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Mining
Malaysia’s Largest Energy Firm Reports 300% Rise in Crypto-Linked Power Theft
Malaysia's largest national electric utility company, Tenaga Nasional Berhad (TNB), is helping authorities crack down on electricity theft tied to illegal crypto mining operations in the country,…
Bitmain Antminer L7 Profitability in 2025
The Bitmain Antminer L7 is an ASIC crypto miner specialized for the Scrypt algorithm, which is used to mine the popular cryptocurrencies Litecoin and Dogecoin. The Bitmain Antminer L7 produces 9,160…
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 929 exahash per second (EH/s), a horsepower figure that…
Public Keys: Mining Malaise, Coinbase Miss and Hey, Who’s the New Kid?
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Bitcoin miners wrangle with malaise, Coinbase tries a little misdirection ahead of its…
Bitcoin Miner MARA Stock Surges Despite Earnings Miss as Analysts Applaud Cost Cutting
Bitcoin miner MARA Holdings (MARA) stock outperformed peers on Friday, even after its first quarter results missed Wall Street's estimates, as the company's focus on lowering costs is seen as positive…
CleanSpark Reports $181.7M in Q2 Revenue, Stays on Course to Hit 50 EH/s Bitcoin Mining Target
CleanSpark, American Bitcoin mining company, announced its financial results for the second quarter of fiscal year 2025, reporting $181.7 million in revenue for the three months ended March 31. This…
MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC
MARA Holdings, Inc. (NASDAQ: MARA) has reported first quarter 2025 earnings, announcing $213.9 million in revenue—a 30% increase from Q1 2024—as the company continues its transformation into a digital…
Kuwait Escalates Illegal Crypto Mining Crackdown, Questioning 116
Kuwaiti authorities have ramped up their crackdown on illegal crypto mining, launching investigations into 31 cases and questioning 116. According to reports in local media, the investigations involve…
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 bitcoin mining capacity, including a newly operational 20 MW facility in…
Will China Drop Its Bitcoin Mining Ban Amid Trump’s Tariff Pressure?
A recent Cambridge report confirms that the United States now leads global Bitcoin mining, prompting questions about how China will respond. Though the country has long held an anti-crypto stance,…