Canaan Inc. reported $269.3 million in revenue for 2024, with bitcoin mining revenue surging 312% year-over-year to $44 million. The company also expanded its North American mining footprint, securing new agreements in…
Category: mining
Critical Announcement from the SEC Regarding the Cryptocurrencies – Here Are the Affected Altcoins
The U.S. Securities and Exchange Commission (SEC) has reassured miners concerned about regulatory oversight by clarifying that proof-of-work (PoW) cryptocurrency mining does not violate federal securities laws. The SEC’s Division of Corporate…
Foundry, Antpool, and Viabtc Dominate Bitcoin Mining: Here’s Why
Bitcoin mining pools Foundry, Antpool, and Viabtc collectively command over 65% of the network’s global hashrate, amplifying their dominance through scale, competitive fee models, and tailored incentives for participants. What Are Mining…
Bitcoin Miners Feel Squeeze as Hashprice Erases Post-Election Gains
Bitcoin miners are facing renewed financial pressure as declining transaction fees and a hashprice drop push operational costs higher, according to TheMinerMag’s February 2025 report. Bitcoin’s hashrate climbed 3.8% in February to…
US Bitcoin Miners Hit 30% Hashrate Share – What’s Next for Decentralization?
U.S. miners reached a new high in Bitcoin hashrate control at 30%. Their increased share could shift Bitcoin’s network dynamics. This rising dominance may impact the decentralization of Bitcoin. In a historic…
Game Theory at Play? Speculation Grows Over US Military’s Bitcoin Mining Interest
In the wake of U.S. President Donald Trump’s establishment of a Strategic Bitcoin Reserve (SBR), speculation has emerged regarding potential Department of Defense (DoD) initiatives to engage in cryptocurrency mining. Is the…
M2 teams up with NiceHash to unlock liquidity for Bitcoin miners
Crypto miners can now leverage Bitcoin-backed loans through M2’s partnership with NiceHash. Abu Dhabi-based cryptocurrency exchange M2 has partnered with NiceHash, a cryptocurrency mining services provider, to introduce flexible lending solutions for…
Is the US DoD about to start mining bitcoin? Crypto X thinks so
Earlier today, rumors circulated on social media of a covert bitcoin (BTC) mining operation at the US Department of Defense (DoD). Sparked by a claim from a worker at BTC ATM company…
Bitcoin Miner from Wall Street HIVE Projects 317% BTC Production Capacity Growth
HIVE Digital Technologies (NASDAQ: HIVE) has completed the acquisition of Bitfarms Ltd.’s 200-megawatt Yguazú hydro-powered facility in Paraguay. The move will increase the company’s mining capacity by 317% from 6 Exahashes per…
Tether Boosts Stake in Bitdeer to 21.4%, Now Holds 32M Shares
As per recent a filing with the U.S. SEC, stablecoin giant Tether has increased its stake in Bitcoin mining firm Bitdeer (BTDR). The filing shows that Tether and its subsidiaries, currently hold…