Bitcoin Mining

Bitcoin Mining Rig Maker Canaan Could Have 5X Upside, Says Wall Street Analyst

Singapore-based developer of bitcoin mining ASIC chips and rigs Canaan (CAN) has had a rough run, but could be a five-bagger, suggests Benchmark analyst Mark Palmer.

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Phoenix Group Scales Up in Ethiopia, Surpasses 500 MW Global Mining Capacity with Clean Energy Focus

Phoenix Group PLC (ADX:PHX), the Abu Dhabi-based digital asset infrastructure leader, has expanded its Bitcoin mining operations in Ethiopia by an additional 52 megawatts (MW), increasing its total ca...

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Kuwait Bans Bitcoin Mining, Citing Power Strain and Legal Violations

Kuwait’s Ministry of Interior has officially banned Bitcoin mining, citing the strain it places on the national power grid and its noncompliance with multiple local regulations.

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Galaxy Digital Deepens AI and HPC Pivot With Expanded CoreWeave Deal, Shares Surge

Galaxy Digital (GLXY) said it deepened its strategic partnership with CoreWeave (CRWV), reinforcing its ambitions in the fast-growing artificial intelligence (AI) and high-performance computing (HPC) ...

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How Some Bitcoin Mining Firms Try to Game U.S. Customs Controls

Some members of the bitcoin (BTC) mining industry are in the habit of routinely undervaluing mining rig shipments with the U.S. Customs and Border Protection (CBP) in order to reduce customs duties, m...

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Chart of the Week: ‘Dire Picture’ for BTC Miners as Revenue Flatlines Near Record Low

Hashprice, a key metric used to gauge miner revenue, is currently hovering near a five-year low, according to HashRate Index—a stark reminder of how difficult the mining business has become.

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Bitcoin Miner IREN Surges on Renewed AI Interest, Possible BTC Dividend Payment

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The Subtle Way AI Data Centers Boost Bitcoin Mining Economics

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El Salvador’s Bitcoin Stash Rises Above $500M, but Bhutan Story Might Be Even Bigger

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Michael Novogratz’s Galaxy Looks to AI Computing as Bitcoin Mining Revenue Falls

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