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...
Mining
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 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...
Phoenix Group Boosts Ethiopia Bitcoin Mining Capacity to 132 MW
Phoenix Group has expanded its Bitcoin mining operations in Ethiopia, securing an additional 52 megawatts, bringing its total capacity there...
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...
LAX Cargo Theft Unveiled: LAPD Catches Suspects Behind $2.7M in Stolen Bitcoin Miners
A local news outlet reports that two individuals tied to a South American theft ring were apprehended in Los Angeles...
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,...
Kuwait Warns Against Illegal Cryptocurrency Mining
Kuwait’s Ministry of Interior has declared cryptocurrency mining illegal, citing violations of multiple laws and its strain on the country’s...
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...
Auradine Raises $153M in Series C to Boost Blockchain and AI Infrastructure
Auradine, a U.S.-based firm in energy-efficient blockchain and artificial intelligence (AI) infrastructure, has raised $153 million in a Series C...
Report: Bitdeer Eyes US Bitcoin Mining Rig Production as Industry Navigates Tariff Uncertainty
Publicly listed bitcoin mining company Bitdeer is preparing to manufacture its mining equipment in the United States, a move shaped...
Tether to Use Ocean for Decentralized Bitcoin Mining
Ocean is a decentralized bitcoin mining pool launched by longtime Bitcoin Core developer Luke Dashjr in 2023 and backed by...
