Tag: Mining

MARA Bitcoin mining hits record high of $752M, as Bitcoin rises to $112k

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MARA Holdings, formerly Marathon Digital Holdings, has reached a new all-time high in Bitcoin mining revenue, fueled by Bitcoin’s recent surge to a record price. The company’s annualized mining revenue exceeded $752 million on May 27, according to data from CryptoQuant, making it the most profitable day in the company’s history. Marathon is currently the world’s largest publicly traded Bitcoin (BTC) mining firm by market capitalization. “Quarterly reports are slow. Onchain shows revenue in real time,” CryptoQuant founder and CEO Ki Young Ju wrote in a May 27 X post…

Bitlayer partners with three Bitcoin mining pools

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Bitlayer has taken a major step toward real-world adoption of Bitcoin-native decentralized finance by partnering with three of the world’s largest Bitcoin mining pools. According to an announcement made on Bitlayer’s official X account on May 27, the company has partnered with Bitcoin (BTC) mining pools Antpool, F2Pool, and SpiderPool. Together, the three mining pools represent close to 40% of the total Bitcoin network hashrate. Their support will help move BitVM from concept to working infrastructure by enabling non-standard transactions, a crucial part of the system’s challenge-response design. NSTs are technically…

Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

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Pakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers. The move is part of a broader digital transformation plan spearheaded by the Pakistan Crypto Council and backed by the Ministry of Finance, according to a May 25 report by local news outlet 24NewsHD TV Channel. In the first phase, the government plans to channel excess power into AI infrastructure and crypto mining operations. Finance Minister Muhammad Aurangzeb said the decision is expected to attract billions in foreign investment while generating high-tech employment across…

Compass Mining, Synota Redirect Bitcoin Hashrate to Fund Energy and Healthcare Initiatives

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Compass Mining has partnered with Synota’s “Impact Mining” initiative to redirect a portion of bitcoin mining revenue toward subsidizing energy costs for healthcare and education projects in underserved Nigerian communities. Compass Mining’s Partnership Powers Solar Grids, Healthcare via Bitcoin Hashrate Donation Compass Mining, a bitcoin (BTC) mining infrastructure provider, announced Friday it is the inaugural […] Original

Michigan lawmakers introduce new crypto bills covering state investments, mining, and CBDCs

Four new cryptocurrency-related bills were introduced in the Michigan legislature this week, covering public pension investments in crypto, mining, income tax exemptions, and restrictions on CBDC support. As of May 23, four new proposed legislations, House Bills 4510, 4511, 4512, and 4513, have been introduced in the Michigan legislature, marking a coordinated push to define the state’s approach to cryptocurrency. 🇺🇸 NEW: Four new Bitcoin bills were introduced today in Michigan today 1. Allowing State Retirement fund investment 2. Banning CBDCs, and other rights protections 3 + 4. Allowing Bitcoin…

Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining

Michigan lawmakers have introduced four crypto-related bills covering crypto mining, central bank digital currencies (CBDCs) and crypto in state retirement funds. Republican state Representative Bill Schuette introduced House Bill 4510 on May 21, which would amend Michigan’s Public Employee Retirement System Investment Act to allow the state treasurer, currently Rachael Eubanks, to invest in cryptocurrencies that have averaged a market cap above $250 million over the last calendar year. Bitcoin (BTC) and Ether (ETH) are the only cryptocurrencies that currently meet that threshold. The bill adds that any cryptocurrencies must…

Arthur Hayes Calls Bitcoin Bull Run — Alt Season Will Ignite!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, Arthur Hayes gets real at Token2049. He lays out his huge Bitcoin bet, explaining exactly why he’s all in and even drops a pretty bold prediction after all the talk about Trump’s tariffs. We dig into whether Bitcoin can actually protect you during these kinds of global shake-ups. Follow COINTELEGRAPH: Website: Telegram: Facebook: Twitter: Mobile app: Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital…

Behind-the-Meter Bitcoin Mining: Sangha Renewables Breaks Ground on 20 MW Texas Site

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Sangha Renewables is turning West Texas sunshine into bitcoin, breaking ground on a 20 MW mining facility powered by solar energy—and nearly hitting its $17 million equity target with $14 million already secured. Texas Solar Farm to Generate Bitcoin via Sangha’s 20 MW Mining Operation Sangha Renewables began construction on a 19.9-megawatt bitcoin (BTC) mining […] Original