Tether Finally Winds Down Mining Operations in Uruguay

Tether, one of the largest cryptocurrency companies, has finally confirmed its exit from Uruguay after a breakdown in its negotiations with UTE, the national power company. The local press reported that the company fired 30 workers and notified the national labor ministry (MTSS) of these actions. Tether Leaves Uruguay, Abandons $500 Million Mining Investment The … Read more

China Reemerges as Global Bitcoin Mining Power

China’s bitcoin mining industry is staging an unexpected resurgence four years after a sweeping ban forced mass shutdowns. New data shows China has reclaimed the world’s No. 3 spot as cheap electricity, regional incentives, and shifting policy signals draw miners back. Beijing’s Softening Crypto Stance Fuels Stealth Mining Comeback Bitcoin mining in China is rebounding … Read more

ZEC’s 125% Monthly Jump Fuels Miner Revenue and Pushes Zcash Hashrate to Record Highs

According to the latest metrics, mining bitcoin has officially climbed into the runner-up spot for proof-of-work (PoW) profits, landing just behind the privacy coin zcash. ZEC Mining Profit Increases Network’s Computational Might The digital currency zcash (ZEC) has been a standout mover in recent times, and today the privacy coin tacked on 18.7% against the … Read more

Bitcoin Hashprice Falls to Record Low as Network Hashrate Shows Early Signs of Pullback

Bitcoin’s hashprice has fallen to a new all-time low below $35 per petahash per second (PH/s), hit by the combination of bitcoin’s price drop and persistently high network difficulty. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies. BTC … Read more

Miners Face a Profit Crunch With Bitcoin Prices Down and Hashprice Reaching Record Lows

With bitcoin down more than 20% this month — marking its harshest monthly showing since 2022 — the network’s hashprice has slipped to levels miners haven’t seen in years. With a little over a week left in November, mining revenue appears headed for territory not witnessed since last year. November Turns Nasty for Bitcoin Miners … Read more

Report: US Probes Bitmain Over Bitcoin Miners, Espionage Risks

Bitmain Technologies is reportedly under a federal investigation, dubbed Operation Red Sunset, to determine whether its devices pose a threat to U.S. national security. Federal Probe and Scope of Investigation Bitmain Technologies Ltd., the Chinese manufacturer that supplies most of the world’s Bitcoin-mining machines, has been the subject of a months-long federal investigation into whether … Read more

American Bitcoin Targets 50 EH/s Bitcoin Mining Capacity

Trump backed $ABTC just dropped its first earnings as a public company. This “not just a miner, not just a treasury” company is now targeting 50 EH/s to power its BTC-focused growth strategy. The following guest post comes from BitcoinMiningStock.io, a public markets intelligence platform delivering data on companies exposed to Bitcoin mining and crypto … Read more

Federal Prosecutors Win Conviction of Mining Founder in Multimillion-Dollar Crypto Fraud

A federal jury’s fraud conviction of a Texas mining founder underscores calls for transparency that are accelerating stronger safeguards, reinforcing investor confidence, and positioning legitimate bitcoin mining operations for growth despite revelations of customer deception. Federal Jury Finds Mining Founder Guilty in Multimillion-Dollar Crypto Fraud The U.S. Attorney’s Office for the Northern District of Texas … Read more

Malaysia’s National Power Company Loses Over $1.1 Billion to Illegal Crypto Mining

Malaysia’s national utility firm Tenaga Nasional Bhd (TNB) lost over $1.11 billion to illegal electricity use by crypto miners between 2020 and August 2025, with 13,827 premises implicated. Intensified Enforcement and Regulatory Clarity Malaysia’s national utility company, Tenaga Nasional Bhd (TNB), has suffered losses exceeding $1.11 billion (4.6 billion ringgit) due to illegal electricity usage … Read more