Tag: Mining

Iran’s Crypto Mining Sector Hit Hard, Hashrate Drops Nearly 80%

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Sealminer A4 Series Debuts as Bitdeer Hits New Bitcoin Mining Efficiency Record – Mining Bitcoin News

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Key Takeaways: Bitdeer launched the Sealminer A4 Ultra Hydro on April 7, 2026, hitting 9.45 J/TH efficiency, among the best figures in the industry. The A4 series, powered by Bitdeer’s SEAL04 chips, improves on the A3 series’ 12.5 J/TH, cutting power costs for miners facing tight post-halving margins. BTDR shares gained approximately 2.8% on launch day, with no shipment dates or pricing disclosed yet. Sealminer A4 Ultra Hydro Delivers 886 TH/s at 9.45 J/TH for Bitcoin Miners The Singapore-based company released the A4 lineup through its Sealminer brand, the in-house…

Bitcoin Difficulty Climbs 3.87% as Hashrate Slips and Next Cut Looms – Mining Bitcoin News

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Key Takeaways: Bitcoin difficulty rose 3.87% at block 943488 as hashrate fell 60.45 EH/s; a 15.73% cut is projected. Miners face $30.67 PH/s hashprice and 0.56% fees, pushing firms toward AI over BTC mining. Bitcoin network nears April 19, 2026, adjustment as slower 11:51 blocks signal easing difficulty ahead. Bitcoin Mining Tightens The Bitcoin network has logged a total of seven adjustments this year, comprising three increases and four decreases. The most recent reduction, two weeks ago, was sizable, arriving after consecutive gains of 14.73% and 0.45% across the prior…

Bitcoin Mining Not As Globally Decentralized As It Appears — Here’s Why

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Bitcoin is often celebrated as a decentralized network, with mining power distributed globally to ensure security and neutrality. However, a closer look at mining activity suggests that this decentralization may not be as evenly distributed as it appears. While individual theories can participate in mining, the majority of the network’s hash power is concentrated among a relatively small number of large mining pools and geographic regions. Why Bitcoin’s Mining Distribution Deserves A Closer Look Bitcoin mining is not as globally decentralized as many assume. Analyst Lucky revealed on X that…

Why MARA Just Laid Off 15% of Its Staff – Mining Bitcoin News

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Internal Restructuring Bitcoin mining giant MARA, formerly Marathon Digital Holdings, has laid off roughly 15% of its workforce as part of a sweeping strategic shift away from pure-play crypto mining and toward energy and digital infrastructure services. According to a report by Blockspace, the layoffs affected full-time staff across multiple departments and may have included contractors. Anonymous sources cited in the report described the cuts as “going deep,” with some entire teams reportedly eliminated. The reductions occurred in rounds over two consecutive days. In a memo to employees, CEO Fred…

Riot Platforms Sells 3,778 Bitcoin in Q1 2026, Raising $289.5 Million for Data Center Expansion – Mining Bitcoin News

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Riot Platforms Q1 2026 Update The Texas-based bitcoin miner and data center developer (Nasdaq: RIOT) sold more than 2.5 times the 1,473 BTC it produced during the quarter. The company described the sales as routine treasury management to generate fiat liquidity for operational and capital expenses. Riot’s bitcoin holdings fell to 15,680 BTC by quarter’s end, down 18% from 19,223 BTC held at the close of Q1 2025. Of the current holdings, 5,802 BTC are restricted. Riot has consistently converted portions of its mined bitcoin to fund electricity costs, hardware…

Luxor Ships Commander Software to Optimize Bitcoin Mining Fleet Profitability – News Bytes Bitcoin News

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Seattle-based Luxor Technology Corporation launched Commander on April 1, 2026, to provide bitcoin mining operations with real-time fleet monitoring and remote command capabilities. The software integrates natively with the company’s existing ecosystem, which currently manages over 1 GW of data center compute and mining power. This full-stack infrastructure consolidation allows operators to manage pools, firmware, and energy derivatives through a single vendor. The platform features the Intelligent Miner algorithm, which evaluates market conditions every five minutes to boost profitability by 8% to 14% compared to standard curtailment. The software is…

Cango Secures $75M in Fresh Capital to Expand Ecohash AI Computing Platform – Mining Bitcoin News

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U.S.-Listed Bitcoin Miner Cango Closes $75M Financing Round for AI Expansion The $65 million equity placement was purchased by entities controlled by Chairman Xin Jin and Director Chang-Wei Chiu. The transaction issued 49,242,424 Class A ordinary shares, with proceeds settled in USDT. The deal fulfilled definitive agreements the company announced Feb. 12, 2026, and closed as scheduled. On April 1, Cango (NYSE: CANG) executed a separate convertible note with DL Holdings Group Limited (HKEX: 1709), a Hong Kong-listed financial services group, for $10 million in principal. The note carries no…

US Senators Float Reserve-Backed Bitcoin Mining Bill, Raising Nationalization Prospect

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Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act on March 30, 2026, a bill that would establish a voluntary federal certification program for domestic Bitcoin mining facilities, codify the Strategic Bitcoin Reserve into statute, and create a direct Treasury procurement channel through which certified miners sell newly mined BTC to the federal government in exchange for a capital gains tax exemption. The legislation, which carries no new fiscal authorizations, designates the Department of Commerce as the administering certifying body and directs the National Institute of Standards…