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 acquisitions allow mining companies to bypass traditional energy markets and operate with greater autonomy over electricity prices and supply. For the miners, owning generation infrastructure offers a competitive edge—especially as energy costs fluctuate and demand for computing power continues to grow. Critics argue, however, that this trend could undermine New York’s climate goals. Despite a […]

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 security and miner activity, hit unprecedented levels as major mining firms brought new hardware online and smaller operators returned to the field, drawn by stronger revenues following recent price increases. This uptick suggests a renewed mining arms race, with companies scaling operations to capture greater block rewards and transaction fees. The deployment of more efficient

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 crypto market conditions. While the company significantly boosted its Bitcoin reserves to new all-time highs, the unrealized losses on those holdings—driven by short-term price swings—contributed heavily to the overall deficit. Marathon’s executive team emphasized that the majority of the reported loss was non-cash and accounting-based, rather than the result of reduced productivity or operational underperformance.

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 the machines. This strategic move allows the company to monetize surplus electricity and improve margins on underutilized energy infrastructure. By converting excess power directly into Bitcoin, the company sidesteps energy market volatility and creates a new revenue stream independent of coal pricing or electricity sales. Although the firm has not actively promoted its involvement in

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