Tag: Mining

Crusoe Energy sells Bitcoin mining arm to NYDIG, turns focus to AI

United States-based Bitcoin miner Crusoe Energy is wrapping up its Bitcoin mining business as it plans to shift focus towards the artificial intelligence sector. According to a recent press release, Crusoe will sell 425 of its modular data centers— spanning sites across Colorado, North Dakota, Montana, Wyoming, New Mexico, Utah, Texas, and Argentina — with a combined 270 megawatts of power generation capacity, to the New York Digital Investment Group. The deal also includes its Digital Flare Mitigation business, and around 135 employees will transition to NYDIG. “Our innovative approach…

Hashrate Approaches Record High as Bitcoin Price Drives Mining Gains

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Bitcoin’s hashrate has been climbing steadily, with the network adding 40 exahash per second (EH/s) over the past five days, reaching 836 EH/s—edging close to the protocol’s historical peak. In addition, as bitcoin’s price has moved upward, the hashprice—representing the estimated daily earnings from one petahash per second (PH/s) of computing power—has also seen an […] Original

Bitcoin mining hashprice stays flat despite higher difficulty: Report

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The Bitcoin (BTC) mining hashprice — a miner’s daily revenue per unit of hashing power expended to mine blocks — has remained constant at around $48 per petahash per second (PH/s), despite a slight 1.4% uptick in Bitcoin difficulty. Data from CoinWarz shows that the Bitcoin difficulty climbed to 113.76 trillion at block 889,081 on March 23, up from the 112.1 trillion difficulty in the previous epoch. According to TheMinerMag, a hashprice below $50 places financial stress on miners running older hardware such as the Antminer S19 XP and S19…

Pakistan Crypto Council proposes using excess energy for BTC mining

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Bilal Bin Saqib, the CEO of Pakistan’s Crypto Council, has proposed using the country’s runoff energy to fuel Bitcoin (BTC) mining at the Crypto Council’s inaugural meeting on March 21. According to an article from The Nation, the council is exploring comprehensive regulatory frameworks for cryptocurrencies to attract foreign direct investment and establish Pakistan as a crypto hub. The meeting included lawmakers, the Bank of Pakistan’s governor, the chairman of Pakistan’s Securities and Exchange Commission (SECP), and the federal information technology secretary. Senator Muhammad Aurangzeb had this to say about…

Pakistan eyes surplus power use for crypto mining: report

Pakistan is developing special electricity tariffs to attract cryptocurrency mining operations as part of a strategy to use the country’s surplus power generation capacity. According to a report by Dawn, the Power Division is consulting with various stakeholders to create attractive electricity rates for these industries without introducing subsidies. The initiative plans to use excess power production while reducing capacity payments. This approach could appeal to cryptocurrency miners, who generally spend 60-70% of their earnings on electricity costs. Pakistan’s current surplus electricity situation offers potential competitive advantages. Power Minister Awais…

SEC issues guidance on proof-of-work mining and securities regulations

The U.S. Securities and Exchange Commission’s Division of Corporate Finance has released new guidance on Proof-of-Work mining, clarifying how federal securities laws apply to crypto mining activities.  The statement outlines the SEC’s stance on “protocol mining” and concludes that PoW mining activities do not constitute securities transactions. The SEC explains that Proof-of-Work networks operate as public, permissionless systems where miners validate transactions and maintain network security through computational efforts. It introduces the term “Covered Crypto Assets” for tokens earned from PoW mining and refers to the process itself as “Protocol…

Foundry, Antpool, and Viabtc Dominate Bitcoin Mining: Here’s Why

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Bitcoin mining pools Foundry, Antpool, and Viabtc collectively command over 65% of the network’s global hashrate, amplifying their dominance through scale, competitive fee models, and tailored incentives for participants. What Are Mining Pools? Collaborative mining pools aggregate computational resources from individual miners to enhance block discovery odds, distributing rewards based on contributed hashpower. As of […] Original

Game Theory at Play? Speculation Grows Over US Military’s Bitcoin Mining Interest

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In the wake of U.S. President Donald Trump’s establishment of a Strategic Bitcoin Reserve (SBR), speculation has emerged regarding potential Department of Defense (DoD) initiatives to engage in cryptocurrency mining. Is the DoD Entering the Bitcoin Mining Arena? An X Post Sparks the Discussion On March 17, Michelle Weekley, an executive at cryptocurrency enterprise Byte […] Original

Bitcoin Miner Bitfarms Completes Acquisition of Stronghold Digital Mining

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Bitfarms Ltd. has finalized its acquisition of Stronghold Digital Mining, Inc., marking an expansion of its U.S. operations and energy capabilities. The deal strengthens Bitfarms’ position in the PJM market and advances its high-performance computing (HPC) and artificial intelligence (AI) initiatives. Bitfarms Advances HPC/AI Strategy with Stronghold Acquisition The acquisition increases Bitfarms‘ energy portfolio to […] Original