Category: Mining

[ad_1] After a lackluster November, bitcoin miners collected even slimmer proceeds in the final month of 2025, with revenue tallying roughly $1.21 billion—marking the year’s second-softest monthly showing. December Delivers Pain for Bitcoin Miners, but the Worst May Be Passing Although conditions are improving for bitcoin miners in 2026, December’s revenue still ranked as the…

[ad_1] Xiao Hong, the founder of Butterfly Tech behind the AI agent app Manus, was an early bitcoin advocate and holder for more than a decade before his company became Meta’s $2 billion acquisition target. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research…

[ad_1] Bitfarms will exit Latin America after selling a $30M Paraguay facility, shifting operations to North America as it pivots toward AI and HPC. Bitcoin mining company Bitfarms announced a complete exit from the Latin American market following a $30 million sale of a Paraguayan facility. In a Friday notice, Bitfarms said it had reached…

[ad_1] The Hut 8 Bitcoin (BTC) mining company expanded its credit facility with crypto exchange company Coinbase to $200 million, building on momentum from 2025 and strong stock performance, setting it apart among players in the struggling mining industry. Hut 8 will use the funds for “general corporate purposes,” according to an amended filing with…

[ad_1] The mining company reported that it had entered into a purchase agreement with the Sympatheia Power Fund (SPF) to sell its Paso Pe mining site in Paraguay. The move marks Bitfarms’ exit from Latam and its reconfiguration to become a company using 100% North American power. Bitfarms Announces Final Exit From Latam With Paraguayan…

[ad_1] BitVentures Limited has entered the cryptocurrency mining sector, launching a new digital assets business less than two weeks after rebranding to reflect its new focus on blockchain-related ventures. The Hong Kong–based technology company said it has acquired fleets of mining hardware from Bitmain, including three types of Antminer machines, to mine Bitcoin (BTC), Litecoin…

[ad_1] At the start of 2025, crypto’s biggest names issued bold forecasts: Bitcoin to $200,000, Ethereum to $7,000, a US strategic reserve, and stablecoins going mainstream. Twelve months later, the scoreboard reveals a pattern. The price targets mostly crashed and burned, while the structural calls on regulation, ETFs, and payments infrastructure quietly came true. Here’s…

[ad_1] Investment banking company Keefe, Bruyette & Woods has turned more bullish on Bitcoin miner TeraWulf, citing what it sees as a looming shift in the company’s business mix that investors have yet to fully price in. In a Wednesday report, KBW said it upgraded TeraWulf (WULF) to “outperform” from “market perform” and raised the…

[ad_1] Russia has proposed a new draft bill seeking to crack down on unregistered cryptocurrency miners in the country, following concerns from the finance minister about illegal mining activity. Russia’s Ministry of Justice has proposed imposing penalties of up to 1.5 million rubles (about $19,000) and up to two years of forced labor for illegal…

[ad_1] Bitmain cut prices on Bitcoin mining rigs on Dec. 23 after miner revenue per unit of hashrate fell in November. The discounts, which extend to current-generation hydro and immersion products, are landing in a cycle in which Bitcoin’s price strength has not translated into the kind of mining-margin expansion that previously drove hardware scarcity…