Mining
Los Angeles Police Department detectives recovered more than $3.9 million in stolen goods, including $2.7 million in Bitcoin miners, after tracking down a cargo theft ring at a warehouse in San Pedro, California. LAPD Cargo Theft Squad operatives, working with Port…
Kuwait's Ministry of Interior (MoI) has issued a statement stressing that cryptocurrency mining is illegal in the country and does not require a license. Kuwait's Ministry of Electricity, Water and Renewable Energy officials indicated that there are more than 1,000 cryptocurrency…
Pakistan has become the latest country to consider mining cryptocurrency using surplus electricity amid an economic crisis that has reduced demand for electricity in the South Asian nation. The new initiative is being led by the newly formed Pakistan Cryptocurrency Council,…
GoMining's Bitcoin mining game Miner Wars updated its features on Tuesday, introducing newbie-friendly “welcome packages” and a “clan league” option for competitive users, increasing GameFi's real-world Bitcoin mining capabilities. GoMining reports that since the launch of Miner Wars in September, the…
Cryptocurrency mining company Bitdeer recently raised $60 million in funding to expand its production of ASIC devices designed for Bitcoin mining and strengthen its DIY mining operations. This comes amid increasing competition in the space. The investment comes in a context…
Some participants in the Bitcoin (BTC) mining market have a habit of systematically understating the value of mining equipment shipments to U.S. Customs and Border Protection (CBP) in order to reduce customs duties, multiple sources familiar with the practice told CoinDesk.…
With import duties reaching 46% and capital being funneled into low-risk Bitcoin assets via ETFs, miners are facing increasing constraints on both costs and funding. Bitcoin (BTC) miners in the US face two significant challenges: rising hardware prices due to import…
After reaching an all-time high of 926 exahashes per second (EH/s) and increasing difficulty by 1.42% to 123.23 trillion, the network has lost around 52 EH/s since April 17. Increased difficulty and decreased hashrate lead to increased block times Bitcoin's computing…
Bitcoin miners will face the lowest margins since 2023 as the cost of hashrate approaches critical breakeven levels, according to Wolfie Zhao, head of research at theminermag.com. The study found that Trump's tariffs are increasing uncertainty among miners already struggling due…
Canadian Bitcoin mining company HIVE Digital has completed construction of its main facility in Paraguay with the goal of achieving 25 EH/s capacity by fall 2025. Shares of HIVE Digital rose 2% in pre-market trading on April 21 after the bitcoin…
Listed Bitcoin mining companies began liquidating their BTC again in March, a significant change from the strong HODL trend in previous months. This marks the highest level of monthly liquidations since October 2024. Brief overview Bitcoin Mining Firms Resume Selling Their…
Bitcoin (BTC) mining is the next sector to feel the impact of the tariff war between the US and China. Miners are looking for alternatives as the status of ASICs and mining equipment remains uncertain. Bitcoin mining is responding to the…