Browsing Category
Mining
EU Carbon Taxes Push Bitcoin Mining to Russia, Study Claims
The study, published by three Vietnamese investigators, found a positive relation between the EU’s carbon emissions pricing and a so-called “leakage” to cheaper jurisdictions, such as Russia. This means that as carbon…
Bitcoin Miners Get a Lifeline as Hashprice Explodes 20% Higher
Over the last four days, Bitcoin’s hashprice has climbed 20.41%, punching into territory not seen since May. Bitcoin miners are pocketing fatter revenue from the latest price rally, delivering a badly needed reprieve after months of tighter…
Public Miners Shed 21% of Bitcoin Hashrate as AI Revenue Accelerates
Three months ago, we examined how public bitcoin miners were beginning to dismantle or repurpose mining fleets for AI and high-performance computing infrastructure. This article first appeared in Miner Weekly, a weekly newsletter by Blocks…
Bitcoin’s Final 929,465 BTC Will Take More Than a Century to Mine
Bitcoin has already produced about 20.07 million BTC since it launched in January 2009. At block height 962570, roughly 929,465 bitcoin remain under the 21 million cap, but they will not hit the market anytime soon. The easy years of new…
MARA Reports $611M Loss While Miners Deposit 581 BTC to NYDIG
MARA Holdings posted a $611 million net loss in the second quarter as its bitcoin treasury shrank 29% year-over-year to 35,577 BTC. The report landed the same week rival Riot Platforms and MARA itself sent a combined 581 BTC to custodian…
Moscow Bitcoin Mining Ban Hits Data Centers Until 2032
The government of Russia has included the city of Moscow and other regions in a 2024 decree banning cryptocurrency mining activities from August 15 to December 31, 2032. The amendment also includes the Moscow region and some territories of…
HIVE Exec: AI GPUs Earn 10x More per Hour Than Mining Rigs
HIVE Executive Chairman Frank Holmes said the firm’s AI compute GPUs are generating far more revenue per hour than its bitcoin mining rigs, as the company’s fiscal 2026 revenue surged 158% to $297.8 million. The Math Behind the…
Fortitude Invests $45M in Zcash Mining Infrastructure to Drive Vertical Integration
DCG’s Fortitude Mining has entered into purchase agreements worth about $45 million for mining hardware and Nebraska infrastructure as it accelerates vertical integration in Zcash mining. This article first appeared in The Energy Mag. The…
Moscow Court Jails Mining Firm Bitriver Founder Over $12.5M Fraud Probe
Moscow’s Zamoskvoretsky District Court has moved Igor Runets, founder of crypto-mining firm Bitriver, from house arrest to a pretrial detention facility for at least two months. Stricter Measures Requested Amid Witness Tampering Concerns A…
Core Scientific Pays $42M to Exit Block’s Bitcoin Mining Deal as AI Revenue Surges
Core Scientific (NASDAQ: CORZ) has paid $41.9 million to terminate a bitcoin miner contract with Block and its Proto unit, underscoring the data center operator’s accelerating retreat from bitcoin mining toward AI infrastructure. This…