Bitcoin’s Hashrate Hits New Peak as Miners Ride Price Wave
Riding bitcoin’s climb to levels last glimpsed in early February, the network’s raw processing muscle has rocketed to a record-setting...
Mining
TeraWulf Q1 loss widens amid rising costs, falling revenue
Mining firm TeraWulf reported a net loss of approximately $61.4 million in its earnings for the first quarter of 2025,...
Terengganu Police Dismantle Bitcoin Mining Syndicate in Electricity Theft Crackdown
Terengganu police and Tenaga Nasional Berhad (TNB) dismantled a syndicate accused of stealing electricity to power illegal bitcoin mining operations...
Phoenix Group Mines 350 Bitcoin in Q1, Bolsters North American Operations With Texas Facility
This week, Phoenix Group PLC reported $31 million in Q1 2025 revenue alongside progress toward 500 megawatts (MW) of global...
Bit Digital Aims for $500M Raise to Fuel HPC, Cloud Expansion
Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering. The offering will be facilitated...
Bitcoin Core’s OP_RETURN limit removal divides crypto community
Bitcoin Core’s reportedly planned removal of the long-standing OP_RETURN limit has sparked sharp division across the ecosystem.The upcoming release will,...
Bitcoin miners should pay costs in depreciating currency — Ledn exec
Bitcoin (BTC) mining firms should hold their mined Bitcoin and use it as collateral for fiat-denominated loans to pay operating...
Bitcoin Miners Bleed $40M in April as Fourth Straight Revenue Drop Deepens the Crunch
Bitcoin miners brought in $40 million less in revenue during April than they did in March, marking the fourth straight...
Riot Platforms reports $296M net loss in Q1 despite record revenues
Riot Platforms reported record revenue of $161.4 million in the first quarter of 2025, more than doubling its $79.3 million...
Riot Platforms posts Q1 loss, beats revenue estimates
Bitcoin miner Riot Platforms reported its highest-ever quarterly revenue, but still posted a loss as mining costs have nearly doubled...
Phoenix Group Boosts Ethiopia Bitcoin Mining Capacity to 132 MW
Phoenix Group has expanded its Bitcoin mining operations in Ethiopia, securing an additional 52 megawatts, bringing its total capacity there...
Kuwait bans Bitcoin mining over energy concerns and legal violations
Kuwait’s Ministry of Interior has outlawed Bitcoin mining, citing excessive power consumption and violations of national regulations.In an April 22...
Arkansas city rejects crypto mining proposal after community pushback
The planning commission of Vilonia, Arkansas, unanimously rejected a proposal to establish a cryptocurrency mining facility within the city limits,...
Coinshares: Bitcoin Hashpower Set to Hit One Zettahash by July
A Coinshares report predicts Bitcoin’s network hashpower will likely reach 1 Zettahash per second (ZH/s) by July 2025. Reaching 1...
Bitcoin mining costs soar 47% to $137K in Q4 amid rising input costs, tax liabilities
The average cost to mine one Bitcoin (BTC) increased sharply in the fourth quarter of 2024, reaching $82,162 among publicly...
LAX Cargo Theft Unveiled: LAPD Catches Suspects Behind $2.7M in Stolen Bitcoin Miners
A local news outlet reports that two individuals tied to a South American theft ring were apprehended in Los Angeles...
Riot Platforms leverages $1.8 billion Bitcoin trove for $100 million Coinbase loan
Bitcoin miner Riot Platforms has entered into a $100 million credit agreement with Coinbase, using its BTC holdings as collateral.According...
LAPD recovers $2.7M worth of Bitcoin miners stolen in airport heist
The Los Angeles Police Department has recovered $2.7 million worth of Bitcoin mining machines it alleges were stolen by a...
Hashprice Below $40? Mining Report Paints a Stark Picture for Bitcoin Miners
Bitcoin miners face the tightest margins since 2023, warns theminermag.com’s Head of Research Wolfie Zhao, as hashprice flirts with critical...
Public mining firms sold over 40% of their BTC in March — Report
Publicly listed Bitcoin miners sold over 40% of the collective coins mined in March, representing the largest monthly BTC liquidation...
Bitcoin Miners Press on as Difficulty Climbs 1.42% in Early Saturday Adjustment
Around 4 a.m. Eastern time Saturday, when Bitcoin’s block height reached 893,088, the network difficulty ratcheted upward to a new...
Bitcoin miner Bit Digital acquires $53M facility as AI, HPC push continues
Bitcoin mining company Bit Digital has acquired an industrial building in Madison, North Carolina, upping the ante in a business...
