Bitcoin Mining News
Bitcoin Miner Cango Sells $305M in BTC to Fund AI Compute Push
Bitcoin miner Cango sold 4,451 BTC for roughly $305 million to repay part of a Bitcoin-backed loan and accelerate its expansion into AI comp...
Bitcoin’s 50% Plunge Puts Miners Under Severe Cost Pressure
Bitcoin’s slide has brought mining costs back into focus, exposing wide disparities between efficient operators and those nearing breakeve...
Bit Digital Exits Bitcoin Mining, Goes All-In on Ethereum and AI Infrastructure
Bit Digital plans to fully wind down its Bitcoin mining operations, calling the business an increasingly inefficient use of capital as it pi...
Bitfury Quits Bitcoin Mining to Launch $1B Ethical Tech Investment Firm
Bitcoin pioneer Bitfury is pivoting from mining to investing, planning to deploy US$1B into AI and crypto startups and decentralised systems...
Scaramuccis Back Trump Family’s Bitcoin Miner With Over US$100M Despite Political Rift
American Bitcoin secured US$220M (AU$336.6M) pre-IPO, led by Solari Capital with backing from Tony Robbins, Hoskinson, Grant Cardone, and Di...
VanEck: Bitcoin Miners’ Debt Surges Sixfold Amid AI and Hashrate Arms Race
Debt across Bitcoin miners has surged from US$2.1 billion (AU$3.26 billion) to US$12.7 billion (AU$19.69 billion) in a year as operators rac...
New York Lawmakers Push Tax on Bitcoin Miners Over Energy Use
New York legislators have unveiled a proposal to introduce a new tax on cryptocurrency mining operations, citing the industry’s high elect...
Founders of Sydney-Headquartered IREN Cash Out $66M as Firm Becomes World’s Most Valuable Bitcoin Miner
IREN co-founders Dan and Will Roberts sold one million shares each last week, cashing out about US$33 million (AU$49.5 million) apiece as th...
Solo Miner Strikes Gold: Wins $347K Bitcoin Block Against the Odds
On September 7, a lucky solo miner managed to mine Bitcoin block #913,593, earning 3.13 BTC, valued at US$347,980 (AU$516,720). The block in...
Hut 8 to Spin Out Mining Ops, Expands US Capacity With 1.53 GW Buildout
Hut 8 Corp has announced that it will transfer the majority of its Bitcoin mining operations to a separate entity called American Bitcoin wi...
Solo Miner Defies Odds, Nets $371K by Hitting Rare Bitcoin Block
I’m sure many of our readers have considered setting up a mining rig. With the price of Bitcoin over $100k USD ($154k AUD), successfully h...
IREN Overtakes MARA as Top Bitcoin Miner by Hashrate and Efficiency
Australian Bitcoin miner IREN Limited has outperformed its main rival, MARA Holdings, becoming the industry leader in hashrate efficiency an...