Key Takeaways In a major development, Bitcoin mining hardware manufacturer Canaan Inc. has purchased Cipher Mining’s 49% stake in a Texas-based joint venture operating three crypto mining facilities, marking a strategic pivot toward direct energy infrastructure development in North America.…
In the world of cryptocurrency, crypto mining is crucial for keeping networks safe and confirming transactions. While it used to be limited to desktop computers and specialized hardware, now mining has evolved greatly thanks to the rise of mobile apps.…
Key Takeaways In a major development, Russia’s central bank has, for the first time, openly linked the country’s growing Bitcoin mining industry to the strengthening of the Ruble— the nation’s national currency—marking a notable shift in tone from an institution…
Key Takeaways Leading crypto mining firm, Bitdeer reported a net loss of $531.9 million for the fourth quarter of 2024. The firm noted that the loss was mainly owing to non-cash fair value changes in derivative liabilities—$413.7 million related to…
Key Takeaways Leading Bitcoin mining firm CleanSpark has reported the strongest quarter in its history, posting record revenue, profitability, and operational capacity for the three months ending June 30, 2025. The Las Vegas-based company generated $198.6 million in revenue during…
Key Takeaways Two Bitcoin Mining Giants, Marathon Digital and Core Scientific, have now found themselves entangled in a lawsuit. Patent Hoarder, Malikie Innovations has sued the mining firm for using the Elliptic Curve Cryptography (ECC) employed by the Bitcoin blockchain,…
Key Takeaways Leading Bitcoin miner TeraWulf reported $34.4 million in revenue for Q1 2025, marking a 19% year-over-year drop as the company faced multiple operational headwinds. The decline was largely attributed to the April 2024 Bitcoin halving, which cut mining…
Key Takeaways The Planning Commission of Vilonia, Arkansas, has unanimously rejected a proposal to establish a crypto mining facility within city limits, following weeks of vocal opposition from residents. The vote marks the latest instance of local resistance to the…
Key Takeaways The Arkansas Senate’s City, County and Local Affairs Committee recently rejected a bill that aimed to prohibit crypto mining operations within a 30-mile radius of military facilities in the state. The proposed legislation, Senate Bill 60, was voted…
Key Takeaways Russia has announced a regional ban on crypto mining, set to commence on January 1, 2025. The ban, which will last for six years until March 15, 2031, was introduced as part of legislation signed by President Vladimir…
Can’t find what you’re looking for? Type below and hit enter!
