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Cryptonews Tags Bitcoin Mining

# Bitcoin Mining

All #Bitcoin Mining

Technology News
Eskom Grid Surges to 60.6%—Is South Africa Poised for Its Bitcoin Mining Plan?

Eskom’s Dan Marokane steers 60.6% grid recovery into a bold gamble—turning surpluses and decades of crisis into hope for digital-era revenue.

, by Hassan Shittu
Bitcoin News
MARA Holdings Invests $20M for Minority Stake in Two Prime, Increases BTC Allocation to 2,000
MARA Holdings, a leading Bitcoin mining company, has taken a minority stake in Two Prime, an institutional investment adviser managing $1.75 billion in assets.
, by Amin Ayan
Features
AI Firms Pivot to Bitcoin Mining with Data Center Power
AI firms are now using excess data center power to mine Bitcoin — a move that could help stabilize grids and improve energy efficiency.
, by Jeffrey Gogo
AI Company CoreWeave Will Buy Bitcoin Mining Giant Core Scientific for $9 Billion
Bitcoin mining company Core Scientific has revealed that AI infrastructure firm CoreWeave will acquire it in an all-stock transaction. According to the press release, the transaction will close in the fourth quarter of this year. Core Scientific stockholders will receive 0.1235 newly issued...
, by Sead Fadilpašić
Solo Bitcoin Miner Strikes Gold, Nets Nearly $350,000 from Single Block
A solo Bitcoin miner has defied extraordinary odds, successfully mining an entire block and earning just under $350,000 in Bitcoin rewards.
, by Amin Ayan
IMF Rejects Pakistan’s Energy Plan for Bitcoin Mining – What Does This Mean for Its Crypto Ambitions?
The International Monetary Fund (IMF) has rejected Pakistan’s proposal to offer subsidised electricity tariffs for crypto mining operations. Per local reports, the government is still engaged with international institutions to refine the plan. “As of now, the IMF has not agreed,” said Secretary...
, by Sujha Sundararajan
Bit Digital Ditches Bitcoin Mining for an All-In Ethereum Staking Play, Raises $163M
Nasdaq-listed Bit Digital has completed a $163 million equity raise specifically to purchase Ethereum, marking a dramatic pivot from Bitcoin mining to ETH treasury accumulation as the company seeks to become a "pure play" staking operation. According to the announcement, B. Riley Securities led...
, by Anas Hassan
CoreWeave Returns With New $1B+ Bid for Core Scientific After Rejection
CoreWeave is back at the negotiating table with a renewed push to acquire Core Scientific, according to a report from The Wall Street Journal. The AI-focused cloud infrastructure firm is reportedly in advanced talks to buy the Bitcoin mining and hosting giant, after a previous $1 billion bid...
, by Hassan Shittu
Bit Digital Pivots From Bitcoin Mining to ETH Staking Strategy, Stock Drops 8%
Bitcoin mining firm Bit Digital has announced that it is exiting its mining operations to focus solely on Ethereum staking. The company has initiated the transition to become a “pure play” ETH staking and treasury company. The company said Wednesday that it plans to sell its Bitcoin mining...
, by Sujha Sundararajan
Russian Crypto Mining Chief: Bitcoin Could Hit $130k Before Summer Is Out
A Russian crypto mining firm executive has claimed Bitcoin (BTC) prices could climb to the $130k mark in the second half of summer 2025. The claims came from Vasily Girya, the owner and CEO of the industrial player GIS Mining, the Russian Prime news agency reported. Girya said: “The crypto...
, by Tim Alper
Trump’s Tax Bill Could Squeeze Bitcoin Miners Who Rely on Solar Power
Trump’s "big, beautiful bill" could increase energy costs for Bitcoin miners by 10%–15%. Can the renewed 100% bonus depreciation offset the loss?
, by Jeffrey Gogo
Russian Power Firm Launches Bitcoin Mining Mutual Investment Fund
A Russian power firm has launched the nation’s first bitcoin mining-related closed-end mutual investment fund (CEF). The Russian newspaper Vedomosti reported that the fund is called Crypto Factory. It is the brainchild of the Penza-based gas power unit provider Power Systems and the financial...
, by Tim Alper
Chinese Bitcoin Hardware Titans Control 95% of Market, Now Coming to America to Dodge Trump Tariff War
Three of China's largest Bitcoin hardware manufacturers are establishing production facilities in the United States as President Donald Trump's tariff policies reshape the cryptocurrency industry. The three industry leaders, Bitmain, Canaan, and MicroBT, collectively control over 90% of the...
, by Anas Hassan
Bitcoin Hashrate Breaks a New All-Time High – Is a Massive $BTC Price Rally Next?
Bitcoin has hit yet another milestone as its network hashrate reached a new all-time high of 1.046 zettahashes per second, marking the strongest security level in the cryptocurrency's 16-year history. This hash rate breakthrough occurs at a time when approximately 93.3% of Bitcoin's total...
, by Anas Hassan
IMF Warns Against Pakistan’s Power Push for Bitcoin Mining, AI Data Centers
The IMF is pushing back on Pakistan’s plan to allocate 2,000 megawatts of electricity for Bitcoin mining and AI data centers.
, by Amin Ayan
Pakistan Reserves 2,000 MW to Power Bitcoin Mining and AI Centers
Pakistan has committed 2,000 megawatts of surplus electricity to fuel Bitcoin mining and artificial intelligence centers.
, by Amin Ayan
Paraguay Foils Crypto Mining Theft Near Itaipu Dam, 3 Deported, 1 Arrested
Paraguayan authorities have disrupted an attempted theft at a crypto mining facility near the Itaipu hydroelectric dam.
, by Amin Ayan
Power Thefts from Illegal Crypto Mining Jumped 300% in 6 Years: Malaysian Electricity Board
Tenaga Nasional Berhad (TNB), Malaysia's largest electricity utility provider, noted that power thefts linked to illegal crypto mining have soared 300% from 2018 to 2024. The board added that illegal mining has increased due to the global crypto transactions, local media reported. TNB derived...
, by Sujha Sundararajan
Crypto Miner Hut 8 Boosts Hashrate 79% in Q1 Despite $134M Net Loss
Bitcoin mining firm Hut 8 significantly expanded its operational capacity in Q1 2025, reporting a 79% increase in hashrate.
, by Amin Ayan
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