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Tag: Bitcoin Mining

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Crypto News

Google Purchases 5.4% Stake In Crypto Mining Company Cipher, Inks A $3B AI Hosting Pact

Cipher Mining and Fluidstack agreed on a 10-year deal for AI hosting that will see Cipher deliver 168 MW of critical IT load at...
Crypto News

Bitcoin Mining Firm’s Ex-CEO Pleads Guilty After $62.7M Loss In Ponzi That Hit 90,000 Investors, Faces 40 Year Prison Term

Ramil Ventura Palafox, 60, pleaded guilty yesterday to wire fraud and money laundering for running a global Ponzi scheme that took money from more...
Bitcoin News

Bitcoin Mining In Ethiopia Costs $20,000 Per Coin Due To Abundant Hydropower: Report

Ethiopia has quickly emerged as a viable place for Bitcoin mining, utilizing its extensive hydro-power resources to entice Bitcoin miners from around the world.  As...
Bitcoin News

Cango Reports Strong Q2 2025 Results With $139.8M Revenue As Bitcoin Mining Expansion Drives Growth

Cango Group announced its earnings on Thursday, and for the second quarter of 2025, the Bitcoin mining company seems to have made tremendous progress...
Bitcoin News

United Arab Emirates Amasses $700 Million In Bitcoin Via Citadel Mining Company Backed By Royal Group

The United Arab Emirates has been identified as one of the largest government-level holders of Bitcoin, with around 6,333 BTC worth over $700 million.  According...
Crypto News

CleanSpark Disputes $185M Tariff Claim Over Imported Bitcoin Mining Equipment

CleanSpark has revealed that it could face up to $185 million in tariffs after U.S. Customs and Border Protection alleged that some of its...
Bitcoin News

British Energy Firms Union Jack Oil and Reabold Resources to Repurpose Unused Natural Gas for Bitcoin Mining

On August 7th, in a groundbreaking move, British energy companies Union Jack Oil and Reabold Resources announced plans to repurpose unused natural gas from...
Crypto News

France’s National Rally Plans Bitcoin Mining Bill Using Nuclear Power

France’s far-right party, the National Rally, has revealed a draft bill that would utilise the country’s surplus nuclear energy for Bitcoin mining.  The proposal aims...
Bitcoin News

Bitcoin Mining Firm Mawson Fires CEO Amid Serious Fraud and Fiduciary Breach Allegations

Mawson Infrastructure, a Bitcoin hosting and mining company, unexpectedly terminated CEO and President Rahul Mewawalla due to serious fraud and breach of fiduciary duty...
Bitcoin News

Singapore-Based Cloud Bitcoin Miner BitFuFu Achieves Record-Breaking Monthly Output with $48.2M Worth of BTC Mined

BitFuFu, the Singapore cloud Bitcoin mining company, just had its best month this year, really putting itself on the map in the mining world. Last...
Crypto News

IMF Rejects Pakistan’s Proposal to Use National Energy Resources for Large Bitcoin Mining Operations, Here’s Why?

The International Monetary Fund (IMF) has officially turned down Pakistan’s proposal to offer subsidised electricity tariffs for large-scale Bitcoin mining operations.  The announcement was made...
Bitcoin News

Bitcoin Mining Giants Reveal Q3 Earnings, Total BTC Holdings Reach 12,898

Hut 8 (HUT) demonstrated robust financial growth in the third quarter of 2024, reporting revenue of $43.7 million, which fell slightly short of expectations...
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