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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Spot Bitcoin ETFs in the United States hoovered up a whopping 51,500 BTC in December while only a fraction of that was produced.
According to a recent Clear Street report, Bitcoin miners are pursuing yield strategies for their BTC holdings and diversifying into AI compute. The report, titled ‘BTC Mining: 2025’s Key Themes Emerge,‘ outlines three themes for 2025: generating revenue on bitcoin reserves, leveraging existing infrastructure for HPC initiatives, and benefiting from a shift in US regulatory […]
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Hashrate dominance continues to be debated due to the pseudonymous and geographically distributed nature of Bitcoin mining.
The cloud mining firm will be buying the latest Bitmain S-series miners, including the higher hashrate S21 XP and S21 Pro models.
Russia’s key crypto mining regions like Irkutsk will enforce seasonal mining restrictions instead of originally proposed complete bans.
The following is a guest post by Jakub Ondrasek, CEO at Clore AI. Tech innovations such as AI, cryptocurrency, quantum computing and VR are redefining modern life. Most consumers don’t know how much high-performance computing power is needed to fuel such changes. This computing power is driving major breakthroughs, but it also contributes to one […]
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Marathon Digital Holdings is redefining the narrative around Bitcoin mining by repurposing its excess heat to benefit communities in Finland. In a Dec. 20 statement on X, the company said it provides heating for approximately 80,000 residents through a forward-thinking approach that merges innovation and environmental responsibility. This success builds on a pilot project launched […]
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Bitcoin mining is becoming an unexpected solution to Europe’s energy problems, according to a Forbes report. During the energy crisis, miners are helping stabilize electricity grids and use extra energy that would otherwise go to waste. Although Bitcoin mining is often criticized for using a lot of energy, combining it with smart sustainability practices is …