Tag: Mining

A look into XRP stability and cloud mining potential

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With XRP stabilizing around $2.20, investors are eyeing cloud mining platforms like Winner Mining as a new gateway to passive crypto income. XRP is a popular currency in the current cryptocurrency market and has been called the “next BTC”. As of press time, the token price is $2.19. Affected by Trump’s radical tariff policy and the resulting global political reforms, the price of XRP has experienced short-term fluctuations recently.…

Bitcoin mining — Institutions boost investments amid favorable US climate

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Opinion by: Fakhul Miah, managing director of GoMining Institutional The Bitcoin (BTC) mining industry has never been more attractive to institutional investors. Fintech giants are investing in Bitcoin mining rather than just accumulating the asset, all thanks to the favorable regulatory environment in the US and the profitability margin of BTC.  Then, numerous companies are diversifying by allocating computing power to AI, further strengthening their economics and, thus, investment attractiveness. For now, it looks like the future of the foundational layer for the Bitcoin network could mark the new gusher…

Bitcoin mining can power the US, if regulators prioritize it

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto in the United States is entering a new era as policymakers across the federal and state levels consider strategic Bitcoin (BTC) reserves and a legislative framework that brings clarity to the industry after years of uncertainty. In the last weeks alone, President Trump announced the establishment of a national Bitcoin reserve under executive action, while U.S. Senator Cynthia Lummis introduced legislation proposing the creation of a…

Malaysian Police Raid Illegal Bitcoin Mining Operation

Key Notes Malaysian police seized 45 illegal Bitcoin mining machines worth $52,145. The operation stole $8,342 worth of electricity each month. No arrests were made, but investigations are ongoing. The Malaysian police carried out a raid on an illegal Bitcoin mining syndicate operating in the Hulu Terengganu and Marang districts on April 30. Authorities believe the operation, based in the northeastern region of Malaysia, was using stolen electricity to power its Bitcoin mining activities. According to a report from a local news outlet, the raids took place at two separate…

Terengganu Police Dismantle Bitcoin Mining Syndicate in Electricity Theft Crackdown

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Terengganu police and Tenaga Nasional Berhad (TNB) dismantled a syndicate accused of stealing electricity to power illegal bitcoin mining operations in Hulu Terengganu and Marang districts on Tuesday, seizing 45 machines worth RM225,000. Police, TNB Raid Illegal Bitcoin Mining Operations in Hulu Terengganu, Marang The joint operation, codenamed Op Letrik, targeted two premises—one in Bukit […] Original

Malaysia seizes 45 Bitcoin mining machines tied to $8,000 monthly power theft

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Malaysian authorities have dismantled a bitcoin mining syndicate allegedly involved in large-scale electricity theft in the Hulu Terengganu and Marang districts, police said on Wednesday. The raids, conducted during Op Letrik by Terengganu police in collaboration with Tenaga Nasional Berhad’s Special Engagement Against Losses unit, uncovered 45 illegal Bitcoin (BTC) mining machines across two premises — a residential site in Bukit Perpat and a commercial property in Wakaf Tapai, according to local reporting.  Terengganu police chief Datuk Mohd Khairi Khairuddin said the operation targeted properties believed to have been modified…

Green Bitcoin? Over 52% of Mining Now Uses Sustainable Energy

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The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining, collectively controlling over 80% of reported activity. Bitcoin mining is now 52.4% reliant on sustainable energy, with hydropower (23.4%) and wind (15.4%) as leading sources. North America Dominance According to the latest Cambridge Centre for Alternative Finance […] Original

Sustainable Energy Powers Majority of Bitcoin Mining

Key Notes Cambridge study shows that at least 50% of Bitcoin mining is linked to sustainable sources. This change may convince companies like Tesla to accept BTC as a payment form. The findings may influence policy decisions and Tesla’s stance on BTC payments. The University of Cambridge recently published a study revealing that at least half of Bitcoin mining is powered by low-carbon or renewable energy sources. Among the regions surveyed, North America ranks highest for having the lowest carbon emissions associated with Bitcoin mining. The study also noted ongoing…

Bitcoin miner Phoenix Group adds 52 MW of mining capacity in Ethiopia

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Bitcoin mining firm Phoenix Group announced the addition of 52 megawatts (MW) worth of mining capacity to its capabilities in Ethiopia. According to an April 29 announcement, with this latest addition, Phoenix’s Bitcoin mining capacity in Ethiopia reaches 132 MW. The firm’s global capacity now reportedly exceeds 500 MW. Phoenix’s co-founder and CEO, Munaf Ali, said the firm’s strategy relies on “securing prime locations with abundant, low-cost energy.” “Initiatives like our latest expansion in Ethiopia are pivotal steps, not only creating significant value today but also solidifying our position,” he…