Bitcoin Mining Boost: Pakistan’s Energy Proposal
Pakistan considers using surplus electricity for Bitcoin mining, aligning with global crypto trends and aiming to boost foreign investments and tech progress. #Update #Crypto (+4) ↗
Mining
Bitcoin Miner Bitfarms Acquires Stronghold
@BitfarmsLtd has completed its acquisition of Stronghold Digital Mining, expanding its U.S. operations and energy capabilities, enhancing HPC and AI initiatives. #Update #Crypto (+3) ↗
Bitcoin Mining: Canaan Secures $200M Expansion
@CanaanInc secures $200M to enhance Bitcoin mining in North America, aiming for a 10 EH/s hash rate by mid-2025. #Update #Crypto (+6) ↗
Bitcoin Mining Costs Reveal Market Divides
Bitcoin trades at $81,626 as mining cost disparities among firms reveal operational differences; some companies extract bitcoin far below the network’s average cost. #Update #Crypto $BTC (+3) ↗
Bitcoin Mining Rigs Seized US Loosens
U.S. authorities have begun releasing seized bitcoin mining equipment, including thousands of units, but many remain held due to scrutiny over Chinese-made chips. #Update #Legal (+3) ↗
IMF Limits El Salvador Bitcoin Activities
The International Monetary Fund mandates El Salvador to limit Bitcoin acquisitions and mining, impacting President Nayib Bukele’s plans despite recent purchases totaling 6,100 $BTC. #Update #Crypto $BTC (-4) ↘
Crypto Revenue Soars Hut 8 Hits $80.7M
@Hut8Mining reports $80.7M in crypto revenue for 2024, expands bitcoin reserve to 10,171 BTC, and secures a $125M partnership with Bitmain #Update #Crypto $BTC (+6) ↗
Bitdeer Reports $531.9M Loss Targets 40 EH/s
@BitdeerTech reported a $531.9M Q4 loss, investing $243.4M in ASIC hardware from TSMC, aiming for a 40 EH/s hashrate by late 2025. #Update #Crypto (-6) ↘
Bitcoin Reaches 20 Million BTC Milestone
Bitcoin blockchain approaches 20 million BTC milestone, with only 174,583.24 bitcoins left to mine before the 2028 halving event. #Update #Crypto $BTC (+4) ↗ (Source: News.Bitcoin)
Bitcoin Difficulty Surges 5.61% Reaching 114T
Bitcoin’s computational difficulty surged 5.61% at block height 883,008, reaching a record 114.17 trillion, intensifying mining challenges for $BTC. #Update #Crypto $BTC (+3) ↗ (Source: News.Bitcoin)
Bitcoin Mining: Cleanspark Hits $162M Revenue
Bitcoin.com: @Cleanspark reported $162.3M in Q4 2024 revenue, a 120% increase, with 10,500 BTC reserves and $34,000 mining cost per bitcoin. #Update #Crypto (+6) ↗
Crypto Mining Oversight Russia Mandates Reporting
Bitcoin.com: Russia’s Federal Tax Service mandates crypto miners report earnings monthly, restricting mining to approved entities and barring financial crime offenders, reshaping industry oversight. #Breaking #Legal (+8) ↗
SoftBank Invests $50M in Cipher Mining
Hodl.Press: @CipherMining secures $50M from SoftBank’s Star Beacon LLC for HPC centers, granting exclusive rights at Barber Lake until 2025. #Breaking #Crypto (+8) ↗
Bitcoin Miner Cipher Lands $50M Investment
Bitcoin.com: @CipherMining Inc. secures a $50 million PIPE investment from Softbank Group Corp., acquiring 10.4 million shares and positioning Softbank as a key stakeholder. #Breaking #Crypto $CIFR (+8) ↗