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Bitcoin News

Greenidge, N.Y. Bitcoin-Mining Site Catches Fire, Operations Temporarily Halted After Electrical Switchgear Failure

A major US Bitcoin miner, Greenidge Generation Holdings, reported a fire at one of its primary facilities on Sunday in Dresden, New York, forcing...
Crypto News

CleanSpark (CLSK) Share Price Drops By 4% Despite A Filing To Offer $1B Convertible Notes Offering, With $200M Overallotment Option

CleanSpark, Inc. (Nasdaq: CLSK) shares fell sharply on Tuesday after the bitcoin-mining company disclosed plans for a potential $1 billion private offering of convertible...
Crypto Investment News

Bitcoin Mining Firm Canaan Scores $72M Strategic Equity Investment From Brevan Howard’s BH Digital, Galaxy Digital & Weiss

Canaan Inc., a bitcoin mining company, has received a $72 million strategic investment from BH Digital, a branch of Brevan Howard, as well as...
Crypto Mining News

U.S. Senator Brandon Smith Faces Lawsuits Over Bitcoin Mining Firm Contract Disputes

Kentucky State Senator Brandon Smith (R-Hazard) is dealing with increasing legal issues related to a Bitcoin mining repair company he co-founded in Letcher County...
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...
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