TeraWulf Inc.’s first-quarter 2025 loss widened to $61.4 million, accompanied by a significant decline in revenues to $34.4 million. This is attributed to rising operational costs under challenging […]
MARA Stock Soars 9% After Cost-Cutting Moves
Despite missing earnings estimates for the first quarter, MARA, a prominent Bitcoin mining company, saw its stock price surge on Friday, May 9th. This upward movement is attributed […]
Bitcoin Mining Firms Face Losses Despite Revenue Growth
Despite achieving notable revenue gains in Q1 2025, Bitcoin mining firms Marathon Digital Holdings and CleanSpark reported losses. This raises questions about the long-term sustainability of these companies […]
Bitcoin Mining Giants Report Record Q1 2025 Earnings: Increased Revenue, Significant Losses
Two major Bitcoin mining companies, MARA and CleanSpark, have released their first-quarter earnings reports for 2025. The results show significant revenue increases despite substantial net losses. Both companies […]
Core Scientific Reports Record Q1 Profit Amidst Revenue Drop, Focuses on AI & HPC
Nasdaq-listed Bitcoin miner Core Scientific saw a significant boost in profits during the first quarter of 2025, generating $580 million in net income. However, despite this positive outcome, […]
Hut 8’s Hashrate Soars Despite Significant Q1 Loss
Cryptocurrency mining company Hut 8 reported a 79% increase in its hashrate during the first quarter of 2023, despite recording a $134.3 million net loss on revenue of […]
Core Scientific Secures $580 Million Profit Amid Shift to AI
Core Scientific Inc. achieved a remarkable $580 million profit in the first quarter, more than doubling its earnings from the same period last year. While this strong financial […]
Core Scientific Surprises with $580 Million Q1 Net Profit Surge
In a significant Q1 2025 financial report, Core Scientific Inc. achieved a staggering net profit of $580.7 million, largely driven by warrant valuation adjustments rather than operational mining […]
Bitcoin Mining: Tariffs Shift Global Power Dynamics
New U.S. tariffs on Bitcoin mining machines, implemented since April 2025, could significantly reshape the global mining landscape. Affecting equipment imports from Asia with a 145% tariff rate, […]
HIVE Doubles Down on Paraguay: Massive Bitcoin Mine Powered by Clean Energy
Canadian firm HIVE Digital Technologies is deepening its commitment to Bitcoin mining in Paraguay with a bold expansion plan, investing heavily in the country’s abundant and cost-effective hydropower […]
Essential Hardware for Crypto Mining in 2024: A Guide for Miners
As competition in crypto mining intensifies, selecting the right hardware is paramount. In 2024, focusing on performance, energy efficiency, and return on investment (ROI) will be critical factors […]
Russia to Reap Potential Benefits from Trump’s Bitcoin Tariffs
If President Trump implements his proposed Bitcoin tariffs, the global mining industry could see major shifts. Russia is positioned as a significant beneficiary of these potential changes due […]
Cango’s Bitcoin Mining Success: 2,944.8 BTC Accumulated
Cango Inc., a company traditionally known for its automotive transaction services, has emerged as a notable player in the cryptocurrency mining industry. The company’s recent success in Bitcoin […]
Cango Reports Decrease in Bitcoin Production for April
Bitcoin mining company Cango (NYSE: CANG) has published its production report for April, showing a decline in output. The company mined 470.0 Bitcoins in April, representing a 11.3% […]
Cango Inc. Maintains Mining Efficiency Despite Bitcoin Production Dip
Cango Inc., a leading bitcoin mining company, reported its April 2025 production update for its crypto mining operations on May 7th, 2025. The company mined a total of […]