Mining
Canaan Inc. said Wednesday that its subsidiaries have signed contracts to expand their mining operations at sites in Pennsylvania and Texas, adding approximately 4.7 exahashes per second (EH/s) to its computing power. Canaan sees growth in the US from mining operations…
What happens when a rural community in Africa produces more electricity than it can consume? Can Bitcoin miners turn excess hydropower into a source of financial support for local economic revival? Table of contents Zengamina's Fading Vision Finds a Spark Meshless…
Canaan Inc. reported revenue of $269.3 million for 2024, with bitcoin mining revenue up 312% year-over-year to $44 million. The company also expanded its North American mining operations, signing new contracts in Pennsylvania and Texas that will add 4.7 EH/s of…
While the costs of Bitcoin mining can be significant, the return on investment (ROI) is even more attractive for larger companies with powerful mining rigs. Therefore, an individual crypto investor should understand the mechanics of mining before diving into the sector.…
Bitcoin's hashrate has been steadily increasing; over the past five days, the network has added 40 exahashes per second (EH/s), reaching 836 EH/s, which puts it close to the protocol's all-time high. Additionally, as the price of Bitcoin has risen, the…
A new Coin Metrics network health report shows that Bitcoin miners are on the brink between stabilized revenues and continued fee pressure following the halving, which requires upgrading hardware and using renewable energy sources amid geopolitical risks in supply chains. Tariffs…
NYDIG has announced its intention to acquire Crusoe’s Bitcoin mining business, including its Digital Flare Mitigation (DFM) division. The deal is subject to regulatory approvals, customary clearances, and final closing. Upon completion of the transaction, approximately 135 Crusoe employees will join…
Highlights of History Pakistan plans to use excess electricity for Bitcoin mining to minimize energy waste. Unlike other nations, Pakistan is looking to channel its excess electricity into cryptocurrency mining. Pakistan may develop a legal framework to legally support Bitcoin mining.…
A solo Bitcoin miner earned a massive reward on Friday morning after mining a block without the support of a mining pool, earning $266,000 in the process. But how realistic is this success? On Friday, an unknown miner processed Bitcoin block…
Mining pools Foundry, Antpool, and Viabtc collectively control over 65% of the global network hashrate, leveraging their influence through scale, competitive fees, and personalized incentives for participants. What are mining pools? Merged mining pools aggregate the computing power of individual miners…
According to a February 2025 report by TheMinerMag, Bitcoin miners are once again under financial pressure as declining transaction fees and falling hashrate prices lead to increased operating costs. Bitcoin’s hashrate increased by 3.8% in February to 810 EH/s, indicating that…
American miners have reached a new record, controlling 30% of the Bitcoin hashrate. Their increased share could change the dynamics of the Bitcoin network. This growing dominance could impact Bitcoin's decentralization. For the first time in history, US-based Bitcoin miners now…