Bitcoin mining Archives - Page 5 of 6

American Bitcoin to Go Public Through Merger with Gryphon Digital

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Trump-affiliated Bitcoin mining company, American Bitcoin, plans to go public through a merger with Gryphon Digital Mining, Inc. The deal, structured as a stock-for-stock transaction, will see Gryphon acquire the company and operate under the American Bitcoin brand once closed. Merger Details According to a May 12 press release, the newly combined entity will be […]

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Power Thefts from Illegal Crypto Mining Jumped 300% in 6 Years: Malaysian Electricity Board

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Tenaga Nasional Berhad (TNB), Malaysia’s largest electricity utility provider, noted that power thefts linked to illegal crypto mining have soared 300% from 2018 to 2024. The board added that illegal mining has increased due to the global crypto transactions, local media reported. TNB derived the statistics through a joint operation involving the Energy Commission, the

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Crypto Miner Hut 8 Boosts Hashrate 79% in Q1 Despite 4M Net Loss

Crypto Miner Hut 8 Boosts Hashrate 79% in Q1 Despite $134M Net Loss

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Bitcoin mining firm Hut 8 significantly expanded its operational capacity in Q1 2025, reporting a 79% increase in hashrate. Despite this milestone, the company posted a net loss of $134.3 million on revenue of $21.8 million, according to its latest earnings report released on May 8. CEO Asher Genoot described the quarter as a “deliberate

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Core Scientific Posts 0M Q1 Profit, Misses Revenue Estimates

Core Scientific Posts $580M Q1 Profit, Misses Revenue Estimates

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Bitcoin mining company Core Scientific Inc. reported a first-quarter net profit of $580 million for 2025, a sharp increase from $210 million a year earlier. However, the firm missed revenue expectations, as income dropped amid declining mining yields and a shift in business strategy. According to the company’s May 7 earnings release, total revenue for

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Bitcoin Miners Expanding Again As Difficulty Relief Kicks In

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the Bitcoin Hashrate is on the way up again as the Difficulty has gone through a negative adjustment. Bitcoin Miners Seem To Be Back In Expansion Mode On Saturday, May 3rd, the Bitcoin network went through its latest Difficulty

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Bitcoin Mining Giant Unloads Million In Crypto

Bitcoin Mining Giant Unloads $40 Million In Crypto

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este

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CleanSpark Reports Strong April Bitcoin Mining Results

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Bitcoin Magazine CleanSpark Reports Strong April Bitcoin Mining Results American Bitcoin mining company, CleanSpark, has released its unaudited operations update for April 2025, showcasing continued strength in both production and strategic positioning as it prepares to hit a major hashrate milestone. In April 2025, CleanSpark produced 633 bitcoin, contributing to a calendar year total of

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Bitcoin Difficulty To Finally Cool Down: 5% Drop Incoming

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the Bitcoin Difficulty is set to see a drop in the upcoming adjustment after having gone up the previous four times. Bitcoin Difficulty Will Finally Provide A Break To Miners The “Difficulty” refers to a feature present on the

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How Bitcoin Mining Can Energize Real Estate

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Bitcoin Magazine How Bitcoin Mining Can Energize Real Estate Introduction Real estate is an energy-intensive industry. During construction, significant energy resources are required for operating heavy machinery and equipment, as well as producing materials like cement and steel. Once constructed, buildings continue to demand substantial energy for various functions. For instance, residential properties require consistent

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Phoenix Group Amps Up Their Bitcoin Mining Power To a Global Capacity of Over 500 Megawatts

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Bitcoin Magazine Phoenix Group Amps Up Their Bitcoin Mining Power To a Global Capacity of Over 500 Megawatts On April 29, 2025, Phoenix Group announced, in a press release sent to Bitcoin Magazine, that it has added fifty-two megawatts of Bitcoin mining capacity in Ethiopia, increasing its total in the country to one hundred and thirty-two

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