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Core Scientific posted a $347M Q1 loss despite higher revenue as AI colocation growth offset weaker Bitcoin self-mining income.
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Bitcoin
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American Bitcoin reported an $81.7M Q1 loss and missed revenue estimates despite record mining output and lower Bitcoin production costs.
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Bitcoin
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Bitcoin Core disclosed CVE-2024-52911, a patched bug that could let miners crash older nodes or possibly execute code.
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Colombia’s Petro says Caribbean coast could host Bitcoin mining using clean energy, with Wayúu co-ownership still uncertain after elections.
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GoMining’s GoBTC protocol promises instant authorization and on-chain Bitcoin settlement with a 0.2% merchant fee, positioning miner-run rails as a low-cost challenger to Visa and Mastercard. According to Forbes, GoMining will formally debut its GoBTC payment protocol at this year’s Consensus…
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Bitcoin
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A Nordic Bitcoin education group has released an open-source AI database designed to generate evidence-backed responses to common criticisms about Bitcoin’s environmental impact and energy use. According to Bitcoin Beyond 66, the tool, called “The Bitcoin Evidence Base,” has been…
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Twenty One Capital rose after hours as Tether backed proposed mergers with Strike and Elektron to expand its Bitcoin-focused platform.
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Bitcoin
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Core Scientific plans a 1.5GW AI data center in Texas, repurposing 300MW of Bitcoin mining capacity for high-density computing.
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Bitcoin
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Tether has launched an open-source Mining Development Kit that collapses Bitcoin mining’s fragmented hardware dashboards into a single JavaScript and React-based stack. Tether pushes deeper into mining software stack Stablecoin issuer Tether has launched a new open-source Mining Development Kit…
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Luxor committed $100M to buy MicroBT WhatsMiner rigs as MicroBT signed a term sheet to invest in the mining firm.
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Bitcoin
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Uzbekistan launched a supervised crypto mining zone in Karakalpakstan with tax breaks and rules requiring proceeds in local banks.
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A senior U.S. military commander has described Bitcoin as a cybersecurity tool with potential use in national defense. At a Senate Armed Services Committee hearing on Tuesday, Samuel Paparo said Bitcoin’s role goes beyond financial use cases and can support…
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Core Scientific is moving to secure $3.3 billion in fresh debt as it scales data center capacity beyond bitcoin mining. According to a Tuesday disclosure from Core Scientific, the company plans to issue senior secured notes due in 2031, backed…
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Reabold Resources is considering a plan to use gas from its Yorkshire site to power a small Bitcoin mining operation. However, the company says it is more of an early-stage test rather than a pivot away from energy production. According…
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Alcoa is close to selling its New York smelter site to NYDIG, expanding Bitcoin mining at the 1,300-acre Massena East facility.
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Bitcoin mining operations in the US are absorbing a 47 percent increase in deployment costs after Section 232 tariffs on steel, aluminum, and copper stacked on top of an existing 21.6 percent duty on ASIC miners from Southeast Asia, pushing…
