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…