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Mining News
Crypto news and analysis in this category · 34 stories
Mining news: hashrate and difficulty, miner revenue, hardware, energy, public mining companies and their pivot to AI data centers, and how the halving affects the industry.
The section has 34 stories; the latest was published .
Riot Platforms Repays $200M to Coinbase and Releases CollateralRiot Platforms repaid its $200M credit line to Coinbase Credit and released collateral. According to an SEC filing, payments were completed Monday witStarcloud to Install ASIC on Satellite for BTC Mining by Year-EndNvidia-backed Starcloud plans to launch the Starcloud-2 satellite with ASIC miners by year-end, starting solar-powered BTC mining in orbit.AI Now Outpaces Bitcoin Mining Profits, Says Meltem DemirorsMeltem Demirors says capital is pouring into AI, not crypto. Miners are pivoting to HPC, raising Bitcoin security risks—even as network difficulty adaMiners Bet Big on AI: $35B in Debt, $30B Poured Into Data CentersCrypto miners are pivoting to AI, racking up ~$35B in debt and investing $30B in data centers. If AI demand cools, they'll still have to pay up.Ex-Hut 8 CEO Jaime Leverton Tapped to Lead Zcash Miner FortitudeZcash miner Fortitude brings on ex-Hut 8 CEO Jaime Leverton as CEO, eyeing expansion and a planned public listing. What this leadership move means forBitdeer Mines 1,310 BTC in August, Pulls In $86M from AI ServicesBitdeer mined 1,310 BTC in August 2023 (+249% YoY) with a self-mining hash rate of ~79.9 EH/s. AI division revenue hit ~$86M. Expansion in Bhutan and Public Bitcoin Miners Bleed: BTC Production Cost 29% Above MarketIn Q2 2026, public Bitcoin miners fell below break-even for the first time, CoinShares reports. Average BTC production cost hit $75,500 vs $58,400 marEthiopia Slashes Bitcoin Miners’ Power by 77% Amid Hydropower ShortageEthiopia cut electricity to Bitcoin miners by 77% due to a hydropower shortage, shifting energy to homes and industry—even though miners brought in 35BitFuFu Cranks Up Bitcoin Mining by 55% in August—Hashrate Hits 20.6 EH/sBitFuFu boosted its bitcoin mining output by 55% in August, hitting 174 BTC as hashrate jumped to 20.6 EH/s. CleanSpark mined 593 BTC, Canaan lagged aPizza Delivery Bag Mines Bitcoin and Keeps Your Pie HotA pizza courier built a delivery bag with a Bitaxe miner inside: up to 4.1 TH/s, 74W power draw, and it keeps the pizza warm at about 40°C during deliZcash Mining Profits Surge: Double the Rewards per Rig vs BitcoinGrayscale: Zcash (ZEC) mining rewards are now twice as high as Bitcoin per device and four times higher per megawatt-hour, boosting hashrate and netwoHIVE Mining Pulls in Over $1M Daily From BTC and GPU CloudOn August 21, HIVE hit $1 million+ in daily revenue, raking in 12 BTC per day (~2% of global mining) plus $100,000 from its GPU cloud services.Mexican Authorities Bust Illegal Crypto Mining Farm Near Hydroelectric PlantPolice in Puebla, Mexico, shut down an illegal crypto mining farm with 300 rigs stealing power from a federal hydro plant. Equipment seized, investigaHyperscale Data Shuts Down Michigan Bitcoin Mining for $1.2B AI Data CenterHyperscale Data halts Michigan bitcoin mining to build a $1.2B+ AI data center, with expansion options over $3B. Mining operations continue in MontanaHyperscale Data Shuts Down Michigan Bitcoin Mining, BTC Holdings Drop 79%Hyperscale Data ends Bitcoin mining in Michigan, slashing BTC reserves by 79% to 215 BTC as it pivots funds to a local AI data center project.Bitdeer Drops $100M on Texas Land for AI and HPC Center ExpansionBitdeer has snagged around 200 acres in Milam County, Texas for $100M, boosting its AI/HPC and mining operations near Rockdale with up to 742 MW capacAnthropic Taps Hut 8’s Texas Campus in $35B Lambda Compute DealAnthropic is set to deploy 350 MW of compute at Hut 8’s Beacon Point campus in Texas via a $35B deal with Lambda, with Nvidia providing hardware.IREN's AI Cloud Revenue Surpasses Bitcoin Mining for First TimeIn Q4 2026, IREN's AI Cloud pulled in $70.5M, topping Bitcoin mining's $66.7M. Total revenue hit $137.2M, but a $684M net loss followed asset write-doBitcoin’s 23% Rally Sends Mining Stocks Soaring Past AI PlaysBitcoin’s 23% surge has sparked a wild run in mining stocks like Canaan, American Bitcoin, and Cango—jumping up to 67% and outpacing AI sector gains.Bitdeer Mines Record 1,190 BTC in July, Grabs 8.7% of Bitcoin NetworkBitdeer hit a new monthly high with 1,190 BTC mined in July—up 20% from June and 322% year-over-year. Their network share jumped to 8.7%. Hashrate: 76Uzbekistan to Build $5.11B Bitcoin Mining Hubs in KarakalpakstanUzbekistan is investing $5.11B to build three Bitcoin mining centers and three data centers in Karakalpakstan, plus a $3.3B wind farm with Acwa.Bitdeer Launches Wind-Powered Bitcoin Mining Farm in TexasBitdeer is rolling out a wind-powered Bitcoin mining farm at the Kati 1 site in Texas, adding 1.93 EH/s of hash rate. The phased rollout starts this STether Shuts Down Uruguay Mining Project: Key Details RevealedGet the inside scoop on why Tether closed its Uruguay mining project, how the market is reacting, and what it means for USDT and the broader crypto spMiners and AI Firms Drop $30.7B on Hardware UpgradesCrypto miners and AI operators have spent $30.7 billion on hardware in a push for more power and efficiency. Find out what's driving up costs and resh