3+ hour, 10+ min ago  (348+ words) The United Arab Emirates is sitting on roughly $344 million in unrealized profit from its bitcoin BTC$66,481.46 mining operations, according to onchain data from Arkham, making it one of the world's most significant sovereign crypto plays. Wallets tied to the UAE…...

3+ day, 7+ hour ago  (345+ words) Policymakers across North America are worrying about what the energy usage of crypto, artificial intelligence and other data centers might mean for the affordability of regular customers, but crypto investment firm Paradigm argues that the government should leave bitcoin mining…...

1+ week, 3+ day ago  (336+ words) Bitcoin's BTC$68,839.30 mining difficulty dropped by around 11%, its largest decline since China's 2021 crackdown on the industry, after a sharp decline in hashrate triggered by plunging prices and widespread winter storm-related outages in the U.S. Mining difficulty, which determines how hard it…...

2+ week, 7+ hour ago  (198+ words) Bitcoin BTC$69,270.10 is now approximately 20% below its estimated average production cost, increasing financial pressure across the BTC mining sector. The average cost to mine one bitcoin is around $87,000, according to data from Checkonchain, while the spot price has fallen towards…...

2+ week, 2+ day ago  (275+ words) Igor Runets, who founded Russia's largest crypto mining firm BitRiver, is under house arrest on tax evasion charges, Bloomberg reported on Monday. Runets was detained on Friday and is facing three charges for allegedly concealing assets to evade taxes. Runets…...

2+ week, 3+ day ago  (853+ words) BitRiver, a key player in the Russian cryptocurrency mining market, aims to raise up to $35 million by selling tokens that entitles holders to space in its data centers. The company, which operates several mining farms in Siberia for 150 megawatts in…...

2+ week, 5+ day ago  (354+ words) Bitcoin mining activity has taken its biggest hit since late 2021 after a severe winter storm in the United States forced several large mining firms to curtail operations, triggering a sharp drop in network hashrate, production and revenue. Bitcoin's total network…...

3+ week, 2+ day ago  (325+ words) AI powerhouse Anthropic, the creator of AI chatbot Claude, is about to raise $20 billion in fresh investment from venture capitalists and other investors, the Financial Times reported, in a deal that would value the company at $350 billion. The San Francisco-based…...

3+ week, 2+ day ago  (529+ words) KBW is taking a more cautious stance on the crypto mining sector. The Wall Street investment bank downgraded Bitfarms (BITF), Bitdeer (BTDR), and HIVE Digital (HIVE) from outperform to market perform. Faced with a record-low margin environment following the 2024 halving,…...

3+ week, 3+ day ago  (337+ words) As if continuing declines in the bitcoin price weren't enough, shares of bitcoin miners who have shifted their business plan to focus on AI infrastructure were mostly sharply lower Monday following Nvidia's $2 billion investment in CoreWeave. While the investment underscores…...