Mining
MARA Holdings, Inc. (NASDAQ: MARA) reported first quarter 2025 financial results, reporting revenue of $213.9 million, up 30% from the first quarter of 2024. The company continues its transformation into a major player in digital energy and infrastructure. “Revenue increased 30%…
This week, Phoenix Group PLC reported revenue of $31 million for the first quarter of 2025 and progress toward 500 megawatts (MW) of global bitcoin mining capacity, including a new 20 MW facility coming online in Texas. Phoenix Group aims to…
Get ready for the latest news from the Bitcoin mining space! MARA Holdings , a major player formerly known as Marathon Digital, recently released its April operating report, which contains some interesting information for anyone following the crypto market or interested…
In the heart of Pennsylvania's Elk County , a natural gas- powered cryptocurrency mining initiative has sparked significant controversy and environmental concerns. Diversified Energy , the company behind the project, has come under scrutiny from both government and environmental groups for…
Canadian Bitcoin mining company Hive Digital Technologies has decided to invest heavily in Latin America , choosing Paraguay as a long-term strategic partner. According to Aydin Kilic , President and CEO of Hive, Paraguay is an ideal combination of geopolitical stability…
In a development that may have surprised many observers, Cango Inc., a company known for its automotive services, has rapidly become a prominent player in the cryptocurrency mining space. This strategic move highlights a growing trend of companies across multiple sectors…
A recent Cambridge study confirms that the United States now dominates global Bitcoin mining, raising questions about China’s possible response. While the country has long had anti-cryptocurrency policies, Chinese mining pools have historically controlled a significant portion of the global Bitcoin…
Investment bank Compass Point cut its rating on MARA Holdings (MARA) shares to “sell” from “neutral” on Tuesday, citing volatile cash burn. “There are better ways to acquire BTC beta,” the analysts wrote in a research note, citing Marathon’s hash price,…
US Bitcoin mining company CleanSpark has released its unaudited results for April 2025, confirming its resilience in both its operating performance and strategic positioning ahead of a major hashrate milestone. In April 2025, CleanSpark produced 633 bitcoins, contributing to a total…
Benchmark analyst Mark Palmer suggests that Singapore-based Bitcoin mining chip and ASIC maker Canaan (CAN) has had a tough time but has the potential to grow fivefold. Palmer began coverage of the ADR last Tuesday with a “buy” rating and a…
Despite the uncertainties in the macroeconomic environment, Bitcoin miners are showing confidence in future growth as their stable reserves indicate faith in the market's further development. In a recent research report, analysts at Bitfinex Alpha noted that Bitcoin (BTC) miners have…
Riot Platforms (NASDAQ: RIOT) produced 463 bitcoin in April 2025, down 13% from March but up 23% year-over-year, according to its latest unaudited monthly production and operations report. The company also sold 475 bitcoin, generating net revenue of $38.8 million at…