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News
Bitcoin’s 316-day hashrate drought shows why AI could make this mining downturn harder to reverse
1+ week, 4+ day ago (920+ words) Hashrate remains below its peak after 316 days as miners weigh improving BTC economics against long-duration compute revenue. Bitcoin’s hashrate has spent 316 days below its record as miners redirect power toward AI. The seven-day network average stood near 914 exahashes per second…...
Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud
2+ week, 14+ hour ago (605+ words) The company’s $4 billion contracted AI run-rate target was four times the $1 billion operating level measured Aug. 26, with recognition still gated by delivery and customer acceptance. IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware…...
Bitcoin miner Sphere 3D faces $2.2M tariff claim equal to 77% of its cash
2+ week, 4+ day ago (632+ words) The possible charge excludes statutory interest, while the miner's current cash and protest deadline remain undisclosed. Crypto miner Sphere 3D said it could face approximately $2.2 million in supplemental US tariffs, before interest, on Bitcoin miners purchased in 2022 by a subsidiary it…...
Tether’s $120 million Uruguay mining failure now shadows its next Bitcoin bet in Brazil
2+ week, 5+ day ago (546+ words) Adecoagro visited the Uruguay operation months before launching a smaller renewable-powered pilot with the stablecoin issuer. Tether’s abandoned Bitcoin mining venture in Uruguay, where a former contractor estimated spending reached about $120 million across two sites, is casting a shadow over…...