Category: Mining
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Tether Picks Canaan Modules to Power Immersion Mining Sites
[ad_1] Key Takeaways: Canaan secured a follow-on order from Tether for custom hash board modules deploying to South America in 2026. The modular system, co-designed with ACME Swisstech, cuts operational complexity and boosts compute density for large-scale immersion-cooled mining. Tether holds an option to purchase additional module volume, signaling potential multi-phase expansion of the partnership.…
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Luxor Signs MicroBT Hardware Commitment Worth $100M Alongside Firmware Launch
[ad_1] Key Takeaways: Luxor Technology expanded LuxOS firmware to MicroBT Whatsminer miners, covering select M50 series models. MicroBT’s investment manager ITL signed a term sheet alongside a $100M Luxor hardware purchase commitment. Whatsminer fleets gain Power Targeting and faster curtailment recovery, with broader model support planned. Luxor Extends LuxOS to MicroBT’s Whatsminer M50 Series The…
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Largest Bank in Brazil Moves to Invest in Bitcoin Mining
[ad_1] Key Takeaways: Itau Ventures invested up to $10M in Minter for mobile data centers that mine bitcoin. Brazil lost $1.2B to 20% energy curtailment in 2025, a market Minter targets. CEO Stefano Sergole plans to grow Minter to 500MW capacity by 2029 across Brazil and the U.S. Brazil’s Itau Invests In Bitcoin and Data…
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