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Mining
Miner Weekly: Bitcoin Miners Unplug 23% as AI Revenue Surges 52%
Bitcoin’s second-quarter unplug looked like capitulation. It wasn’t. This article first appeared in Miner Weekly, a weekly newsletter by Blocksbridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis…
Swedish Tax Scrutiny Shadows Crypto Miners’ Pivot to AI
Swedish tax authorities are challenging hundreds of millions of kronor in VAT deductions claimed by data center operators in the country’s north, turning the distinction between crypto mining and computing services into a test for an…
US Bitcoin Mining Grip Slips From Q1 to Q3 as Rival Nations Gain
From the start of the year and 57 days into the third quarter, the United States has seen its share of Bitcoin’s hashrate slide nearly a percentage point, along with roughly 55 exahash per second (EH/s) of computational power. At the same…
Zcash Rally Widens Mining Revenue Lead Over Bitcoin and AI HPC
Zcash’s rally to a record of about $890 has sharply widened its existing mining revenue advantage over bitcoin and AI high-performance computing, highlighting how quickly the relative value of electricity can change across competing compute…
Tether’s $120M Uruguay Bitcoin Mining Bet Ends in Power Dispute
Tether abandoned a roughly $120 million Bitcoin mining investment in Uruguay after a dispute with the state power company escalated into unpaid bills, an electricity cutoff and layoffs, according to a Reuters investigation. This article…
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…