Tag: Mining

Why MARA Just Laid Off 15% of Its Staff – Mining Bitcoin News

boss

Internal Restructuring Bitcoin mining giant MARA, formerly Marathon Digital Holdings, has laid off roughly 15% of its workforce as part of a sweeping strategic shift away from pure-play crypto mining and toward energy and digital infrastructure services. According to a report by Blockspace, the layoffs affected full-time staff across multiple departments and may have included contractors. Anonymous sources cited in the report described the cuts as “going deep,” with some entire teams reportedly eliminated. The reductions occurred in rounds over two consecutive days. In a memo to employees, CEO Fred…

Riot Platforms Sells 3,778 Bitcoin in Q1 2026, Raising $289.5 Million for Data Center Expansion – Mining Bitcoin News

boss

Riot Platforms Q1 2026 Update The Texas-based bitcoin miner and data center developer (Nasdaq: RIOT) sold more than 2.5 times the 1,473 BTC it produced during the quarter. The company described the sales as routine treasury management to generate fiat liquidity for operational and capital expenses. Riot’s bitcoin holdings fell to 15,680 BTC by quarter’s end, down 18% from 19,223 BTC held at the close of Q1 2025. Of the current holdings, 5,802 BTC are restricted. Riot has consistently converted portions of its mined bitcoin to fund electricity costs, hardware…

Luxor Ships Commander Software to Optimize Bitcoin Mining Fleet Profitability – News Bytes Bitcoin News

boss

Seattle-based Luxor Technology Corporation launched Commander on April 1, 2026, to provide bitcoin mining operations with real-time fleet monitoring and remote command capabilities. The software integrates natively with the company’s existing ecosystem, which currently manages over 1 GW of data center compute and mining power. This full-stack infrastructure consolidation allows operators to manage pools, firmware, and energy derivatives through a single vendor. The platform features the Intelligent Miner algorithm, which evaluates market conditions every five minutes to boost profitability by 8% to 14% compared to standard curtailment. The software is…

Cango Secures $75M in Fresh Capital to Expand Ecohash AI Computing Platform – Mining Bitcoin News

boss

U.S.-Listed Bitcoin Miner Cango Closes $75M Financing Round for AI Expansion The $65 million equity placement was purchased by entities controlled by Chairman Xin Jin and Director Chang-Wei Chiu. The transaction issued 49,242,424 Class A ordinary shares, with proceeds settled in USDT. The deal fulfilled definitive agreements the company announced Feb. 12, 2026, and closed as scheduled. On April 1, Cango (NYSE: CANG) executed a separate convertible note with DL Holdings Group Limited (HKEX: 1709), a Hong Kong-listed financial services group, for $10 million in principal. The note carries no…

US Senators Float Reserve-Backed Bitcoin Mining Bill, Raising Nationalization Prospect

boss

Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act on March 30, 2026, a bill that would establish a voluntary federal certification program for domestic Bitcoin mining facilities, codify the Strategic Bitcoin Reserve into statute, and create a direct Treasury procurement channel through which certified miners sell newly mined BTC to the federal government in exchange for a capital gains tax exemption. The legislation, which carries no new fiscal authorizations, designates the Department of Commerce as the administering certifying body and directs the National Institute of Standards…

Eric Trump’s Bitcoin Mining Company Crosses 7,000 BTC Reserve in 2026 – Bitcoin News

boss

Hut 8-Backed Miner American Bitcoin Corp. Now Holds Over 7,000 The company (Nasdaq: ABTC) disclosed the milestone via its official X account on Monday, noting it had nearly tripled its reserves since listing on Nasdaq in September 2025. At bitcoin’s current price near $67,500, the holdings are valued at approximately $473 million to $475 million, according to data from bitcointreasuries.net. ABTC ended 2025 with roughly 5,401 BTC. It crossed 6,000 BTC in mid-February 2026, reached approximately 6,500 BTC by early March, climbed to around 6,899 BTC by mid-March, and now…

US Senators Unleash New Bill Driving Bitcoin Mining Expansion and Cementing Strategic Bitcoin Reserve – Regulation Bitcoin News

boss

US Bitcoin Mining Policy and National Reserve Strategy U.S. lawmakers are advancing efforts to strengthen domestic digital infrastructure as Senators Bill Cassidy and Cynthia Lummis introduced legislation on March 30 to expand U.S.-based digital asset mining and formalize a national bitcoin reserve strategy. U.S. Senator Bill Cassidy (R-La.) stated: “Digital asset mining is a big part of our economy. We should be doing it here in America.” He described the Mined in America Act as a measure designed to secure supply chains, reinforce domestic manufacturing, and strengthen the broader digital…

Bitcoin Hashrate Reclaims 1 ZH/s as Hashprice Slides Lower – Mining Bitcoin News

boss

Hashprice Falls 6.65% in Three Days As of Saturday, March 28, the network is running at 1.02 ZH/s, or 1,022 EH/s. The seven-day average from hashrateindex.com sits at 1,007 EH/s. On March 18, that same seven-day simple moving average (SMA) was at 931 EH/s — meaning miners have added roughly 76 EH/s of computational power in ten days. The last difficulty adjustment brought the difficulty down 7.76%. The next epoch is due April 2, 2026, and the estimated change at that point is an increase of around 6.43%. Blocks have…

Nvidia Faces Class Action Over Alleged Crypto Mining Revenue Disclosure Gaps

A class action lawsuit revived in the U.S. District Court for the Northern District of California is targeting Nvidia Corporation over allegations that the chipmaker systematically misclassified and obscured graphics processing unit (GPU) revenue derived from crypto mining, misrepresenting the composition of its gaming segment to investors during one of the most volatile periods in digital asset markets. The complaint, operating under the case originally styled In re NVIDIA Corp. Securities Litigation (Case No. 21-cv-02899), alleges violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5…

Top 5 verified free cloud mining sites in 2026 for Bitcoin mining with zero investment

boss

Demand for free Bitcoin cloud mining rises in 2026 as users seek hardware-free ways to earn crypto. Summary Demand for free Bitcoin cloud mining grows in 2026 as users seek passive crypto income without hardware costs. Cloud mining platforms simplify crypto earnings with contracts, bonuses, and no need for ASICs or high electricity use. AngelBTC offers a $100 free mining bonus, enabling users to start contract-based Bitcoin mining with daily rewards. The demand for free Bitcoin cloud mining without investment in 2026 continues to rise as more users search for…