Though the month isn’t quite over yet, bitcoin miners have already outperformed their November earnings, amassing $1.33 billion in December with two days still on the clock. Bitcoin Ends the Year With Record Hashrate and Higher Revenue This uptick in…
A report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared to last year’s crypto mining tax collection. According to a budget document released by the Kyrgyzstan Ministry of…
Hive Digital Technologies, a blockchain infrastructure firm, has announced the deployment of advanced Nvidia GPUs in Quebec, marking a significant shift toward high-performance computing (HPC) and artificial intelligence (AI). From Crypto to AI: Hive Digital’s $30M Leap This week company…
Donald Trump’s “Made in USA” Bitcoin pledge is hitting the hard wall of blockchain reality. Back in June, the ‘crypto president’ posted on Truth Social that he wanted all remaining Bitcoin to be mined in the United States. The announcement…
Ethiopia’s Grand Renaissance Dam powers Bitcoin mining, generating 18% of Ethiopian Electric Power’s revenue from digital assets. Renewable energy fuels Bitcoin mining in Africa, driving economic growth and funding impactful projects like conservation in Virunga Park. Ethiopia has leveraged its…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Merry Christmas and Happy Hanukkah to those who celebrate. Kwanzaa kicks off tomorrow too. While Santa’s elves worked hard in the holiday lead-up, bitcoin miners were…
Public mining companies have posted deep losses in 2024, based on data from Hashrate Index, tracking the biggest miners and data center operators. Despite the new all-time highs for Bitcoin (BTC), the shares of most mining entities are on track…
Last week, the price of bitcoin took a tumble, and right alongside it, the network’s computing muscle flexed down from a whopping 806 exahash per second (EH/s) on Dec. 14 to a mere 771 EH/s by Dec. 21. However, over…
Senator Ted Cruz wants Texas to be a global leader in cryptocurrency, seeing Bitcoin as a symbol of freedom. Ted supports crypto-friendly laws, runs mining rigs in West Texas, and opposes strict federal rules. With Texas already growing in crypto,…
Cleanspark targets 50 EH/s in first six months of 2025. The Bitcoin miner reached 37.5 EH/s in 2024, exceeding the projected hashrate amid expansion efforts. Bitcoin mining company CleanSpark has surpassed its 2024 operating hashrate target of 37 exahashes per…