News
The mining company's losses mirror broader sector challenges, with tariffs, operating costs, and reduced block rewards weighing on profitability.
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Mining News
Mining is the process of adding and validating transaction records on the Bitcoin public blockchain ledger while securing uptime for the network. This is how the network persists without relying on trusted third parties using vulnerable, centralized infrastructure. Mining is also used to distinguish legitimate Bitcoin (BTC) transactions from attempts at double-spending, which is when a user attempts to re-spend money that has already been spent somewhere else.
What miners are actually doing is continually guessing for a specific number (the nonce) designated in the header of the following block, which has a predetermined number of zero bits. When they guess the correct number after using extensive computation power, they solve the proof-of-work and are rewarded with the protocol currency, BTC. This simultaneously serves as the minting process for Bitcoin.
Bitcoin mining has come a long way since the network’s launch in 2009. In the early days, mining was how one would participate within the Bitcoin economy, using relatively modest computation resources such as an average consumer-grade laptop to allocate hashing power to solving the proof-of-work algorithm and earn Bitcoin from the block subsidy, all while securing the network.
Since then, mining has become a multibillion-dollar global industry, with massive operations and facilities around the world using incredible amounts of resources to compete for the block rewards of many different cryptocurrencies, all the while providing critical infrastructure and security to these networks.
- Explained
Pi Network is not “dead” in the sense of being completely abandoned or defunct, but it is struggling significantly with its price, user confidence and ecosystem development.
- News
Hut 8 increased its hashrate by 79% in Q1 2025 despite reporting a $134.3 million net loss, driven by major investments and the launch of its American Bitcoin subsidiary.
4727 - How to
Browser-based crypto mining is making a quiet return in 2025, offering a low-barrier way to earn crypto, but its profitability and impact remain limited.
16343 - Explained
Yes, you can mine Bitcoin with a gaming PC — but between low performance, high electricity costs and tough competition from ASIC miners, it’s rarely worth the effort.
- News
Diversified Energy is under fire for reportedly walking away from a natural gas-powered crypto mining site in Pennsylvania without plugging wells.
2297 - News
Taking advantage of the increasingly divergent fundamentals of Bitcoin and fiat currency could be a way out for struggling miners.
10774 - Opinion
Institutional investors are driving a new era in Bitcoin mining, capitalizing on favorable US regulations and infrastructure diversification into AI.
3654 - Markets News
Bitcoin miner Riot Platforms posted a loss in Q1 2025 despite reaching a new quarterly revenue record.
1795 - News
Phoenix Group added 52 megawatts to its Ethiopian Bitcoin mining operations, raising its total there to 132 megawatts, with a reported over 500 megawatts worldwide.
2705 - Explained
Reciprocal tariffs are reshaping global trade policy — but their ripple effects could impact everything from mining hardware costs to crypto regulation.
- News
Arkansas has been resistant to crypto mining, with repeated community pushbacks over noise, energy use and sustainability concerns.
4985 - News
Cryptocurrency companies are one of five business categories ineligible to join the program.
3491 - News
The Los Angeles Police Department said it seized $2.7 million worth of Bitcoin mining rigs allegedly stolen at the city’s airport from a shipment bound for Hong Kong.
2726 - News
The Bitcoin mining company holds 19,223 BTC currently valued at nearly $1.8 billion.
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