Gemini Mines Bitcoin With Tesla Cybertruck
At the current Bitcoin 2025 conference, Gemini showed a live presentation combining electric vehicle technology and Bitcoin mining.
The company unveiled a “Cyberbeast” edition Tesla Cybertruck , wrapped in branded Bitcoin-themed vinyl that mined bitcoins on-site using a Bitaxe device. The reveal was part of a larger marketing campaign tied to the lottery.
Gemini Produces Bitcoin Using Cybertruck
Specifically, Gemini's demo showed how the Cybertruck, equipped with an 845-horsepower tri-motor system and the ability to tow up to 11,000 pounds, could also function as a mobile mining rig.
Bitcoin mining using Cybertruck ⚡️ @SoloSatoshi pic.twitter.com/4rlyemPToV
— Gemini (@Gemini) May 28, 2025
Interestingly, the company behind this mining operation was Bitaxe, a compact and energy-efficient Bitcoin miner. This particular model was developed by Solo Satoshi, a company that offers solutions for home Bitcoin mining.
The model used in the demo is the Bitaxe Gamma. Interestingly, the miner connects via Wi-Fi, operates quietly, and is designed for easy installation, making it suitable for both home and portable mining.
The demonstration was the result of Gemini’s collaboration with Solo Satoshi at the conference. Solo Satoshi makes open-source mining hardware for private users. The company reported selling more than 10,000 miners last month, adding more than 10 petahashes (PH) to the total global computing power .
Cybertruck Giveaway by Gemini
Meanwhile, the demonstration was part of Gemini's Cybertruck sweepstakes , open to U.S. residents aged 18 and over. The promotion, which runs from May 19 to June 18, 2025, offers two winners a Tesla Cybertruck “Cyberbeast” edition, each worth about $113,735.
Winners will also receive a $2,000 stipend to travel to buy a car and a cash prize to cover taxes. Notably, participants can submit one entry for every $50 spent using a Gemini credit card or traded on the Gemini exchange.
Each member can make up to 20,000 entries, of which a maximum of 10,000 can be made using a card, 10,000 through trading activity or using alternative entry methods.
Bitcoin Mining Trends 2025
Meanwhile, the marketing push comes at a time of significant change in the Bitcoin mining sector . The April 2024 halving reduced the mining reward from 6.25 BTC to 3.125 BTC, leading to lower revenues.
Last month, hashprice , a measure of revenue per terahash per second, fell to $0.049, down from $0.12 a year earlier. At the same time, network difficulty reached an all-time high of 123 trillion, requiring more energy-efficient rigs to maintain profitability.
Despite the challenges, the global hashrate continues to increase. The total network hashrate has now reached 831 exahashes per second (EH/s), with peaks reaching 921 EH/s earlier this month.
That’s a 77% increase from the 2024 low of 519 EH/s, thanks to new hardware deployments and rising Bitcoin prices. For context, Bitcoin recently hit a new all-time high near $112,000, and some analysts are suggesting it could reach $225,000 later in 2025.
Source: cryptonews.net
