News
The mining company's losses mirror broader sector challenges, with tariffs, operating costs, and reduced block rewards weighing on profitability.
16546
Bitcoin Mining News
Bitcoin mining involves solving complex mathematical puzzles, validating transactions and securing the network. Miners compete to find the correct hash, adding new blocks to the blockchain and earning rewards in the form of newly minted Bitcoin (BTC). Notably, a new Bitcoin block is mined every 10 minutes on average.
Bitcoin mining has undergone a significant evolution since its early days. Initially, miners utilized CPUs and GPUs for mining. As demand increased, specialized hardware called ASICs (application-specific integrated circuits) emerged, drastically enhancing mining efficiency. In recent years, a noteworthy trend has been the shift toward renewable energy sources for mining operations. Miners are increasingly adopting eco-friendly solutions, minimizing the environmental impact of energy-intensive mining processes.
Mining can be done individually (solo mining) or collaboratively in groups (mining pools). Solo miners solve blocks independently, receiving the entire reward. In contrast, mining pools combine computational power, share profits and increase the chances of earning rewards collectively. This collaborative approach has become popular due to its steadier income stream.
- 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.
4771 - News
Held explores how Bitcoin can move beyond the "digital gold" narrative, rebrand for the next wave of users and navigate new political and technological frontiers.
8369 - News
Rootstock’s merged mining hit an all-time high in Q1 2025, even as DeFi TVL dropped 20% and user activity cooled across the Bitcoin DeFi ecosystem.
2727 - 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
Core Scientific’s first quarter results saw it more than double its net income from a year ago, but its revenues missed analyst estimates.
9212 - News
Diversified Energy is under fire for reportedly walking away from a natural gas-powered crypto mining site in Pennsylvania without plugging wells.
2321 - News
Hive Digital Technologies president and CEO Aydin Kilic said Hive is not engaging in short-term regional arbitrage but sees Paraguay as a long-term clean energy partner.
4539 - News
Taking advantage of the increasingly divergent fundamentals of Bitcoin and fiat currency could be a way out for struggling miners.
10786 - Opinion
Institutional investors are driving a new era in Bitcoin mining, capitalizing on favorable US regulations and infrastructure diversification into AI.
3660 - Markets News
Bitcoin miner Riot Platforms posted a loss in Q1 2025 despite reaching a new quarterly revenue record.
1799 - 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.
2708 - News
Arkansas has been resistant to crypto mining, with repeated community pushbacks over noise, energy use and sustainability concerns.
4985 - 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.
2728 - News
The Bitcoin mining company holds 19,223 BTC currently valued at nearly $1.8 billion.
8924