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Mining
Kyrgyzstan crypto mining tax collection falls 50% year-over-year in 2024
A report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared to last year’s crypto mining tax collection. According…
Blockchain realities threaten Trump’s “Made in USA” Bitcoin promise
Donald Trump’s “Made in USA” Bitcoin pledge is hitting the hard wall of blockchain reality. Back in June, the ‘crypto president’ posted on Truth Social that he wanted all remaining Bitcoin to be mined…
Bitcoin Miner Hive Bets Big on AI Boom With $30 Million Nvidia GPU Deployment in Quebec
Hive Digital Technologies, a blockchain infrastructure firm, has announced the deployment of advanced Nvidia GPUs in Quebec, marking a significant shift toward high-performance computing (HPC) and…
Bitcoin ends the year with gains, but mining stocks are deeply in the red
Public mining companies have posted deep losses in 2024, based on data from Hashrate Index, tracking the biggest miners and data center operators. Despite the new all-time highs for Bitcoin (BTC), the…
BTC miners spend differently — here’s why
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Merry Christmas and Happy Hanukkah to those who celebrate. Kwanzaa kicks off tomorrow too. While Santa’s elves…
Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover
Last week, the price of bitcoin took a tumble, and right alongside it, the network’s computing muscle flexed down from a whopping 806 exahash per second (EH/s) on Dec. 14 to a mere 771 EH/s by Dec.…
Russia Bans Crypto Mining in 10 Regions Until 2031: Key Details Revealed
Russia has announced a major decision to regulate cryptocurrency mining by banning it in 10 regions until 2031. The restrictions, which will start in January 2025, aim to balance energy usage while…
Texas an Oasis for Bitcoin says the only Bitcoin Miner in US Senate
Senator Ted Cruz wants Texas to be a global leader in cryptocurrency, seeing Bitcoin as a symbol of freedom. Ted supports crypto-friendly laws, runs mining rigs in West Texas, and opposes strict…
Starboard targets Riot Platforms’ inefficiencies in a plan to unlock billion-dollar growth
Bitcoin mining giant Riot Platforms might be sitting on a goldmine—one it hasn’t fully tapped into yet. Starboard, one of the most aggressive activist investors in the US stock market, has taken a…
Marathon Digital warms 80,000 Finnish homes with heat generated from Bitcoin mining
Marathon Digital Holdings is redefining the narrative around Bitcoin mining by repurposing its excess heat to benefit communities in Finland. In a Dec. 20 statement on X, the company said it provides…