Mining
Cryptocurrency analytics firm Alphractal has released a report addressing growing concerns in the Bitcoin mining sector, highlighting historical indicators, industry pressures, and the changing competitive landscape that could reshape the industry by 2025. According to Alphractal, key metrics show that Bitcoin…
Bitdeer, a U.S. bitcoin mining firm announced an increase in its bitcoin holdings to 833 BTC, reflecting a 28 BTC gain from the previous week. The latest update, confirmed on Feb. 14, excludes customer deposits, emphasizing the company’s growing reserves amid…
US-based crypto miners are facing delays in receiving ASIC mining hardware due to intensified scrutiny of shipments from China’s Bitcoin, the dominant supplier of Bitcoin (BTC) mining rigs. As Bloomberg News reported, industry executives said shipments of Bitmain machines have been…
U.S. Customs and Border Protection are reportedly seizing Bitcoin mining rigs. Among several promises made to the crypto industry on the campaign trail, President Donald Trump emphasized that he wanted Bitcoin to be “made in the USA.” But the U.S.’s desire…
U.S. crypto miners relying on Bitmain hardware are seeing shipment delays as customs officials increase scrutiny amid trade tensions. Crypto mining firms in the United States are facing delays in getting new equipment as customs officials tighten checks on shipments from…
US Customs and Border Protection (CBP) has conducted an enforcement action to seize Bitcoin mining application-specific integrated circuits (ASICs) at US port entry points after receiving direction from the Federal Communications Commission (FCC). The crackdown expanded to include machines produced by…
On Wednesday, bitcoin mining company Riot Platforms said it is exploring partnerships in the artificial intelligence and high-performance computing sector as it aims to shore up its business and generate sustainable revenue streams. The NASDAQ-listed company said it would ramp up…
Auradine’s latest bitcoin miner, a U.S.-designed ASIC chip, is making waves in the mining hardware market after tests demonstrate an efficiency comparable to Bitmain’s leading miner. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on…
Phoenix Group reported $107 million in Bitcoin mining revenue for 2024, more than a 230% jump from 2023. Cryptocurrency miner Phoenix Group saw its mining revenue surge 236% in 2024, reaching $107 million as it expanded operations and navigated industry challenges,…
The publicly listed Wall Street Bitcoin (BTC) miner HIVE Digital Technologies (NASDAQ: HIVE) reported fourth-quarter revenue of $29.2 million and adjusted EBITDA of $17.3 million. While the numbers are slightly lower than in the same period a year ago, the company…
An entire Bitcoin block was apparently produced by a solo miner earlier this Monday. The miner earned a reward of 3.125 BTC (roughly $303,500 at current prices). Bob Burnett, founder, and CEO of Barefoot Mining, believes that the block was also…
Bitcoin’s computational difficulty leaped by 5.61% at block height 883,008, catapulting its measure to a historic peak of 114.17 trillion, as per the latest network analytics. Miners Brace for Heightened Challenge as Difficulty Spikes Following the successful mining of block 883,008,…