News

The Bitcoin network’s hashrate experienced a slight increase in the first half of May, indicating that miners are beginning to stabilize their operations following the recent halving event. According to recent market analysis, the uptick suggests that the mining ecosystem is adapting more efficiently than some had anticipated. The modest rise in hashrate reflects renewed […]

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Bitcoin’s rally past $102,000 has delivered a significant windfall to miners, with average profit margins surging to an estimated 182%. The sharp increase in revenue comes at a crucial time, just weeks after the network’s most recent halving, which reduced block rewards and challenged operational sustainability. Despite the halving cutting block rewards from 6.25 to

Bitcoin mining firms in New York State are increasingly acquiring power plants to secure stable electricity sources, raising both strategic and environmental questions. In a region known for progressive climate policies, the growing trend of miners purchasing fossil fuel and natural gas facilities has reignited debate over the energy-intensive nature of digital asset production. These

Bitcoin’s global hashrate has surged to a new record high, reflecting increased confidence and investment from miners riding the current wave of price momentum. The rise in computational power securing the Bitcoin network comes as the asset continues to trade near multi-month highs, boosting profitability and encouraging expansion. The hashrate, a key indicator of network

Marathon Digital Holdings, one of the largest publicly traded Bitcoin mining companies, has reported a net loss of $533 million in the first quarter of 2025—despite holding a record number of Bitcoins on its balance sheet. The financial results reflect a challenging quarter for miners navigating a post-halving environment with increased operational costs and fluctuating

A publicly traded coal company has quietly ventured into the Bitcoin mining industry, revealing an unexpected crossover between traditional energy production and the digital asset economy. While the firm’s core business remains coal extraction and power generation, recent disclosures show it is now operating Bitcoin mining equipment on-site, using its own energy output to power

Phoenix Group, a rapidly growing name in the global crypto mining industry, has expanded its operations in Ethiopia by adding 52 megawatts of new mining capacity. The move signals a strategic push into energy-rich, underdeveloped regions where infrastructure investment can benefit both the company and the local economy. The expansion reflects Phoenix Group’s broader strategy

A new industry report forecasts that Bitcoin’s total network hashrate could surpass the historic milestone of one zettahash per second by July 2025. If achieved, this would mark a major technological and operational leap for the world’s largest cryptocurrency network. The expected surge in computing power is attributed to several factors, including the rollout of

Officials in an Arkansas city have ordered the shutdown of a cryptocurrency mining facility following a wave of complaints from local residents about noise pollution and zoning violations. The move reflects growing tensions between the fast-expanding crypto mining industry and the small communities where operations often seek to set up. The city council cited multiple