SHA256 Strikes Back: Bitcoin’s Mining Algorithm Reclaims the Throne in 2025
When 2024 wrapped up, the SHA256 consensus algorithm used by Bitcoin ranked third in profitability, but now, as we kick...
Mining
Riot Hires Data Center Chief as Bitcoin Miner Ramps Up HPC and AI Hosting Plans
Riot Platforms (NASDAQ: RIOT) has appointed Jonathan Gibbs as its new Chief Data Center Officer (CDCO) as the company pushes...
Bitcoin Miners Bank Big in May—Highest Monthly Earnings Since the Halving
Figures logged in May show that bitcoin miners achieved their most lucrative month since the network’s fourth halving in April...
Theminermag Bitcoin Mining Update: April/May 2025
This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research...
Bitmain Unveils ‘Most Efficient’ Mining Rig Amid Market Shift
Bitmain has launched the Antminer S23 Hydro series, featuring a performance of 580 terahash per second (TH/s) and a power...
Hashpower Hot Zones: North America, Eurasia, and Latin America Lead Bitcoin’s Hashrate Race
At press time, the Bitcoin network hashrate is cruising along just above the 900 exahash per second (EH/s) range and...
Compass Mining, Synota Redirect Bitcoin Hashrate to Fund Energy and Healthcare Initiatives
Compass Mining has partnered with Synota’s “Impact Mining” initiative to redirect a portion of bitcoin mining revenue toward subsidizing energy...
Behind-the-Meter Bitcoin Mining: Sangha Renewables Breaks Ground on 20 MW Texas Site
Sangha Renewables is turning West Texas sunshine into bitcoin, breaking ground on a 20 MW mining facility powered by solar...
Canadian Bitcoin Miner POW.RE to Acquire Swiss Firm Block Green
Canadian bitcoin mining firm POW.RE Holdings Limited announced plans to acquire Swiss bitcoin liquidity protocol Block Green AG in a...
Bitcoin Mining Stocks Continue Rally as Applied Digital Leads Friday’s Gains
Bitcoin-mining stocks closed higher Friday, with Applied Digital Corporation jumping 22.18% to top the leaderboard. Bitcoin Miners Rally as Volatility...
Bitcoin’s Hashrate Hits New Peak as Miners Ride Price Wave
Riding bitcoin’s climb to levels last glimpsed in early February, the network’s raw processing muscle has rocketed to a record-setting...
Phoenix Group Mines 350 Bitcoin in Q1, Bolsters North American Operations With Texas Facility
This week, Phoenix Group PLC reported $31 million in Q1 2025 revenue alongside progress toward 500 megawatts (MW) of global...
Bit Digital Aims for $500M Raise to Fuel HPC, Cloud Expansion
Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering. The offering will be facilitated...
Bitcoin Miners Catch a Break: Network Difficulty Slides 3.34%
After four straight difficulty hikes beginning March 9, the Bitcoin network finally eased up—registering a 3.34% downward adjustment that offered...
Bitcoin Miners Bleed $40M in April as Fourth Straight Revenue Drop Deepens the Crunch
Bitcoin miners brought in $40 million less in revenue during April than they did in March, marking the fourth straight...
Terengganu Police Dismantle Bitcoin Mining Syndicate in Electricity Theft Crackdown
Terengganu police and Tenaga Nasional Berhad (TNB) dismantled a syndicate accused of stealing electricity to power illegal bitcoin mining operations...
Green Bitcoin? Over 52% of Mining Now Uses Sustainable Energy
The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining, collectively controlling...
Coinshares: Bitcoin Hashpower Set to Hit One Zettahash by July
A Coinshares report predicts Bitcoin’s network hashpower will likely reach 1 Zettahash per second (ZH/s) by July 2025. Reaching 1...
After Nearly 100 EH/s Exodus, Block Times Stretch to 10:34—What’s Next for Bitcoin Miners?
Over the past week, data reveals that the Bitcoin blockchain has witnessed the departure of nearly 100 exahash per second...
Alert: Bitcoin Mining Could Collapse Paraguay’s Power Grid by 2029
The Paraguayan Industrial Union (UIP) stated that if demand continues to rise due to the growth of bitcoin mining activities,...
Hashprice Below $40? Mining Report Paints a Stark Picture for Bitcoin Miners
Bitcoin miners face the tightest margins since 2023, warns theminermag.com’s Head of Research Wolfie Zhao, as hashprice flirts with critical...
Bitcoin Miners Press on as Difficulty Climbs 1.42% in Early Saturday Adjustment
Around 4 a.m. Eastern time Saturday, when Bitcoin’s block height reached 893,088, the network difficulty ratcheted upward to a new...
