Russia mined over $3 billion in Bitcoin last year, boosting tax revenue amid sanctions
Sergey Bezdelov, Director of Russia’s Industrial Mining Association, revealed that around 54,000 BTC, more than $3 billion, were mined in Russia last year, according to local news outlet Izvestia. This…
Bitcoin miners stay resilient despite traders’ waning risk appetite — Glassnode
Bitcoin (BTC) miners are demonstrating unwavering commitment as the network’s hash rate approaches an all-time high, according to a recent Glassnode report. The report noted that the 14-day moving average…
Bitcoin mining difficulty hits record high of 92.67 trillion amid falling miner revenues
Bitcoin mining difficulty climbed 3.6% on Sept. 11 to reach an all-time high of 92.67 trillion. CryptoQuant showed that the increase comes as miner profitability continues declining, further putting pressure…
Cleanspark’s $27.5M expansion to boost Bitcoin mining power by 22%
CleanSpark is set to acquire seven Bitcoin mining sites in Tennessee, along with associated properties, for $27.5 million, according to a Sept. 11 statement. The miner stated that these facilities…
Bitcoin mining CEOs agree on $250k price target for 2028 halving
Bitcoin mining executives from top firms gathered at the HC Wainwright Bitcoin Mining Panel on Sept. 10 to discuss industry trends, challenges, and the future of Bitcoin. The panel, moderated…
Bhutan fourth largest Bitcoin holder among countries with 13,029 BTC stash
The Royal Government of Bhutan holds 13,029 Bitcoin (BTC), worth roughly $755 million at current prices, according to on-chain data gathered by Arkham Intelligence. Additionally, wallets tied to the Himalayan…
CleanSpark doubles down on Bitcoin mining with new Mississippi acquisitions
CleanSpark has intensified its Bitcoin mining efforts by acquiring two new sites near Clinton, Mississippi. On Sept. 17, the Bitcoin miner revealed that the new sites were purchased for $5.775…
Bitmain’s new 860TH/s liquid cooled rack mounted Bitcoin miner built alongside Hut 8
Hut 8 and Bitmain have announced the launch of the Antminer U3S21EXPH, an ASIC miner featuring direct liquid-to-chip cooling within a U form factor. Hut 8 plans to deploy this…
Bitfarms and Riot resolve disputes, expand board ahead of key meeting
Bitfarms Ltd. and Riot Platforms Inc. have announced a settlement ahead of Bitfarms’ special shareholder meeting scheduled for Nov. 6, according to a Sept. 23 press release. The announcement comes…
China persists as Bitcoin mining giant despite crypto ban – CryptoQuant
China continues to control 55% of the global Bitcoin network’s hashrate, despite a ban on crypto mining and trading that has been in effect since 2021. According to CryptoQuant data,…