News with the tag "Mining"

Paraguayan authorities have disrupted an attempted theft at a crypto mining facility near the Itaipu hydroelectric dam, resulting in one arrest and the deportation of three foreign nationals. On May 15, prosecutor Irene Rolón confirmed that four individuals were intercepted after breaking into a res...

While cryptocurrencies put in a flattish performance on Friday with bitcoin BTC churning around $104,000, crypto-related stocks were having a moment to shine. Crypto mining and data center firms such as Cipher Mining (CIFR), Hive Digital (HIVE), Hut 8 (HUT) and TeraWulf (WULF) booked 10%-20% gains o...

Kazakhstan is pushing forward with plans to modernize its energy system through digital mining and expand crypto trading beyond the Astana International Financial Centre economic zone. In an op-ed published in Kazakhstanskaya Pravda, Kanysh Tuleushin, First Vice Minister of Digital Development, Inno...

Vinanz, a Bitcoin-focused firm listed on the London Stock Exchange, has secured $4 million to expand its U.S. operations and pursue a potential Nasdaq listing. London-listed Bitcoin ( BTC ) mining firm Vinanz has secured up to $4 million in investment from an undisclosed “global asset manager,” with...

Pi Network has surged to become the 6th top social app in Finland, driven by its innovative blockchain model and strong community engagement. The anticipation around a significant announcement from

Bitcoin mining firm Hut 8 significantly expanded its operational capacity in Q1 2025, reporting a 79% increase in hashrate. Despite this milestone, the company posted a net loss of $134.3 million on revenue of $21.8 million, according to its latest earnings report released on May 8 . CEO Asher Genoo...

Hut 8 Corp. reported a steep first-quarter loss and a nearly 58% revenue drop, as the lingering effects of last year’s Bitcoin halving and costly equipment upgrades took a toll. Bitcoin ( BTC ) mining firm Hut 8 Corp. posted a sharp downturn in its first-quarter financials, swinging to a significant...

Get ready for a number that might make your eyes widen: $82,162. That’s the estimated average cost for publicly-listed companies to mine a single Bitcoin during the fourth quarter of 2024. This figure, reported by cryptocurrency market insight platform Unfolded based on CoinShares data, highlights a...

Bitcoin mining firm Marathon Digital Holdings Inc. (MARA) has significantly increased its Bitcoin assets, marking a strategic shift in its investment approach amid fluctuating market conditions. Despite boosting its Bitcoin

Are you following the latest developments in cryptocurrency regulation around the globe? The landscape is constantly shifting, and recent news from the Middle East highlights a significant pushback against unauthorized digital asset activities. Specifically, Kuwait crypto mining operations are facin...