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Mining
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,…
Marathon Digital Downgraded to Sell at Compass Point, Citing Unsustainable Cash Burn
Investment bank Compass Point downgraded MARA Holdings (MARA) to a sell rating from neutral on Tuesday, citing unsustainable cash burn. “There's better ways to get BTC beta,” analysts wrote in the…
Kuwait Cracks Down on Illegal Crypto Mining to Protect National Grid
Kuwaiti authorities are cracking down on illegal crypto mining, with over 60 individuals now under investigation, as part of a sweeping campaign to root out unlicensed operations. The country's Public…
Riot Produces 463 BTC in April During Strategic Transition
Riot Platforms (NASDAQ: RIOT) produced 463 Bitcoin in April 2025, down 13% from March but up 23% year-over-year, according to its latest unaudited monthly production and operations report. The company…
Bitcoin Miners With HPC Exposure Underperformed BTC for Third Straight Month: JPMorgan
Bitcoin (BTC) mining companies with high-performance computing (HPC) exposure underperformed the world's largest cryptocurrency for the third month in a row in April, Wall Street bank JPMorgan said in…
Bit Digital raising $500M for cloud service pivot as BTC mining profit margins tighten
Bit Digital, a global platform for high-performance computing (HPC) infrastructure and digital asset mining company, has announced plans to raise up to $500 million through an at-the-market (ATM)…
Bitcoin Miners Catch a Break: Network Difficulty Slides 3.34%
After four straight difficulty hikes beginning March 9, the Bitcoin network finally eased up—registering a 3.34% downward adjustment that offered miners a welcome moment of relief. Bitcoin Network…