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Bitcoin’s computational prowess currently hums at 825.85 exahash per second (EH/s), a gentle dip from its zenith of 844 EH/s recorded on Feb. 4, 2025. The network’s transaction queue, known as the mempool, continues to reflect minimal activity, while newly minted blocks materialize slightly quicker than the protocol’s 10-minute target. Foundry Leads Mining Race: Four … Read more
Bitcoin mining firm Bitdeer has acquired a 101-megawatt permitted site in Alberta for $21.7 million to build a bitcoin mining data center. Bitdeer to Build Power Plant for Bitcoin Mining Bitdeer, a bitcoin mining company has taken a major step toward becoming a fully integrated mining operation with the $21.7 million acquisition of land and … Read more
While bitcoin’s value slid beneath the $100,000 threshold, bottoming at $91,530 on Feb. 2, its computational muscle flexed to an unprecedented apex. Bitcoin’s Hashrate Taps an All-Time High Data from hashrateindex.com reveals bitcoin’s hashrate soared to a historic zenith of 840 exahash per second (EH/s), maintaining a formidable 837.25 EH/s as of noon ET on … Read more
Data gathered from the first month of 2025 reveals that bitcoin mining revenue reached $1.4 billion for January, trailing last month’s figures by about $40 million. First Month of 2025—Bitcoin Mining Revenue Mirrors December’s Figures Statistics reveal that bitcoin miners secured about $40 million less than in December, marking the second most profitable month in … Read more
Cipher Mining Inc. announced a $50 million private investment in public equity (PIPE) from Softbank Group Corp., positioning the technology-focused investor as a key stakeholder in the company. Softbank Becomes Key Investor in Cipher Mining Cipher Mining’s (Nasdaq: CIFR) transaction involves Softbank purchasing approximately 10.4 million shares of Cipher’s common stock, with the funds directed … Read more
The Arkansas Senate has rejected Senate Bill 60, which sought to prohibit digital asset mining businesses from operating within 30 miles of military facilities. Arkansas Legislature Rejects Digital Asset Mining Restriction The bill, introduced by Senator Hill and Representative Evans, aimed to amend the Arkansas Data Centers Act of 2023. It proposed restrictions on bitcoin … Read more
Grayscale Investments has launched the Grayscale Bitcoin Miners ETF, offering investors exposure to bitcoin mining firms, as the industry continues to expand. Grayscale Launches Bitcoin Miners ETF for Crypto-Focused Investors Crypto asset management firm Grayscale Investments announced on Thursday that it has introduced the Grayscale Bitcoin Miners ETF (Ticker: MNRS), a new exchange-traded fund designed … Read more
Digital Currency Group (DCG) has launched Fortitude Mining, a subsidiary focused on mining bitcoin and emerging digital assets, on Jan. 29, 2025, appointing former Foundry executive Andrea Childs as CEO. Fortitude Mining, New DCG Subsidiary, Targets Bitcoin and Emerging Crypto Assets According to the announcement shared with Bitcoin.com News, Fortitude Mining will operate as a … Read more
Bitcoin mining operations in Paducah, Kentucky, are drawing substantial electrical resources, per recent municipal disclosures. Local utility provider Paducah Power identifies two bitcoin mining firms among its 10 largest industrial electricity consumers. Bitcoin Operations Drive Paducah’s Energy Economy As detailed in a report by the West Kentucky Star, Doug Handley, an executive at Paducah Power, … Read more
Hive Digital Technologies Ltd. announced the acquisition of Bitfarms’ 200 MW hydro-powered Bitcoin mining facility in Yguazú, Paraguay, aiming to increase its global mining capacity to 25 exahash per second (EH/s) by September 2025. Hive Digital Expands to 430 MW Global Capacity with Paraguay Hydro-Powered Site The $56 million deal includes a 240 MVA substation, … Read more
