Mining
12 stories
Bitcoin miners using AI as a bear market escape plan just got a new rival in Elon Musk
Elon Musk’s SpaceX has turned one of the world’s largest artificial intelligence clusters into a commercial compute product, creating a new challenge for Bitcoin miners racing to recast themselves as AI infrastructure companies. Anthropi...
Marathon Earnings Beat on AI Diversification as Pure-Play Mining Margin Narrows
MARA reported a 12% revenue beat on Wednesday, driven largely by its HPC colocation business. Pure-play hash revenue margins compressed again, as they have every quarter since the halving.
Bitcoin Mining Difficulty Hits All-Time High Eleven Months After the Halving
The hashrate has fully absorbed the reward cut. New ASIC deployments in West Texas and Ethiopia are pushing the network's compute toward a new equilibrium.
Bitmain's S23 Pro Shortage Is Reshaping the ASIC Resale Market
Next-gen Antminer delivery timelines have slipped by an average of 11 weeks. Second-hand S21 Pros are trading at a premium. The supply chain story is, as usual, the real story.
Kazakhstan Loses Another 1.2 GW of Hashrate as Power Allocation Policy Sours
The country, once the world's second-largest Bitcoin mining hub, has now lost roughly 70% of its peak hashrate. The latest exodus is driven by a new power tariff structure.
Ethiopia's Bitcoin Mining Capacity Doubles on Renaissance Dam Power
The country's total hashrate reached 4.1 EH/s in March, making it the fastest-growing mining jurisdiction in the world. The government sees the industry as a dollar-earning export.
First Dedicated Nuclear-Powered Mining Site Goes Live in Pennsylvania
A 280MW operation has begun drawing power directly from Talen Energy's Susquehanna nuclear plant. The pilot is the first of its kind in the United States to use a behind-the-meter structure.
Foundry's Share of Bitcoin Hashrate Crosses 32%, Reviving Pool Centralization Debate
The U.S.-based mining pool now processes nearly a third of all Bitcoin blocks. Protocol-level discussions of pool-independent mining — including Stratum V2 — are moving faster as a result.
Post-Halving Mining Economics Are Forcing New Revenue Models Into the Open
Hash-backed lending, block template auctions, and MEV-style extraction are all being built out simultaneously. The pure-hashrate-for-block-reward model is not enough at current margins.
Sweden Moves to Reclassify Mining as a Non-Eligible Industry for Green Power
The Riksdag is set to vote next week on a bill that would exclude cryptocurrency mining from renewable energy allocation programs. Operators are preparing exit plans.
U.S. Share of Bitcoin Hashrate Slips Below 35% as Emerging-Market Capacity Grows
Cambridge's latest country-level data shows the U.S. share of global hashrate at 34.1%, down from a peak of 42% in late 2024. The rebalancing is visible, not yet dramatic.
CleanSpark Posts Record Quarterly Revenue, Raises 2026 Hashrate Guidance to 80 EH/s
The miner reported $298 million in Q1 revenue on Thursday, ahead of consensus estimates. Management raised its year-end hashrate target by 8 EH/s, citing supply chain visibility.