Bitmine Immersion Technologies has raised $280 million to push deeper into Ethereum infrastructure, marking a sharp pivot away from its Bitcoin mining roots. The market wasn’t exactly impressed: BMNR shares sold off after the announcement, showing investors still want hard proof, not just a fresh narrative with shiny hardware attached. $280 million raised through a […]
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Illinois is hitting the brakes on a tax perk that has helped data centers and crypto miners keep costs down, and the timing could make bitcoin mining in the state a lot less attractive starting July 1. Tax break pause: Illinois is suspending data center tax incentives starting July 1. Higher costs: Bitcoin miners could […]
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Sphere 3D has completed its all-stock acquisition of Cathedra Bitcoin, a sign that bitcoin mining consolidation is still very much alive while smaller operators keep getting squeezed by thin margins, power costs, and brutal competition. Sphere 3D completed its acquisition of Cathedra Bitcoin The deal was structured as an all-stock transaction More bitcoin mining consolidation […]
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Bolivia is reportedly repurposing an idle power plant to support Bitcoin mining, a move that could turn wasted energy into productive output while raising the usual questions about what “sustainable” actually means in crypto. Bolivia is linked to a Bitcoin mining initiative using an idle power plant. The setup is being described as a more […]
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Bitcoin mining is turning into a capital-sucking meat grinder, and some of the biggest public miners are responding by selling Bitcoin reserves, chasing AI revenue, and scrambling for more flexible ways to stay alive. Network hashrate remains near record highs, crushing mining profitability Hashprice has collapsed, making each unit of mining power far less valuable […]
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IREN Secures Up to _3 Billion to Pivot From Bitcoin Mining to AI Data Centers is going all-in on a shift from Bitcoin mining to AI data centers, backed by a roughly $2.6 billion to $3.0 billion convertible note raise that could reshape the company’s future. The wager is simple enough: sell power, space, and […]
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Bitcoin mining profitability is getting squeezed again just as more public miners shove money, power, and ambition into AI and data centers. The brief bounce in economics looks like a false dawn, not a turn in the weather. Difficulty is rising again BTC price weakness is crushing margins AI and HPC are becoming the escape […]
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Strategy, the Bitcoin-heavy corporate treasury firm formerly known as MicroStrategy, is leaning harder into BTC just as mining economics get nastier. That’s not a coincidence. It’s a signal that the market is rewarding conviction, scale, and balance-sheet discipline while squeezing out everyone else. Strategy is doubling down on Bitcoin Mining margins are getting tighter Only […]
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Bitcoin Was Changed Forever on This Day 16 Years Ago On May 10, 2010, Laszlo Hanyecz posted a simple Bitcointalk guide that helped push Bitcoin from home-computer hobby to full-blown mining arms race. It was a breakthrough for network security, a punch in the gut to Satoshi’s early idealism, and one of those moments that […]
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Bitcoin mining is getting squeezed from every angle, and seven major pools are now lining up behind Stratum V2 as margins tighten. It’s a smart move for efficiency and miner control, but it won’t paper over the brutal economics hammering the sector. Seven major pools joined the Stratum V2 working group Open mining protocol aims […]
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