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News
CASE STUDY | This Bitcoin Mining Bet Shows Why Renewable Power Alone is Not a Viable Business Model
3+ hour, 8+ min ago (445+ words) Tether’s failed Bitcoin mining project in Uruguay offers a useful lesson for an industry built around one simple equation: turn cheap, reliable electricity into Bitcoin. In 2023, Tether chose Uruguay as its first major South American mining venture, describing the country…...
REALITY CHECK | Bitcoin Miners Shift Capacity Toward AI as Mining Economics Weaken Amid Over 20% Hash-Rate Drop in Q2 2026
1+ week, 2+ day ago (131+ words) Realized hash-rate among a group of public miners fell 13.4% to 319 exahashes per second (EH/s) in the second quarter from 368.3 EH/s in the fourth quarter of 2025, according to BlocksBridge Consulting. Excluding Bitdeer, the decline was 21.2%. The shift comes as miners…...
REALITY CHECK | Keel, Formerly BitFarms, Shuts Down U.S Bitcoin Mining Operations After Q2 2026 Revenue Drops Over 50% YoY
1+ week, 4+ day ago (342+ words) Keel reported a $65 million net loss and an operating loss of about $141 million, compared with operating income of roughly $11 million in the year-earlier period. Keel Infrastructure has shut down all of its U.S. bitcoin mining operations as the company shifts its…...
REALITY CHECK | One of the Largest Bitcoin Miners Sees Over Half a Billion Dollars in Losses in Q2 2026
2+ week, 4+ day ago (482+ words) MARA Holdings swung to a $611 million net loss in the second quarter, as a decline in Bitcoin prices reduced the value of its digital-asset holdings and underscored the risks of relying on mining as the company pivots toward artificial intelligence…...
REALITY CHECK | Poolin, Once the World’s Largest Bitcoin Mining Pool, Files for Bankruptcy
1+ mon, 1+ day ago (377+ words) At one point, Poolin controlled over 20% of the Bitcoin network hashrate. Poolin, once the world’s largest Bitcoin mining pool, has filed for Chapter 11 bankruptcy protection in the United States marking the final chapter for a company that was once responsible…...
BITCOIN | Another Bitcoin Mining Firm Sees Positive Economics as it Diversifies into AI Infrastructure
3+ mon, 3+ week ago (264+ words) Shares of Riot Platforms rose about 8% after the company expanded its data center agreement with Advanced Micro Devices (amd), signaling a deeper push into artificial intelligence infrastructure. The Bitcoin miner said the chipmaker exercised an option to increase its leased…...
BITCOIN | The World’s 6th Largest Bitcoin Mining Company Sells 2,000 BTC to Pay Off Debt
4+ mon, 2+ week ago (176+ words) Cango said it sold 2,000 Bitcoin in March 2026 and reduced its production costs by nearly 20% as the miner shifts focus toward improving margins and lowering debt amid volatile crypto markets. The company said its average cost of producing one Bitcoin fell…...
INSIGHTS | AI is Disrupting Bitcoin by Making Mining Increasingly Unsustainable
4+ mon, 3+ week ago (400+ words) Some miners are now effectively operating as data center providers with bitcoin mining becoming a secondary business line. Bitcoin miners are increasingly pivoting toward artificial intelligence (AI) and high-performance computing selling off their bitcoin holdings to fund the transition as…...
BITCOIN | Bitcoin Experiences One of the Sharpest Mining Difficulty Declines in 2026
5+ mon, 2+ day ago (288+ words) The decline reflects a reduction in total mining power, or hashrate, on the network. When fewer miners are active, Bitcoin automatically reduces difficulty to restore block production speed. Bitcoin’s mining difficulty dropped 7.7% in its latest network adjustment signaling continued pressure…...
BITCOIN | One of the Leading Bitcoin Miners Globally Reports Over $400 Million in Losses in 2025
5+ mon, 1+ week ago (284+ words) Bitcoin miner, Cango, reported a steep fourth-quarter loss as rising mining costs offset strong revenue growth from its crypto operations. The company posted a net loss of about $285 million in Q4 2025, driven largely by high operating expenses and one-off charges tied…...