The Trump administration’s aggressive tariff policy is poised to significantly undercut demand for Bitcoin mining rigs in the United States — a shift that could prove advantageous for mining operations abroad, according to Hashlabs Mining CEO Jaran Mellerud. In a recent report, Mellerud explained that the newly imposed tariffs, which ...
Bitcoin mining has shifted towards cleaner energy sources over the past 13 years. According to a MiCA Crypto Alliance and Nodiens report, coal energy's share in Bitcoin mining has decreased from 63% in 2011 to 20% in 2024, indicating an average annual decline of about 8%. Renewable energy use in ...
Cryptocurrency mining company Bitdeer has strengthened its market position with a significant Bitcoin acquisition worth millions. In a post on X on February 28, the Singapore-based firm announced the purchase of 50 BTC at an average price of $81,475. This latest acquisition brings Bitdeer’s total holdings to over 640 BTC, ...
Authorities in Malaysia discovered an illegal Bitcoin mining operation in a residential home following an explosion and fire on February 13, according to local news outlet Malay Mail. Emergency responders were alerted to smoke and an explosion at the house, leading firefighters to extinguish the flames. Upon inspection, they found ...
Bitdeer has acquired a 101 MW site and a gas-fired power project near Fox Creek, Alberta, Canada, for a total value of $21.7 million. The site is fully licensed to build a natural gas power plant and has approval for a 99-megawatt interconnection grid with the Alberta Electric System Operator, ...
Bitcoin mining company BitFuFu has revealed its intention to acquire a majority stake in a mining facility in Oklahoma. In a press release dated January 16, the company announced it had signed a letter of intent for the acquisition, which is expected to be finalized by mid-2025. The facility, situated ...
Canaan Inc., a leading blockchain hardware manufacturer, introduced its latest Bitcoin mining devices, the Avalon Mini 3 and Avalon Nano 3S, at CES 2025 in Las Vegas. These innovations aim to make cryptocurrency mining more accessible while offering added benefits for users. The Avalon Mini 3 is a dual-purpose device ...
Thailand's Provincial Electricity Authority (PEA) has closed a Bitcoin mining operation for illegally tampering with power meters to steal electricity worth hundreds of millions of baht. Collaborating with the Crime Suppression Division, the PEA raided a Phanat Nikhom, Chonburi facility, seizing 996 Bitcoin mining rigs. Authorities found that the operators ...
CleanSpark Inc., a publicly traded North American Bitcoin mining company, mined 668 Bitcoin in December 2024, according to its latest investor update. https://t.co/74iKIHSdKg — CleanSpark Inc. (@CleanSpark_Inc) January 6, 2025 During the same period, the company sold 12.65 Bitcoin at an average price of $101,246 per Bitcoin, concluding the year ...
The Russian government has approved a sweeping ban on cryptocurrency mining in ten regions, effective January 1, 2025, through March 15, 2031. The decision, reported by the State-owned news outlet TASS on December 24, addresses local electricity shortages and aims to align mining activities with evolving regulations. The ban targets ...
