Category: Mining

[ad_1] Key Takeaways Bitcoin’s network hashrate dropped 145 EH/s since May 28, falling to 885 EH/s as prices slide to February lows. Hashprice fell 26.96% in 30 days to $28.26/PH/s, with Elektron Energy CEO Rapha Zagury calling it Bitcoin’s first “ hashrate bear market.” A 10.76% difficulty reduction is projected for June 13, 2026, as…

[ad_1] Key Takeaways CKPool Solo has facilitated at least 40 verified bitcoin block wins since mid-2023, including three in early 2026. Public Pool on Umbrel confirmed seven solo bitcoin block wins, with the most recent at block height 948146 on May 6, 2026. Futurebit Apollo miners logged three solo block wins since October 2024, each…

[ad_1] Key Takeaways Bitcoin miners crossed $1.086B in May revenue, the first billion-dollar month since January. Hashprice dropped 17.82% in 30 days, pushing the daily value per PH/s to just $30.77. A potential 7.5% difficulty cut around June 13 could ease pressure on surviving miners. Miners Feel the Weight of $66K Bitcoin The bitcoin mining…

[ad_1] Georgia will reportedly install electricity meters across villages and settlements in Mestia as part of a crackdown on illegal crypto mining that officials say is straining the region’s power grid. Vice Prime Minister Mamuka Mdinaradze said Monday that illegal mining had pushed Mestia’s electricity consumption to 133 million kilowatt-hours in 2025, more than 13…

[ad_1] This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The first installment of this Bitcoin-AI convergence series explored a foundational idea: Bitcoin mining was never just about digital currency. It was designed…

[ad_1] Investors appeared to disregard Hut 8’s reported first quarter 2026 net loss of more than $253 million on Wednesday, lifting the shares of the Bitcoin mining company by more than 33%. Hut 8 attributed the loss to a reduction in the market value of its Bitcoin (BTC) holdings, which fell from a high of…

[ad_1] Core Scientific (CORZ) reported a $347.2 million first-quarter net loss as its Bitcoin self-mining revenue fell sharply and high-density colocation became its largest revenue source.  In its earnings report published on Wednesday, the company reported a net loss of $1.06 per diluted share for the quarter. A year earlier, Core Scientific reported diluted earnings…

[ad_1] Bitcoin miner MARA Holdings spent $4.3 million on personal security for CEO Fred Thiel in 2025, including $430,780 to armor a vehicle, as crypto companies respond to rising physical attacks on industry executives and investors. MARA, the seventh-largest Bitcoin mining company worth more than $5 billion, also spent about $58,810 on Thiel’s home security…

[ad_1] Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed margins and triggered a significant inventory write-down. The company posted total revenue of $62.7 million for the quarter ending March 31, a sharp decline from the $196.3 million it recorded in the…

[ad_1] Key Takeaways Canaan Inc. won a competitive bid to deploy 8 MW of Avalon A1566HA units to a Nordic district heating network. The 8 MW project is expected to heat approximately 2,800 homes, replacing legacy fossil fuel-based heating systems. Canaan placed a 6 MW follow-on order in March 2026, signaling customer confidence and expansion…