Tagged: mining

October 28, 2026 @ 8:36 am By Omar Faridi  |  

Seattle-based Luxor Technology, a provider of full-stack infrastructure services originally built around Bitcoin mining, has closed a $16 million strategic funding round led by CMT Digital. The investment, which mixes newly issued preferred equity with secondary sales of existing shares (a combination of preferred and… Read More

September 27, 2026 @ 2:44 pm By Omar Faridi  |  

Hut 8 (NASDAQ: HUT) has been designated the winning bidder for two West Texas campuses formerly used by Poolin, according to filings in Poolin’s Chapter 11 cases. The proposal is valued at $140 million in cash and other consideration for the Pyote and Tarbush sites…. Read More

September 16, 2026 @ 9:24 pm By Omar Faridi  |  

Mexican federal and state investigators have shut down a concealed cryptocurrency mining site in the mountains of Puebla, seizing hundreds of specialized computers while examining whether the facility stole electricity and helped disguise illicit funds. The property was secured in Tlaola, a remote municipality in… Read More

August 24, 2026 @ 10:40 pm By Omar Faridi  |  

A recent academic analysis indicates that elevated carbon pricing within the European Union could be redirecting greenhouse gas emissions linked to cryptocurrency mining toward Russia. This dynamic represents a form of carbon leakage that current EU policy tools struggle to address effectively. The research examines… Read More

August 24, 2026 @ 8:32 pm By Omar Faridi  |  

Tether’s Bitcoin mining venture in Uruguay has come to an abrupt end following a protracted disagreement with the country’s state-owned electricity provider over power allocations. The collapse of the project, estimated by one individual familiar with the details to have involved roughly $120 million in… Read More

August 18, 2026 @ 7:56 am By Omar Faridi  |  

Three publicly listed Bitcoin mining companies—CleanSpark (NASDAQ: CLSK), BitFuFu (NASDAQ: FUFU), and Canaan (NASDAQ: CAN) — each posted lower production in July 2026 than in the previous month. The declines mark the group’s second consecutive monthly drop, even as Bitcoin’s price staged a partial recovery after a sharp sell-off in June. Operational… Read More

August 10, 2026 @ 3:34 pm By Omar Faridi  |  

Texas is intensifying its examination of large-scale power users as Governor Greg Abbott has instructed state regulators to thoroughly review every data center project seeking to connect to the Electric Reliability Council of Texas (ERCOT) grid. The August 3, 2026 directive requires the Public Utility… Read More

July 24, 2026 @ 8:45 am By Omar Faridi  |  

Poolin, a once-prominent cryptocurrency mining pool operator, has initiated Chapter 11 bankruptcy proceedings in the United States as part of efforts to dispose of its Texas-based facilities and conclude its activities. The Singapore-headquartered firm, along with its American subsidiaries Lonestar Dream Inc. and Lonestar Taproot… Read More

June 3, 2026 @ 4:32 pm By JD Alois  |  

Over time, the difficulty of mining a Bitcoin under Proof of Work goes higher. As the price of BTC has cratered in recent weeks, the cost to mine a single Bitcoin could surpass the value of a single Bitcoin. According to the Cambridge Centre for… Read More

April 28, 2026 @ 11:46 am By JD Alois  |  

Stablecoin issuer Tether is working with Canaan (NASDAQ: CAN)  and ACME Swisstech to enable Bitcoin mining. According to a note from Tether, the goal is to operate more efficiently, reducing energy usage and maximizing performance. The “modular” approach is designed to be independently optimized without… Read More

March 30, 2026 @ 5:41 pm By JD Alois  |  

The Mined in America Act is new legislation that aims to encourage digital asset mining in the United States. Sponsored by Republican Senators Bill Cassidy and Cynthia Lummis, the legislation would direct the US Department of Commerce to establish a voluntary certification program for crypto… Read More

March 27, 2026 @ 3:56 pm By Omar Faridi  |  

Marathon Digital Holdings (NASDAQ: MARA), one of the largest Bitcoin mining operators in the United States, recently liquidated 15,133 BTC for roughly $1.1 billion. The transaction not only generated immediate cash but also pushed the company down the rankings, allowing Twenty One Capital to overtake… Read More

February 4, 2026 @ 8:19 am By Omar Faridi  |  

Stablecoin issuer and digital assets firm Tether, which claims to be one of the largest companies in the crypto space, has unveiled its latest initiative to democratize Bitcoin mining. On February 2, 2026, at the Plan ₿ Forum in San Salvador, the company announced the… Read More

January 6, 2026 @ 9:30 am By JD Alois  |  

Bitcoin mining is incredibly power-intensive, with the computers generating substantial heat. In Canada, one operation has found a way to create a symbiotic relationship with mining rigs by working with a greenhouse in Manitoba to provide needed heat. Canaan (NASDAQ: CAN) says a 3 MW proof-of-concept… Read More

November 25, 2025 @ 2:25 pm By Omar Faridi  |  

KryptoByte, which is reportedly seeking to transform stranded energy into digital assets, is pleased to announce a partnership with Archax, a UK based digital asset exchange, broker and custodian. Archax will become the custodian for Bitcoin generated and acquired by KryptoByte and will aim to… Read More

October 18, 2025 @ 10:28 am By Tony Zerucha  |  

Sonatype, a provider of AI-centric DevSecOps, this week released the Open Source Malware Index, Q3 2025, which analyzed 34,319 open source malware packages discovered by Sonatype across major open source registries, including npm, PyPI, Hugging Face, and more. This quarter’s count brings the total number of… Read More

October 8, 2025 @ 4:31 pm By Omar Faridi  |  

Crypto and DeFi markets are surging again with fresh new momentum as we enter the final quarter of 2025. As a result of this renewed investor enthusiasm, following a slight crypto market dip in September, Bitcoin mining stocks (including those of Riot Platforms and Hive,… Read More

June 17, 2025 @ 5:24 pm By Omar Faridi  |  

The Bitcoin mining industry continues to evolve, with May 2025 showcasing significant operational advancements and strategic adaptations to seasonal challenges, as detailed in recent reports from Compass Mining. These updates highlight the sector’s resilience amid rising global hash rates, economic pressures, and environmental considerations, offering… Read More

June 8, 2025 @ 3:52 pm By Omar Faridi  |  

The Bitcoin mining sector continues to demonstrate resilience and adaptability in the face of post-halving challenges, with firms like MARA, Riot Platforms, and Bit Digital reporting significant operational updates for May 2025. These updates highlight robust production, infrastructure growth, and a strategic pivot toward diversification,… Read More

May 24, 2025 @ 10:34 am By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry service provider focused on vertically integrated Bitcoin mining, is pleased to announce that it has successfully upsized its existing $100 million credit facility to a total commitment of up to $200 million with Coinbase Credit, Inc., a subsidiary… Read More