Cango bought 4,451 BTC for $305 million to repay debt, leaving it with 7,474 BTC in reserve because the inventory continues to commerce under $1.00. The corporate appointed former Zoom govt Jack Jin as CTO to guide its pivot into AI “inference” computing utilizing its current mining infrastructure. Regardless ofContinue Reading
Bitcoin’s sharp decline has pushed costs towards ranges that pressure mining profitability throughout the community. Price benchmarks sign stress, however precise miner economics differ extensively by scale and effectivity. Rising hashrate and weak payment income go away miners more and more uncovered to sustained worth weak point. Bitcoin’s newest drawdownContinue Reading
Bit Digital is exiting Bitcoin mining to focus totally on Ethereum staking and AI infrastructure. The corporate is now an “Ethereum treasury” agency, holding 155,227 ETH as of late 2025, with almost 90% of these property actively staked for yield. AI compute by way of WhiteFiber is the first progressContinue Reading
Bitfury, one among Bitcoin’s earliest industrial miners, is exiting mining to transition into an funding agency. The corporate plans to deploy as much as $1 billion into AI and crypto startups beginning as early because the fourth quarter of 2025. Bitfury will focus its new technique on AI, quantum computing,Continue Reading
Debt throughout Bitcoin miners has surged from US$2.1 billion to US$12.7 billion in a single 12 months, as operators race to improve fleets and combine high-performance computing HPC and AI capability. Miners are utilizing debt to take care of hashrate share in opposition to the “melting ice dice drawback” ofContinue Reading
IREN’s co-founders, Dan and Will Roberts, have sold one million shares each, cashing out roughly US$33 million apiece after the company’s stock reached all-time highs. The stock’s recent rally, which has seen its share price climb 50% since September 8, follows the news that the company had purchased 9,000 NvidiaContinue Reading
A solo Bitcoin miner struck it rich on September 7, successfully mining block #913,593 and earning a reward of 3.13 BTC, worth US$347,980. The miner, operating with a hash rate of 200 TH/s on the CKPool platform, had a chance of success of about 1 in 36,000 per day, orContinue Reading
To refocus on infrastructure, Hut 8 will move most Bitcoin mining operations to American Bitcoin. New US sites in Louisiana, Texas and Illinois add 1.53 GW of capacity. Analyst Mark Palmer raised Hut 8’s target to US$36 (AU$55.3), citing strong growth. Hut 8 Corp has announced that it will transferContinue Reading
With Bitcoin trading above $100k USD, mining a block can be extremely profitable — but the record-high hash rate has made it nearly impossible for small miners. Against the odds, a solo miner recently cracked block 910,440 via the Solo CK pool, earning 3.25 BTC plus fees — a windfallContinue Reading
IREN mined 728 BTC in July, surpassing MARA’s 703 BTC Despite a lower hashrate, IREN’s more than 90% fleet utilisation outperformed MARA’s less than 75% IREN’s share price surged 11.4% to US$18.32 and its market cap hit US$4.11b. Australian Bitcoin miner IREN Limited has outperformed its main rival, MARA Holdings,Continue Reading
