Riot Platforms’ VP of Research, Pierre Rochard, yesterday testified before the Texas Senate Committee on Business and Commerce in support of Senate Bill 21, which would establish a state Bitcoin reserve. His testimony on Feb. 18 detailed the proposal’s role in strengthening state finances amid economic uncertainty and emphasized Bitcoin’s verifiable ledger and capped supply […]
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Russian energy provider Rosseti reportedly saw a significant financial hit due to illegal crypto mining in 2024, with losses amounting to approximately 1.3 billion rubles ($14.2 million). On Feb. 18, local media outlet Tass reported that Rosseti said these losses stem from unauthorized electricity consumption across multiple regions, with the North Caucasus Grid alone accounting […]
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According to Rosseti, one owner operated around 3,200 mining devices that stole electricity on an “industrial scale.”
Will US President adopt policies to limit the impact of Bitcoin mining on the environment? Not many experts think that the Trump administration will adopt any policy against the interest of the Bitcoin mining industry. Trump made his stand on this matter clear last year itself when he announced his intention to mine all the …
US-based crypto miners are facing delays in receiving ASIC mining hardware due to intensified scrutiny of shipments from China’s Bitcoin, the dominant supplier of Bitcoin (BTC) mining rigs. As Bloomberg News reported, industry executives said shipments of Bitmain machines have been held up due to increased scrutiny by US Customs and Border Protection (CBP). The […]
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U.S. Customs and Border Protection (CBP) has expanded its crackdown on Bitcoin mining ASICs, seizing devices from MicroBT, Canaan, and Bitmain at the request of the FCC. The issue stems from AI chips in these machines that lack FCC approval. Previously, CBP only targeted Antminer models, but now multiple manufacturers face customs clearance delays at …
CryptoQuant has recently highlighted a warning sign for Bitcoin’s market. The Hash Ribbons indicator, which monitors the health of Bitcoin mining by tracking changes in hash rates, is flashing again. This tool has been a reliable signal in the past, showing when it’s a good time to buy Bitcoin, both for short-term and long-term investments. …
Bitcoin Core developer Luke Dashjr has raised concerns about the finality of Bitcoin transactions, stating that the widely accepted six-block confirmation rule no longer holds. According to him, transaction finalization now takes over a week, casting doubt on Bitcoin’s resistance to censorship. Finality refers to the point where reversing a transaction becomes practically impossible due to […]
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Russian Bitcoin miners are concerned about a government mandate requiring wallet addresses to be included in a national registry. Russian lawmaker Anton Gorelkin highlighted these concerns in a Feb. 7 Telegram post, warning that geopolitical rivals could exploit leaked addresses. He described such a scenario as a major threat, as sanctions could severely impact mining […]
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Riot mined 527 bitcoin in January, the highest amount since December 2023.
ETFs, hashrate markets and AI have fundamentally reshaped the bitcoin mining industry, reducing miners' dependence on bitcoin’s price.
Jihan Wu’s Bitcoin mining firm, Bitdeer, has acquired 19 acres near Fox Creek, Alberta, for $21.7 million, securing a 101 MW site permit. The company plans to build a natural gas power plant and a 99 MW Bitcoin mining data center. The power plant’s construction will require an additional $90 million, while the data center …
The $21.7 million cash deal would give BitDeer the ability to mine BTC at some of the lowest costs in the industry.
Russia’s Ministry of Energy plans to introduce a nationwide registry for crypto mining equipment, making registration mandatory for all operations. According to a Feb. 3 TASS report, Deputy Minister of Energy Yevgeny Grabchak is leading the initiative to refine existing mining regulations and improve oversight. The move follows ongoing concerns about illegal mining, particularly in […]
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Bitcoin mining became easier in January as U.S.-based firms struggled to mine profitably, battling high energy costs brought on by cold weather.
January is considered the coldest month in the United States. In the first month of 2025, the country suffered an Arctic blast, causing the average temperature of states like Texas to drop as low as 11 degree celsius. Data suggests that the country’s current cold weather condition has affected the Bitcoin mining industry severely. Let’s …
An Arkansas Senate committee rejected a bill to ban crypto mining facilities near military facilities, citing security threats.
Grayscale has introduced a new crypto-related investment product focused on the Bitcoin mining sector, according to a Jan. 30 statement shared with CryptoSlate. The new product is called the Grayscale Bitcoin Miners ETF and is designed to track the performance of Bitcoin mining companies. The fund trades under the ticker MNRS on the New York Stock […]
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Digital Currency Group (DCG) has announced the launch of Fortitude Mining, a new subsidiary focused on diversifying exposure to high-growth crypto assets and Proof-of-Work ecosystems beyond Bitcoin (BTC). DCG CEO Barry Silbert revealed the move in a social media post on Jan. 29, calling Fortitude Mining the company’s fifth subsidiary. The newly formed entity, originally […]
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The move comes after another activist investor, Starboard, had taken a stake in the miner late last year.
Foundry USA and AntPool have been dominating the Bitcoin mining ecosystem in recent weeks. Foundry USA is the largest mining pool, contributing over 34% of the total blocks mined in the past week. This is a remarkable achievement, given the size and decentralization of the Bitcoin mining industry. Such a high market share shows just […]
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Rosseti, Russia’s state-owned electricity giant, is reportedly evaluating Bitcoin mining to enhance energy utilization in areas with surplus capacity, local news agency TASS reported. According to the report, the power grid operator plans to establish mining infrastructure in regions with low energy demand. The company believes this move would improve energy efficiency and generate tax […]
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Petrobras, Brazil’s state-run oil company, is getting into Bitcoin mining. They plan to use the gas produced during oil extraction to power Bitcoin mining. This project aims to make energy use more efficient and reduce carbon emissions. By using waste gas, Petrobras hopes to contribute to both the Bitcoin industry and environmental goals. This new …
The volatility in the crypto market hasn’t missed the mining industry. Since the beginning of the year, we’ve seen volatility in miner behavior, with alternating periods of accumulation and distribution. CryptoQuant data showed notable spikes in positive netflow around Jan. 11 and Jan. 23, indicating substantial accumulation during these periods. This accumulation follows Bitcoin’s spike […]
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Marathon Digital, a prominent Bitcoin mining company, has immortalized incoming US President Donald Trump on the blockchain network of the flagship digital asset. On Jan. 17, Marathon Digital CEO Fred Thiel detailed the creation of the “Trump 47” block on social media platform X, saying: “The ‘Trump 47’ block was composed with AI to form […]
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The publicly traded company formerly known as Marathon Digital mined a portrait of Donald Trump using a strategy of ordering transactions it invented.
Bitcoin holdings for public U.S.-listed companies have more than doubled since January 2024.
Russia has seen a sharp rise in Bitcoin mining activity as citizens and businesses turn to crypto mining for additional income streams, local media outlet Prime reported. According to the report, the demand for industrial Bitcoin mining equipment in Russia has tripled compared to the same quarter in 2023. This surge coincides with a lucrative […]
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Thai authorities confiscated 996 Bitcoin (BTC) mining rigs in Chon Buri province, accusing operators of illegally siphoning electricity to power the energy-intensive machines. The raid, conducted on Jan. 8 in the Phanat Nikhom district, highlights growing concerns about the misuse of public utilities for crypto mining operations. Thai authorities previously conducted several raids on properties […]
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CleanSpark, a leading Bitcoin mining firm, has surpassed 10,000 BTC in its corporate treasury, according to a Jan. 9 statement. The firm said it now holds 10,097 BTC, which were sourced entirely from its US-based mining operations. This represents a staggering 236% increase in its Bitcoin reserves compared to the previous year. The milestone also […]
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