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...
Mining
Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M
Bitfarms reported $2.1 million in net financial income for the first quarter of 2025, a sharp decline from $11.4 million...
Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss
Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year.According to Hut8’s latest...
Blockstream Spins out Mining and ASIC Divisions in Major Restructuring Effort
The bitcoin-focused technology firm closed a $210 million funding round led by Fulgur Ventures last October and is now implementing...
Trump-linked miner American Bitcoin going public via Gryphon merger
Bitcoin mining firm American Bitcoin is going public through a merger with crypto mining company Gryphon Digital Mining, the companies...
Bitcoin Miners Catch a Break: Network Difficulty Slides 3.34%
After four straight difficulty hikes beginning March 9, the Bitcoin network finally eased up—registering a 3.34% downward adjustment that offered...
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,...
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...
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...
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...
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...
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...
Bitcoin mining — Institutions boost investments amid favorable US climate
Opinion by: Fakhul Miah, managing director of GoMining InstitutionalThe Bitcoin (BTC) mining industry has never been more attractive to institutional...
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...
Bitcoin mining pushes sustainability agenda with over 50% of energy generated from renewables
Sustainable energy accounts for more than half of Bitcoin (BTC) mining consumption as of the first quarter, according to the...
Bitcoin miner Phoenix Group adds 52 MW of mining capacity in Ethiopia
Update (April 30, 2025, 8:03 AM): This article has been updated to correct share price data. The previously included data...
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...
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...
After Nearly 100 EH/s Exodus, Block Times Stretch to 10:34—What’s Next for Bitcoin Miners?
Over the past week, data reveals that the Bitcoin blockchain has witnessed the departure of nearly 100 exahash per second...
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...
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,...
