BITPRISMIA
Central Asia, particularly Tajikistan and Kazakhstan, is experiencing a surge in illegal Bitcoin mining operations, causing significant damage to national energy infrastructures and prompting government action.
Paraguay's power provider states that Bitcoin mining is not causing energy issues, with plans to expand mining capacity to 1,000 MW by the end of 2025, utilizing surplus renewable energy from the Itaipú Dam.
Greenidge Generation Holdings, a Nasdaq-listed cryptocurrency miner, reported a significant production of 110 BTC in Q2, highlighting its operational capacity in the competitive Bitcoin mining industry.
Russia's seizure of over 8,000 illegal crypto miners in Irkutsk, Siberia, highlights a significant crackdown on unauthorized crypto mining, reflecting a global trend towards stricter regulation of energy-intensive crypto activities.
Bitfarms demonstrated strong Q2 performance with strategic Bitcoin sales, generating significant revenue and maintaining a robust BTC holding.
Ethiopia has halted issuing new electricity permits for crypto mining due to a power shortage, impacting 25 active Bitcoin mining operations and highlighting infrastructure challenges for the industry in Africa.
Two Seas Capital opposes CoreWeave's $9 billion buyout of Core Scientific, arguing the offer undervalues the company and unfairly benefits CoreWeave, leading to a positive market reaction and potential renegotiation.
Hut 8 reported a significant Q2 profit of $137.5 million, showcasing strong financial performance and strategic Bitcoin holdings, positioning it as a leader in the crypto mining industry.
The US has imposed new tariffs of up to 21.6% on Bitcoin mining rigs imported from Southeast Asia, significantly increasing costs for miners and prompting considerations of overseas expansion.
CleanSpark, a Nasdaq-listed Bitcoin mining company, mined 671 BTC in July, bringing its total self-mined Bitcoin reserves to approximately 12,700 BTC, highlighting its growth and efficiency in the crypto mining sector.