Bitcoin miner Hut 8 has announced plans to develop four new sites across the United States, adding 1.53 gigawatts (GW) of utility capacity to its platform. Key Takeaways: Hut 8 is developing four new U.S. sites, adding 1.53 GW of capacity. The expansion will more than double its managed capacity to 2.5 GW across 19…
With the passage of several cryptocurrency-friendly bills, Bitcoin (BTC) has once again established its status as “digital gold,” with its price hitting new highs and attracting the attention of many investors. However, as investors’ confidence in the traditional “hold and wait” strategy gradually fades, how to use BTC to create a stable cash flow has…
Galaxy Digital has secured a $1.4 billion loan to repurpose its Helios Bitcoin mining center into an artificial intelligence data center. This move aligns with the digital asset management firm’s long-term deal with the Graphics Processing Unit (GPU) provider CoreWeave Inc. Loan Facility To Cover 80% Of Data Center Project On Friday, August 15, Galaxy…
Kazakhstan authorities have dismantled an illicit electricity supply scheme worth an estimated $16.5 million that powered cryptocurrency miners in violation of national regulations. Key Takeaways: Kazakh authorities shut down a $16.5M illegal power scheme. Mining firms received over 50 megawatt-hours of electricity in violation of rules. Kazakhstan is tightening mining regulations while advancing plans for…
The Public Utility Commission (PUC) of Texas has taken the unusual step of suing state Attorney General Ken Paxton in an effort to block the release of cryptocurrency mining data, arguing that public disclosure could endanger the state’s energy grid. Key Takeaways: Texas’s utility regulator is suing the state attorney general to block the release…
France’s far-right Rassemblement National party has proposed using surplus nuclear energy to mine Bitcoin, which marks a dramatic reversal from Marine Le Pen’s 2016 promise to ban virtual currencies. According to Le Monde, the plan involves installing mining computers at state-owned EDF nuclear facilities to generate Bitcoin from excess reactor capacity, positioning the far-right as…
Bitcoin’s mining infrastructure has evolved into an energy-consuming giant, requiring over 33 gigawatts of power to maintain block production even as network transaction activity drops to its lowest point in nearly two years, according to a recent analysis from GoMining Institutional. The GoMining Q2 2025 analysis indicates that Bitcoin’s mining power consumption surged from 15.6…
Bitcoin mining giant MARA Holdings reported second-quarter earnings that comfortably beat Wall Street expectations, delivering $238 million in revenue, up 64% year-over-year and above analysts’ forecast of $223.7 million. Key Takeaways: MARA beat Q2 estimates with $238M in revenue and $808M in net income. Its BTC holdings hit 50,000+, worth $5.87B, making MARA the second-largest…
Iranian officials have raised concerns over the rising strain crypto mining is placing on the nation’s electricity grid, claiming that the activity now contributes to as much as 20% of the country’s energy imbalance. Key Takeaways: Iranian officials say crypto mining now contributes up to 20% of the country’s electricity shortfall. Over 900,000 illegal mining…
Chinese Bitcoin mining rig manufacturer Bitmain is considering a phased strategy to establish its first US factory soon. The company would also officially set up a new headquarters in either Texas or Florida, Bloomberg reported. In the first phase, Bitmain intends to recruit about 250 local employees for manufacturing and site-level maintenance units. According to…