Crusoe Energy has sold its bitcoin mining operations to NYDIG to prioritize artificial intelligence (AI) infrastructure development, the companies announced March 25. NYDIG Expands Bitcoin Mining Footprint with Crusoe Acquisition Reports disclose that the transaction includes over 425 modular data centers across the U.S. and Argentina, capable of generating 270 megawatts of power, alongside Crusoe […] Original
While the costs of Bitcoin mining can be very high, the return on investment (ROI) is even higher for major operations with huge mining capacity. Therefore, a solo crypto investor must understand the workings of mining before diving into this world. This guide will explore one of the most prevalent terminologies in the mining industry, Bitcoin (BTC) mining difficulty. What is it, and what are its benefits? What is BTC mining difficulty? BTC mining difficulty is a measure of the complexity of mining BTC. It indicates how hard it is…
United States-based Bitcoin miner Crusoe Energy is wrapping up its Bitcoin mining business as it plans to shift focus towards the artificial intelligence sector. According to a recent press release, Crusoe will sell 425 of its modular data centers— spanning sites across Colorado, North Dakota, Montana, Wyoming, New Mexico, Utah, Texas, and Argentina — with a combined 270 megawatts of power generation capacity, to the New York Digital Investment Group. The deal also includes its Digital Flare Mitigation business, and around 135 employees will transition to NYDIG. “Our innovative approach…
Bitcoin’s hashrate has been climbing steadily, with the network adding 40 exahash per second (EH/s) over the past five days, reaching 836 EH/s—edging close to the protocol’s historical peak. In addition, as bitcoin’s price has moved upward, the hashprice—representing the estimated daily earnings from one petahash per second (PH/s) of computing power—has also seen an […] Original
The Bitcoin (BTC) mining hashprice — a miner’s daily revenue per unit of hashing power expended to mine blocks — has remained constant at around $48 per petahash per second (PH/s), despite a slight 1.4% uptick in Bitcoin difficulty. Data from CoinWarz shows that the Bitcoin difficulty climbed to 113.76 trillion at block 889,081 on March 23, up from the 112.1 trillion difficulty in the previous epoch. According to TheMinerMag, a hashprice below $50 places financial stress on miners running older hardware such as the Antminer S19 XP and S19…
Bilal Bin Saqib, the CEO of Pakistan’s Crypto Council, has proposed using the country’s runoff energy to fuel Bitcoin (BTC) mining at the Crypto Council’s inaugural meeting on March 21. According to an article from The Nation, the council is exploring comprehensive regulatory frameworks for cryptocurrencies to attract foreign direct investment and establish Pakistan as a crypto hub. The meeting included lawmakers, the Bank of Pakistan’s governor, the chairman of Pakistan’s Securities and Exchange Commission (SECP), and the federal information technology secretary. Senator Muhammad Aurangzeb had this to say about…
Pakistan is developing special electricity tariffs to attract cryptocurrency mining operations as part of a strategy to use the country’s surplus power generation capacity. According to a report by Dawn, the Power Division is consulting with various stakeholders to create attractive electricity rates for these industries without introducing subsidies. The initiative plans to use excess power production while reducing capacity payments. This approach could appeal to cryptocurrency miners, who generally spend 60-70% of their earnings on electricity costs. Pakistan’s current surplus electricity situation offers potential competitive advantages. Power Minister Awais…
The U.S. Securities and Exchange Commission’s Division of Corporate Finance has released new guidance on Proof-of-Work mining, clarifying how federal securities laws apply to crypto mining activities. The statement outlines the SEC’s stance on “protocol mining” and concludes that PoW mining activities do not constitute securities transactions. The SEC explains that Proof-of-Work networks operate as public, permissionless systems where miners validate transactions and maintain network security through computational efforts. It introduces the term “Covered Crypto Assets” for tokens earned from PoW mining and refers to the process itself as “Protocol…
Bitcoin mining pools Foundry, Antpool, and Viabtc collectively command over 65% of the network’s global hashrate, amplifying their dominance through scale, competitive fee models, and tailored incentives for participants. What Are Mining Pools? Collaborative mining pools aggregate computational resources from individual miners to enhance block discovery odds, distributing rewards based on contributed hashpower. As of […] Original
In the wake of U.S. President Donald Trump’s establishment of a Strategic Bitcoin Reserve (SBR), speculation has emerged regarding potential Department of Defense (DoD) initiatives to engage in cryptocurrency mining. Is the DoD Entering the Bitcoin Mining Arena? An X Post Sparks the Discussion On March 17, Michelle Weekley, an executive at cryptocurrency enterprise Byte […] Original