Mining
American Bitcoin, a bitcoin mining company backed by President Donald Trump’s sons, is going public in a new merger deal with Gryphon Digital Mining. Investors and political observers are taking notice as it presents a mixture of Bitcoin, Wall Street and the Trump brand. This reverse merger allows for American Bitcoin Corporation to become a […]
Trump-Backed American Bitcoin to Go Public Via Merger with Gryphon Read More »
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
Crypto Miner Hut 8 Boosts Hashrate 79% in Q1 Despite $134M Net Loss Read More »
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
Core Scientific Posts $580M Q1 Profit, Misses Revenue Estimates Read More »
Bitcoin Core’s reportedly planned removal of the long-standing OP_RETURN limit has sparked sharp division across the ecosystem. The upcoming release will, by default, lift the 80-byte ceiling that previously restricted transaction-embedded data, positioning the change as a modernization of policy in response to shifting network practices. OP_RETURN Originally introduced as a soft deterrent, OP_RETURN allowed
Bitcoin Core’s OP_RETURN limit removal divides crypto community Read More »
Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering. The offering will be facilitated by investment bank H.C. Wainwright & Co., which will earn a commission of up to 3% on shares sold. New Funding to Support Excursion Into High-Performance Computing Bitcoin mining firm Bit Digital has announced its
Bit Digital Aims for $500M Raise to Fuel HPC, Cloud Expansion Read More »
Riot Platforms reported record revenue of $161.4 million in the first quarter of 2025, more than doubling its $79.3 million revenue from a year ago, according to its latest earnings report. The Bitcoin (BTC) miner said it continued to scale operations and capitalize on stronger market conditions during the quarter. The Texas-based firm, one of
Riot Platforms reports $296M net loss in Q1 despite record revenues Read More »
The bitcoin-focused technology firm closed a $210 million funding round led by Fulgur Ventures last October and is now implementing key expansion initiatives. Strategic Shift: Blockstream Carves out Mining and Hardware Divisions Bitcoin infrastructure firm Blockstream has announced that it will spin out its mining and ASIC divisions, establishing them as independent companies as part
Blockstream Spins out Mining and ASIC Divisions in Major Restructuring Effort Read More »
Bitcoin is finally proving naysayers wrong about its long-running environmental allegations. A new report from the Cambridge Centre for Alternative Finance (CCAF) says 52.4% of all bitcoin mining is now powered by green energy, a huge win for the scarce digital money. This is a big deal because the industry has proven that it is
Bitcoin Mining Now Uses Over 50% Green Energy: Cambridge Study Read More »
The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining, collectively controlling over 80% of reported activity. Bitcoin mining is now 52.4% reliant on sustainable energy, with hydropower (23.4%) and wind (15.4%) as leading sources. North America Dominance According to the latest Cambridge Centre for Alternative Finance
Green Bitcoin? Over 52% of Mining Now Uses Sustainable Energy Read More »
Sustainable energy accounts for more than half of Bitcoin (BTC) mining consumption as of the first quarter, according to the Cambridge Centre for Alternative Finance’s Digital Mining Industry Report. Despite higher energy consumption, the industry’s reliance on sustainable energy increased, and operational metrics indicated a push toward long-term resilience through diversification and innovation. Estimated annual
