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 on institutional bitcoin mining companies. The latest edition of our Bitcoin mining... Read more »

Bitmain Unveils ‘Most Efficient’ Mining Rig Amid Market Shift

Bitmain has launched the Antminer S23 Hydro series, featuring a performance of 580 terahash per second (TH/s) and a power consumption of 5,510 watts, making it the “most efficient” mining rig available.... Read more »

Publicly Traded Bitcoin Miners Slide as Sector Sees Broad Losses

Bitcoin mining stocks experienced widespread declines Wednesday, with most major publicly traded firms in the sector in the red. Bitcoin Mining Stocks See Red Across the Board Galaxy Digital Holdings, leading by... Read more »

Bitcoin Mining Just Got Tougher as Difficulty Spikes and Hashrate Slips

On Saturday, at block height 897,120, Bitcoin’s mining difficulty increased by 2.13%, reaching 121.66 trillion and marginally raising the computational challenge required to uncover new blocks. Bitcoin Mining Difficulty Climbs Past 121... Read more »

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 by investment bank H.C. Wainwright & Co., which will earn a commission... Read more »

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 to 132 megawatts and surpassing 500 megawatts globally across five countries. Development... Read more »

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 over 80% of reported activity. Bitcoin mining is now 52.4% reliant on... Read more »

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 former Twitter CEO Jack Dorsey. Ocean to Power Tether’s New Decentralized Bitcoin... Read more »

Zettahash on the Horizon: Bitcoin’s Hashrate Nears 1 ZH/s as Miners Face Squeeze

As bitcoin’s valuation languishes near its weakest point since last year—with hashprice, the projected daily earnings for one petahash per second (PH/s) of mining capacity, receding to $40—the network’s computational muscle has... Read more »

Eric Trump calls Bitcoin a top store of value and a powerful hedge against real estate

Key Takeaways Eric Trump embraces Bitcoin as “immediately liquid” and one of the best stores of value. Trump supports clearer crypto regulations and believes US stablecoins can save the dollar. Share this... Read more »