Tag: Mining

Bhutanese prime minister pushes for global embrace of Bitcoin mining

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As Bhutan battles youth migration and economic strain, its prime minister says Bitcoin mining offers a path forward, and others should follow. Bhutan, a Buddhist kingdom on the eastern edge of the Himalayas known for its monasteries, seems to be placing a strong bet on Bitcoin (BTC) as a possible way to ease its economic problems despite the notorious risks linked to the cryptocurrency’s price swings. In an interview with Al Jazeera, Bhutanese prime minister Tshering Tobgay called state-backed Bitcoin mining “a simple strategic choice that many people have made…

Tether to deploy hashrate on Bitcoin mining pool OCEAN

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Tether plans to deploy hashrate on OCEAN, a move that will see the crypto ecosystem giant contribute to the decentralization of Bitcoin mining. In an announcement on April 14, the Tether (USDT) issuer said that it planned to mine Bitcoin (BTC) through OCEAN’s mining pool, deploying both existing and future hashrate. Tether will roll out the software across its operations globally. It includes underserved locations such as Africa, the company wrote in a blog post. The move to mine via the platform, which was launched by Bitcoin Core developer Luke…

Bitcoin (BTC) Mining Profitability Fell 7.4% in March

Bitcoin (BTC) mining profitability fell 7.4% in March, investment bank Jefferies said in a research report Friday. The drop was due to a 11.2% decline in the average bitcoin price and a 9.1% drop in transaction fees, the report said. U.S.-listed miners mined 3,534 bitcoin in March versus 3,002 in February, Jefferies said, and these companies accounted for 24.8% of the total network last month, compared to 23.6% the month previous. MARA Holdings (MARA) produced the most bitcoin in March, with 829 tokens, the report said, followed by CleanSpark (CLSK)…

Top Bitcoin Mining Stocks Close the Week Higher After Tariff-Driven Dip

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Financial markets shimmered with cautious optimism as U.S. equities closed positively Friday, with the Nasdaq Composite rising 2.06% and the digital asset sector vaulting 3.72% to a $2.63 trillion valuation. Publicly listed bitcoin miners likewise enjoyed a rebound, as nine of the top twelve leading firms by market capitalization advanced. Publicly Traded Bitcoin Miners Pop […] Original

Pakistan Explores Allocating its Surplus Electricity to Bitcoin Mining

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Pakistan is exploring bitcoin mining and AI data centers as a way to utilize its surplus electricity, with plans to foster innovation, boost exports, and create tech jobs through crypto regulation and infrastructure support. Turning Watts into Wealth: Pakistan Leverages Excess Energy for Crypto Mining Pakistan is looking to bitcoin mining and artificial intelligence (AI) […] Original

Tariffs Threaten US Bitcoin Mining as Firms Race to Import Mining Equipment

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U.S. bitcoin miners are racing against time to import mining equipment to mitigate Trump’s sweeping global tariffs. With application-specific integrated circuit (ASIC) prices expected to surge up to 36%, companies are chartering multimillion-dollar flights to sidestep looming costs. Bitcoin Miners Charter $3M Flights to Combat Trump’s Tariff Hike U.S. bitcoin miners are scrambling to import […] Original

Bitcoin mining expansion in U.S. at risk as tariffs hit equipment imports

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Trump’s latest tariff hikes on China may shift the global Bitcoin mining industry offshore, as domestic miners face increased premiums on hardware costs. Bitcoin (BTC) mining may soon shift further offshore as U.S. miners face rising hardware costs. On Wednesday, April 9, a new report from Hashlabs Mining CEO Jaran Mellerud highlighted the economic impact of U.S. tariffs on the domestic crypto mining industry. According to the report, these tariffs could increase mining equipment costs in the U.S. by at least 22% compared to other countries. Specifically, U.S. crypto miners…

Trump tariffs could lower Bitcoin miner prices outside US, says mining exec

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The Trump administration’s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US to sell their surplus inventory for cheaper, says Hashlabs Mining CEO Jaran Mellerud. “As machine prices rise in the U.S., they could paradoxically decrease in the rest of the world,” Mellerud said in an April 8 report. “The demand for shipping machines to the U.S. is set to plummet, likely nearing zero.” “Manufacturers will be left with excess stock originally intended for…

Mining Grid Revolutionizes Bitcoin Mining With Cores Racing: A Competitive, Rewarding New Model

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This content is provided by a sponsor. PRESS RELEASE. As Bitcoin continues to dominate financial markets globally, Mining Grid, a pioneer in blockchain innovation, has successfully launched Cores Racing—a groundbreaking program that transforms Bitcoin mining into a more fair, competitive, and community-driven experience. Building on the success of its Mining Race platform, which boasts over […] Original