IMF Flags Concern Over Pakistan’s Bitcoin Mining Plan
The International Monetary Fund (IMF) has raised concerns over Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining...
Mining
Theminermag Bitcoin Mining Update: April/May 2025
This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research...
VanEck proposes mining royalty to fill US strategic Bitcoin reserve in a budget-neutral way
VanEck head of digital assets research Matthew Sigel called on US lawmakers to attach a royalty to domestic Bitcoin (BTC)...
Hashpower Hot Zones: North America, Eurasia, and Latin America Lead Bitcoin’s Hashrate Race
At press time, the Bitcoin network hashrate is cruising along just above the 900 exahash per second (EH/s) range and...
Pakistan to allocate 2,000 MW for Bitcoin mining and AI data centers
Pakistan will allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence (AI) data centers.According to a Bloomberg report,...
Pakistan allocates 2,000MW power for Bitcoin mining and AI centers
Pakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers.The move is part of...
Compass Mining, Synota Redirect Bitcoin Hashrate to Fund Energy and Healthcare Initiatives
Compass Mining has partnered with Synota’s “Impact Mining” initiative to redirect a portion of bitcoin mining revenue toward subsidizing energy...
Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining
Michigan lawmakers have introduced four crypto-related bills covering crypto mining, central bank digital currencies (CBDCs) and crypto in state retirement...
Behind-the-Meter Bitcoin Mining: Sangha Renewables Breaks Ground on 20 MW Texas Site
Sangha Renewables is turning West Texas sunshine into bitcoin, breaking ground on a 20 MW mining facility powered by solar...
Bitfarms clocks loss amid AI pivot
Bitfarms clocked a first-quarter net loss of $36 million, widening from a $6 million loss in the same period a...
Bitcoin Mining Stocks Continue Rally as Applied Digital Leads Friday’s Gains
Bitcoin-mining stocks closed higher Friday, with Applied Digital Corporation jumping 22.18% to top the leaderboard. Bitcoin Miners Rally as Volatility...
Bitdeer clocks declining year-over-year revenues in Q1
Bitdeer Technologies Group reported a 41% year-over-year drop in revenue to $70.1 million for the first quarter of 2025, the...
Canadian Bitcoin Miner POW.RE to Acquire Swiss Firm Block Green
Canadian bitcoin mining firm POW.RE Holdings Limited announced plans to acquire Swiss bitcoin liquidity protocol Block Green AG in a...
Paraguay law enforcement thwarts crypto miner heist, deports arrested suspects
Authorities in Paraguay deported three individuals and arrested another in connection with a May 15 attempted robbery at a crypto...
Paraguay deports three undocumented immigrants after crypto mining theft attempt
Paraguayan law enforcement has deported three individuals and arrested another for attempting to steal crypto miners at a facility near...
Phoenix Group Boosts Ethiopia Bitcoin Mining Capacity to 132 MW
Phoenix Group has expanded its Bitcoin mining operations in Ethiopia, securing an additional 52 megawatts, bringing its total capacity there...
Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M
Bitfarms reported $2.1 million in net financial income for the first quarter of 2025, a sharp decline from $11.4 million...
Trump-linked miner American Bitcoin going public via Gryphon merger
Bitcoin mining firm American Bitcoin is going public through a merger with crypto mining company Gryphon Digital Mining, the companies...
Blockstream Spins out Mining and ASIC Divisions in Major Restructuring Effort
The bitcoin-focused technology firm closed a $210 million funding round led by Fulgur Ventures last October and is now implementing...
Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss
Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year.According to Hut8’s latest...
Terengganu Police Dismantle Bitcoin Mining Syndicate in Electricity Theft Crackdown
Terengganu police and Tenaga Nasional Berhad (TNB) dismantled a syndicate accused of stealing electricity to power illegal bitcoin mining operations...
TeraWulf Q1 loss widens amid rising costs, falling revenue
Mining firm TeraWulf reported a net loss of approximately $61.4 million in its earnings for the first quarter of 2025,...
