French lawmakers have doubled down on their plans for Bitcoin mining by highlighting that the country could generate an annual revenue of up to $150 million from the industry. In a July 11 bill submitted to the French National Assembly, the lawmakers outlined a five-year pilot program allowing electricity producers to redirect excess power, often […]
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Shareholders trimmed support for executive pay packages at leading US Bitcoin (BTC) miners to an average of 64% in this year’s proxy season, far below the over 90% approval norm across the S&P 500, according to a July 10 VanEck research note. VanEck reviewed filings from eight listed miners and found average named-executive-officer (NEO) compensation […]
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Crypto mining company BIT Mining has strategically moved into the Solana ecosystem, sending its stock to a three-year high. On July 10, the company disclosed its strategic expansion, which includes plans to raise between $200 million and $300 million to establish a strategic Solana reserve. As part of the transition, BIT Mining intends to convert […]
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CoreWeave, a rising player in the artificial intelligence industry, has entered a definitive agreement to acquire Bitcoin mining company Core Scientific in an all-stock transaction, according to a July 7 announcement. This strategic move would help CoreWeave to strengthen its data center capabilities and expand its AI and high-performance computing (HPC) infrastructure. Agreement terms Under the […]
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CoreWeave has entered into a definitive agreement to acquire Core Scientific in an all-stock deal worth about $9 billion.
The Russian Ministry of Energy has introduced a nationwide registry for Bitcoin mining equipment to enforce tax regulations and curb unauthorized activity. According to a report from RIA Novosti, the initiative is the result of a coordinated effort between the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development. Authorities have […]
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The newly launched crypto mining equipment registry will support the authorities to apply taxes and regulations on miners, according to a local report.
Mainland China chipmaking capacity is accelerating, now poised to become the world’s leading semiconductor foundry hub by 2030, and overtaking Taiwan in total capacity, according to the latest projections from Yole Group. Chinese dominance in this field is fueled by the country’s push to manufacture its own tech as U.S. export restrictions continue to ramp […]
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MARA (formerly Marathon Digital) reports its Bitcoin holdings have increased to 49,940 BTC, bringing the digital asset miner to the edge of a major corporate milestone and reinforcing a broader market trend of miners retaining their produced assets. MARA’s holdings position it as the second-largest public corporate holder of Bitcoin, with a treasury valued at […]
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Stablecoin issuer Tether has signed a Memorandum of Understanding (MoU) with Adecoagro S.A. to explore a strategic collaboration centered on renewable-powered Bitcoin mining, according to a July 3 statement. Adecoagro, one of South America’s leading producers of sustainable agricultural goods and energy, is evaluating how its more than 230 MW of renewable energy capacity can […]
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The International Monetary Fund has declined to fully endorse Pakistan’s proposal for a subsidized electricity tariff aimed at powering Bitcoin mining operations, local media outlet Profit reported on July 3. According to the report, Fakhray Alam Irfan, the Chairman of Pakistan’s Senate Standing Committee on Power, revealed that the IMF approved only a three-month relief […]
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Adecoagro said it "plans to use this mining project to initiate certain strategic exposure to Bitcoin in its balance sheet."
The International Monetary Fund (IMF) rejected Pakistan’s proposal to offer subsidized electricity rates to crypto mining, data centres, and heavy industries on July 3. Secretary Power Dr. Fakhray Alam Irfan informed the Senate Standing Committee on Power that although surplus electricity is available during winter, the IMF strictly stands against it. Pakistan’s 2,000 MW Crypto …
Bitcoin miner CleanSpark has reportedly received approval to build a new mining facility in Mountain City, Tennessee, local media outlet WCYB reported on July 2. According to the report, the Mountain City Board of Mayor and Aldermen approved the mine’s development after a 3-1 vote to rezone the targeted 50-acre site. The land will shift […]
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The Trump family’s American Bitcoin Corp. and Gryphon Digital Mining have filed an amended S-4 registration statement with the U.S. Securities and Exchange Commission, moving forward on the public listing for the combined entity. The filing advances a previously announced stock-for-stock merger that will result in the formation of a new publicly traded company, American […]
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American Bitcoin raised $220 million by selling around 11 million new shares in a private placement, new filing shows.
The effort from Senator Cynthia Lummis is one of several crypto tax provisions in an amendment aimed at reducing tax burdens in core areas of the industry.
A new Cantor Fitzgerald report argues that bitcoin miner Core Scientific is worth far more than the markets believe thanks to its strategic role in powering AI.
CoreWeave is negotiating to acquire Bitcoin (BTC) miner-turned-compute host Core Scientific, the Wall Street Journal reported on June 26, citing people familiar with the matter. The cloud infrastructure company attempted to acquire the miner for $5.75 per share in June 2024 but withdrew after Core Scientific’s board deemed the price inadequate. Core Scientific and CoreWeave […]
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In June 2024, the firm offered approximately $1 billion to purchase Core Scientific, which rejected the bid.
Bitcoin miners are holding onto their assets even as mining profitability dips to multi-month lows, a new CryptoQuant report shared with CryptoSlate shows. The data reveals that miner revenues dropped to $34 million on June 22, marking their weakest earnings since April 20. This comes amid a broader market pullback and a drop in […]
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Norway is reportedly planning to introduce a temporary ban on the development of new data centres linked to crypto mining, Reuters reported on June 20. According to the report, the government is expected to implement the restrictions before the end of the year, citing environmental and energy concerns. The government says the aim is to […]
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On-chain data shows that Bitcoin’s (BTC) “ancient supply” is increasing faster than new BTC daily issuance, according to a June 18 research by Fidelity Digital Assets. The report treats ancient supply as Bitcoins that have remained unmoved for at least a decade, and it counted an average of 566 BTC entering the 10-year-plus cohort daily […]
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China’s top three Bitcoin mining rig manufacturers, Bitmain, Canaan, and MicroBT, are reportedly shifting parts of their production to the United States, Reuters reported on June 18. The move comes as a response to intensifying trade tensions triggered by President Donald Trump’s renewed tariff policies. These tariffs, aimed at reducing US reliance on foreign technology, […]
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Antalpha raised $56.7 million via its IPO just last month, with Tether acquiring an 8.1% stake in the company.
A group of lawmakers in France is advocating for a national review on how Bitcoin mining can help address the country’s persistent surplus in electricity production. The proposal, submitted to the French National Assembly on June 12, urges the government to examine whether Bitcoin’s energy-intensive mining process could be harnessed to absorb excess power, especially […]
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Pakistan is considering a new approach to deal with its long-standing energy crisis by introducing Bitcoin mining powered by unused electricity. The government has proposed a strategy to redirect up to 2,000 megawatts (MW) of surplus energy to crypto mining and AI data centers, turning financial losses into potential gains. This marks a major shift …
Can Bitcoin solve the energy crisis in Pakistan? 2,000 MW Mining Plan
A part of the proceeds would be used to enter capped call transactions and prepaid forward transactions, the company said.
Tether is building a gateway for new players to enter Bitcoin mining by releasing its Bitcoin Mining OS (MOS) as open-source software by the end of 2025, according to CEO Paolo Ardoino. In a June 9 post on X, Ardoino explained that the move will lower barriers for small and independent miners. Tether expects to […]
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