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Mining
Russia moves to relax crypto mining bans on tax revenue concerns
The executive power in Russia has suspended the expansion of a crypto mining ban that would have added several more regions to what’s already a long list of territories where the activity has been…
HIVE Digital Capacity Crosses 10 EH/s in May, Aims to More Than Double That by Year-End
Bitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per second (EH/s) in hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in…
Did a Solo Bitcoin Miner Really Win a $326,000 Reward?
A Bitcoin miner bagged a big reward of 3.151 BTC—or $326,337 at today's prices—after solving a block alone, according to blockchain data. Block 899,826 was processed by a "solo miner"—something that…
SHA256 Strikes Back: Bitcoin’s Mining Algorithm Reclaims the Throne in 2025
When 2024 wrapped up, the SHA256 consensus algorithm used by Bitcoin ranked third in profitability, but now, as we kick off June 2025, it shares the top spot, matched up with Litecoin’s Scrypt. SHA256…
BitFuFu Hits Record 34.1 EH/s Hashrate as Bitcoin Production Surges in May
Bitcoin mining firm BitFuFu posted a record-setting month in May, boosting its hashrate under management to 34.1 exahashes per second (EH/s) and producing 400 BTC, up 91% from April. Most of that…
MARA Sets Post-Halving Record With Highest Bitcoin Production Since January 2024
MARA Holdings (MARA) said it produced 950 bitcoin BTC$105,571.16 last month, the most since January 2024 and 35% more than in April, while setting a new company record by winning 282 blocks, up 38%…
MARA Hits Record-High Bitcoin Production in May
Bitcoin miner MARA Holdings, formerly Marathon Digital, set a new monthly record in May, producing 950 Bitcoin, a 35% increase from April. The BTC miner said it won 282 blocks, marking a 38%…
AI’s Power Consumption Will Dwarf Bitcoin by Year’s End, Says Study
Remember when Elon Musk made Bitcoin crash by tweeting that Tesla would stop accepting it due to environmental concerns, and everyone was worried about the environmental impact of proof-of-work…
Riot Platforms Taps Data Center Veteran to Expand Beyond Bitcoin Mining
Riot Platforms (RIOT) has hired industry veteran Jonathan Gibbs as its Chief Data Center Officer, marking a strategic move by the bitcoin miner to branch out beyond crypto into the broader data…
943 EH/s and Climbing: Bitcoin’s Mining Power Nears Historic Threshold
With bitcoin’s price consolidating following the all-time high (ATH), the network’s computational power has reached an unprecedented zenith, touching a peak of 943 exahash per second (EH/s). Bitcoin…