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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 of tapping into emerging markets with abundant electricity resources, often sourced from renewable hydropower. Ethiopia, in particular, has become increasingly attractive to miners due to its access to low-cost energy and growing openness to digital asset infrastructure. Company officials emphasized that the additional capacity will support Bitcoin mining operations using state-of-the-art equipment optimized for energy […]

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 next-generation mining hardware, expansion of large-scale mining farms, and continued investment in energy-efficient infrastructure. Newer mining rigs with higher performance and lower energy consumption are rapidly replacing older equipment, helping to drive the overall network strength upward. Industry analysts note that reaching the zettahash era represents not just a symbolic achievement, but also an important

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 breaches of zoning regulations, arguing that the mining site was operating in areas not designated for heavy industrial activity. Additionally, residents had long complained about the persistent noise generated by the mining equipment’s cooling systems, which some described as comparable to the constant hum of jet engines. While the mining company had reportedly made attempts

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 immediate beneficiaries of Bitcoin’s price jump. With mining rewards now more valuable, stock valuations for key players in the sector have rallied strongly. The boost comes at a critical time, as many miners recently weathered post-halving pressure and were seeking relief through improved market conditions. Crypto exchanges are also enjoying renewed momentum, with trading volumes

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 once again slashed block rewards by 50%, intensifying competition and squeezing profit margins across the industry. Smaller or less efficient operations are likely to be forced out, while larger, better-capitalized players are seizing the moment to consolidate power and scale up operations. At the same time, advancements in hardware efficiency and a global shift toward

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 Digital’s broader effort to diversify its mining operations and tap into regions with abundant, low-cost renewable energy. Paraguay, known for its surplus hydropower thanks to the Itaipú and Yacyretá dams, offers an ideal environment for energy-intensive industries like Bitcoin mining. The fully operational site not only enhances Hive’s total global capacity but also strengthens its

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 entangled in geopolitical tension and opaque compliance standards—American firms are emerging as more attractive, transparent alternatives for capital deployment. The company at the center of this funding round is expanding its capacity aggressively, aiming to secure a larger share of the global hash rate. With new funds in hand, it plans to acquire next-generation mining