Browsing Category
Mining
Thailand Expands $307M Crypto Mining Probe as Chinese Financiers Face Arrests
Thailand has expanded a probe into a transnational Chinese criminal network that used illegal crypto-mining to launder over $300 million annually from online scams and gambling. Rigs Seized and Power Stolen Thai authorities have expanded an…
Tether Trims Bitdeer Stake After AI Push Lifts Bitcoin Mining Stock
Tether has started trimming its Bitdeer (NASDAQ: BTDR) stake after reloading on the bitcoin mining and AI data center operator’s stock during a February selloff, generating about $12.7 million in proceeds. This article first appeared in The…
Onchain Data Locks In Satoshi’s 1.1M BTC Hoard — 3 Theories on Why It Never Moves
Over the years, blockchain forensic analysis has traced roughly 1.1 million bitcoin, currently worth nearly $73 billion, to Satoshi Nakamoto, the pseudonymous creator of Bitcoin, with the entire cache sitting untouched since 2010. What the…
Expert Flags Bitcoin’s First Hashrate Bear Market as Network Sheds 145 EH/s
With bitcoin prices sliding to levels not witnessed since February, the network’s hashrate has undergone a steep contraction, with 145 exahash per second (EH/s) exiting the system since the close of May. Hashprice Falls 27% in 30 Days as…
Solo Home Miner Wins $232K Bitcoin Block With a $300 Machine at 149 Million-to-1 Odds
A solo home miner running a consumer-grade Canaan Avalon Nano 3S beat odds of roughly 149 million to one, winning Bitcoin block 951771 this weekend, and collecting a reward worth approximately $232,000. One Block, One Machine The block was…
Expert Says Bitcoin Miners Are Expanding Beyond Mining Into Energy Infrastructure
The Bitcoin network received a fresh difficulty bump this week at block height 951552, with the protocol dialing things up by 1.72%. Meanwhile, the network’s hashrate kept flexing its muscles, climbing past the 1,000 exahash per second…
Terawulf Expands AI Strategy With 1GW Data Campus and $3B Backing
Terawulf has acquired a major AI-focused data center site in Kentucky as it accelerates its shift from bitcoin mining toward high-performance computing. The deal strengthens the company’s power-backed infrastructure strategy and drew a…
Bitcoin Miner Revenue Drops 9.44% Following Network Difficulty Jump
After approaching $40 per petahash per second (PH/s) in hashprice terms, bitcoin’s latest price decline triggered a pullback in hashprice, reducing mining profitability since May 14. Conditions tightened further the next day when the…
Marathon Posts $1.3B Loss as Bitcoin’s 18% Slide Cuts Q1 Revenue by $35M
Marathon Holdings reported a challenging first quarter for 2026, characterized by a significant net loss despite strategic efforts to reduce debt and pivot toward artificial intelligence (AI). Surge in Operating Costs Digital infrastructure…
Bitcoin Miner Cleanspark Posts $378M Loss in Q2
Cleanspark reported a $378.3 million net loss for its second fiscal quarter ended March 31, 2026, as a $224.1 million non-cash loss on bitcoin fair value weighed heavily on results even as the company expanded its hashrate and power…