News

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

Bitcoin has broken past the $91,000 mark, setting a new milestone and sparking a ripple effect across the broader digital asset ecosystem. As the flagship cryptocurrency climbs, companies closely tied to crypto infrastructure—including miners, exchanges, and corporate holders—are seeing renewed investor enthusiasm and sharp upticks in share prices. Major mining firms have been among the

Despite current headwinds in the cryptocurrency market, Bitcoin mining is entering a critical phase of evolution—one that combines short-term strain with long-term strategic promise. Industry leaders and analysts suggest that while miners may be feeling the pinch from reduced rewards and increased costs, the future of mining remains fundamentally optimistic. The recent halving event has

Hive Digital has officially launched a major new Bitcoin mining operation in Paraguay, marking a strategic expansion into Latin America’s growing crypto infrastructure landscape. The new facility, with a capacity of 100 megawatts, positions the company among the most significant players in the region’s digital asset mining sector. This move comes as part of Hive

A major US-based Bitcoin mining firm has successfully raised fresh capital, taking advantage of favorable conditions while many of its Chinese rivals remain hamstrung by regulatory restrictions and export barriers. This new influx of funding highlights a shifting dynamic in the global crypto mining sector. With Western investors increasingly cautious about exposure to Chinese operations—often