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Bitcoin mining sector expands as ASIC count surged 7% in 2024: report
By early 2025, Russia’s Bitcoin mining capacity had topped 11 GW, but only around 3 GW was reportedly used by ...
Tag: Mining
MARA Holdings Acquires Texas Wind Farm to Power Bitcoin Mining
Bitcoin miner MARA Holdings Inc. acquired wind farm in Hansford County, Texas, to power its operations with renewable energy, reduce ...
Russian Power Company Reports $14 Million Loss Due to Illegal Crypto Mining
Russian power company Rosseti suffered over $14 million in losses in 2024 due to illegal crypto-mining operations, which have led ...
Bitcoin mining has added over $4 billion to the US economy
Economic research firm Perryman Group has revealed that Bitcoin mining has contributed more than $4 billion to the US gross ...
Russian energy giant Rosseti faces $14.2 million loss from illegal crypto mining
Russian energy provider Rosseti reportedly saw a significant financial hit due to illegal crypto mining in 2024, with losses amounting ...
KYC is (Becoming) a Key Legal Requirement for Mining Pool Providers
KYC (Know Your Customer) is increasingly becoming an essential legal requirement for mining pool providers. Although this concept is relatively ...
This Bitcoin Miner Nears Penny Stock Status as Revenue Declines Despite Mining Gains
Phoenix Group, the first UAE-listed cryptocurrency mining company, reported mixed financial results for 2024, with strong mining revenue growth contrasting ...
Threat to Bitcoin Mining is Growing – Here Are The Changes That May Happen In The Coming Period
Cryptocurrency analytics firm Alphractal has released a report addressing growing concerns in the Bitcoin mining sector, highlighting historical indicators, industry ...
US authorities seize Bitcoin mining ASICs over unapproved AI chips
US Customs and Border Protection (CBP) has conducted an enforcement action to seize Bitcoin mining application-specific integrated circuits (ASICs) at ...
Abu Dhabi’s crypto mining firm Phoenix Group posts 236% revenue surge amid global expansion
Phoenix Group reported $107 million in Bitcoin mining revenue for 2024, more than a 230% jump from 2023. Cryptocurrency miner ...
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