Tag: Mining

Riot Platforms (RIOT) Taps Data Center Veteran to Expand Beyond Bitcoin Mining

Riot Platforms (RIOT) has hired industry veteran Jonathan Gibbs as its Chief Data Center Officer, marking a strategic move by the bitcoin miner to branch out beyond crypto into the broader data infrastructure business. Gibbs brings over 15 years of experience and a résumé that includes designing and building more than one gigawatt of data center capacity across North America, Europe and Asia. He most recently served as Executive Vice President at Prime Data Centers, where he led projects across the U.S. Now, he’s tasked with launching Riot’s new data…

943 EH/s and Climbing: Bitcoin’s Mining Power Nears Historic Threshold

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With bitcoin’s price consolidating following the all-time high (ATH), the network’s computational power has reached an unprecedented zenith, touching a peak of 943 exahash per second (EH/s). Bitcoin Nears Zettahash Milestone Bitcoin’s global hashrate has reached a fresh pinnacle, with data reflecting a high of 943 EH/s based on the rolling seven-day simple moving average […] Original

IMF Flags Concern Over Pakistan’s Bitcoin Mining Plan

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The International Monetary Fund (IMF) has raised concerns over Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers amid ongoing negotiations tied to the country’s extended financial program. The initiative, announced last week, is designed to attract autonomous miners, blockchain companies, and AI firms to Pakistan. However, the IMF has raised red flags about the move, requesting urgent clarification from the Finance Ministry regarding the legality of crypto mining and the power allocations, particularly as the nation struggles with chronic energy shortages and…

ViaBTC Showcased Global Mining Leadership at Bitcoin Conference 2025 in Las Vegas

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This content is provided by a sponsor. From May 27 to 29, Bitcoin Conference 2025—the world’s largest Bitcoin event—successfully took over the Venetian Convention & Expo Center in Las Vegas, bringing together the global Bitcoin community for three days of groundbreaking dialogue, networking, and innovation. This year’s event gathered over 30,000 Bitcoiners, 5,000+ companies, and […] Original

Un mineur de Bitcoin, ça rapporte combien ? #blockchain #mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Le minage de cryptomonnaie n’est pas seulement une question de revenus ; le coût électrique de cette activité est le principal poste de dépense des mineurs, et leur rentabilité en dépend. #bitcoin #blockchain #cryptocurrency ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

BTC Mining Takes Notice From New Antminer

This week, at the World Digital Mining Summit, bitcoin rig manufacturer Bitmain unveiled its latest mining rig, the Antminer S23 Hydro. Scheduled for release in early 2026, the machine offers an energy efficiency of 9.7 joules per terahash (J/TH), a new benchmark in mining technology. For context, the first dedicated bitcoin ASIC miner launched in 2013 consumed roughly 1,200 J/TH. But while the S23 Hydro represents a leap forward in hardware design, it arrives at a time of tension in the mining economy, analysts at TheMinerMag wrote in a Thursday…

Bitcoin mining platform Antalpha plans to allocate $40m into Tether Gold by June 2026

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Antalpha, the fintech platform that serves the Bitcoin mining ecosystem, announced that it plans to invest $40 million into Tether Gold as a hedge against economic volatility. According to its recent press release, Antalpha aims to diversify its holdings in the face of macroeconomic volatility by investing in Tether (USDT)’s digital gold token, XAUt (XAUT). The platform chose the token because of its gold-backed value that is believed to be suitable for institutional asset allocation, particularly its ability to withstand crypto market cycles and support different financial applications. Therefore, the…

Theminermag Bitcoin Mining Update: April/May 2025

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This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies. The latest edition of our Bitcoin mining report is now available to download here. This month’s analysis dives into key trends shaping the sector as miners navigate compressed economics despite […] Original

Pakistan to Establish a Bitcoin Strategic Reserve, Allocate 2000 Megawatts of Energy for Crypto Mining

LAS VEGAS, Nevada — The government of Pakistan has plans to establish a strategic bitcoin reserve and support bitcoin mining, the country’s Minister of State for Blockchain and Crypto Bilal Bin Saqib announced at Bitcoin 2025 in Las Vegas on Wednesday. Bin Saqib said that Pakistan’s plans for a strategic bitcoin reserve were inspired by U.S. President Donald Trump’s administration’s own nascent plan for a strategic bitcoin reserve in the U.S., which will — at least at first — be filled with the U.S. government’s holdings from criminal and civil forfeitures, estimated…

Guayaquil Makes History With the First Bitcoin Mining Event in Ecuador

📰 Guayaquil Makes History With the First Bitcoin Mining Event in Ecuador By: Arley Lozano – Coverage Date: May 22, 2025 Location: Paseo del Río Conference Center, Guayaquil, Ecuador On May 22, Guayaquil witnessed the first-ever Bitcoin mining event in Ecuador — a historic day that brought together enthusiasts, experts, and entrepreneurs from the crypto […] Source CryptoX Portal