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By early 2025, Russia’s Bitcoin mining capacity had topped 11 GW, but only around 3 GW was reportedly used by legal miners. Bitcoin (BTC) mining sector in Russia grew in 2024 as the number of mining farms rose 7% to…
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MARA Holdings, Inc. has completed its acquisition of a wind farm in Hansford County, Texas. The wind farm has 240 megawatts of interconnection capacity and 114 MW of wind power. The newly acquired site will use repurposed ASIC mining hardware…
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Russian power grid operator Rosseti reported losses of over 1.3 billion rubles in 2024 due to illegal crypto mining operations that siphoned electricity through unauthorized connections. The Russian power grid company Rosseti reported losses exceeding 1.3 billion rubles in 2024…
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The SEC has suspended its fraud lawsuit against Geosyn Mining at the request of the accused executives, following federal charges on similar allegations. On Feb. 14, the SEC informed a Texas court that it would suspend the ongoing case against…
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U.S. Customs and Border Protection is continuing its seizure of Bitcoin mining equipment at U.S. ports. The ASIC miners are reportedly being detained at U.S. ports of entry at the request of the Federal Communications Commission. According to documents reviewed…
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U.S. crypto miners relying on Bitmain hardware are seeing shipment delays as customs officials increase scrutiny amid trade tensions. Crypto mining firms in the United States are facing delays in getting new equipment as customs officials tighten checks on shipments…
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An illegal Bitcoin mining operation was discovered in a house in Malaysia, adding to the toll on the country’s power grid and contributing to the trend in electricity theft driven by illicit crypto mining activities. On Feb. 13, an explosion…
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Bitcoin miner Riot Platforms is exploring revenue diversification into AI and HPC, joining the growing trend of miners adapting their infrastructure for AI applications as Bitcoin network transactions hover at 12-months low. On Feb. 13, Bitcoin (BTC) miner Riot Platforms…
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Phoenix Group reported $107 million in Bitcoin mining revenue for 2024, more than a 230% jump from 2023. Cryptocurrency miner Phoenix Group saw its mining revenue surge 236% in 2024, reaching $107 million as it expanded operations and navigated industry…
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HIVE Digital Technologies has reported strong Q3 FY2025 revenue, fueled by Bitcoin mining and high-performance computing services. Canadian crypto mining firm HIVE Digital Technologies saw its shares rising 2.57% on Wednesday after it revealed its third-quarter results for fiscal year…
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The Pi Network’s native token is set to list on OKX starting from Feb. 20, however users have raised concerns regarding potential trading risks. In a recent announcement, the crypto exchange OKX declared that it will be adding PI to…
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James Howells is considering buying a public landfill where he claims a massive Bitcoin fortune might be buried, but local authorities plan to shut down the site after a court battle.
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Russia’s communications watchdog Roskomnadzor has blocked access to the country’s largest crypto aggregator platform. The Russian telecoms watchdog Roskomnadzor has blocked access to BestChange, one of the largest crypto over-the-counter aggregators in Eastern Europe and Russia. As of press time,…
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Mike Colonnese, senior crypto analyst at H.C. Wainwright & Co., reiterated CleanSpark as the firm’s top pick following the company’s first-quarter earnings report. Bitcoin mining company CleanSpark reported its first-quarter results on Thursday, posting an 82% quarter-over-quarter increase in revenue…
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Russian Bitcoin miners fear exposure to sanctions as the government compiles a registry containing wallet addresses and other sensitive data. Bitcoin (BTC) miners in Russia aren’t thrilled about a new government registry that’s scooping up sensitive data, including crypto wallet…
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Bitcoin mining firm Bitdeer has acquired 19 acres of land in Alberta, Canada for $21.7 million. The power plant could scale up to 1 GW of power. In a press release, the Singapore-based Bitcoin (BTC) mining firm announced it has…
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