Demand for crypto mining equipment surges 3x in Russia’s booming market
Russia’s crypto mining sector is booming, with demand for equipment tripling in just a year. What’s behind this rapid growth? According to a latest report from the Russian news agency PRIME, in Q4 2024, Russia saw a threefold increase in demand for industrial mining equipment and services compared to the same period the year before. […]
What is a crypto mining farm? A guide to cryptocurrency mining
Crypto mining farms are large setups where digital currencies are created. Mining is how new coins enter circulation, with Bitcoin being the first to be mined back in 2009. As of early 2025, thousands of coins are out there, contributing to a market worth over $3.4 trillion, but only a handful of them can actually […]
Bitcoin miner Canaan rolls out mining rigs as home heaters at CES 2025
Bitcoin miner manufacturer Canaan has introduced the Avalon Mini 3 and Nano 3S, rigs that mine crypto while also doubling as home heaters. Canaan, a tech company known for its ASIC chip design and development, is taking another shot at something other mining companies have experimented with: making Bitcoin (BTC) mining rigs that double as […]
Riot stock gains 3% after mining update: holds 17,722 BTC
Riot Platforms, Inc. shared its December 2024 production update. The company mined 516 Bitcoin in December, a 4% increase from November. Riot Platforms achieved a 4% monthly production increase and completed the first phase of its Corsicana Facility while holding over 17,700 Bitcoin by year-end. The full hash rate activation remains ongoing, with a careful […]
UAE’s Bitcoin mining firm Phoenix Group expands in US ahead of Nasdaq listing: report
Abu Dhabi-listed Phoenix Group deepens its U.S. footprint with the opening of a 50 MW crypto mining site in North Dakota. Phoenix Group has opened a 50 MW crypto mining facility in North Dakota, as the Abu Dhabi-based firm doubles down on its plan to expand Bitcoin (BTC) mining operations in the U.S., per an […]
Mining company MARA lent out 7,377 BTC to third parties in 2024
According to MARA, the mining company’s Bitcoin holdings are now valued at $4.2 billion, assuming a price of $93,354 per BTC. Source link
Bitcoin to $225,000? Analysts predict a profitable year for Bitcoin mining stocks
Bitcoin mining stocks could see massive growth in 2025, according to a report by H.C. Wainwright & Co. The equity research estimates that the market cap of Bitcoin mining companies will surpass $100 billion in 2025, up from $36 billion in 2024—a nearly 200% increase. This surge is attributed to improving mining economics and the […]
African crypto revolution continues as Ethiopia ranks among global BTC mining leaders
2024 was a pivotal year for Ethiopia as it generated around $1 billion in BTC mining profits due to its access to cheap, reliable, and renewable energy sources. Africa is a region producing fintech unicorns that provide the highly unbanked (and equally highly “smartphonized”) population and merchants with payment solutions. Companies like TymeBank, Moniepoint, and […]
A complete guide to mining LTC
Litecoin is an early-stage altcoin developed by a former Google Engineer, Charlie Lee in October 2011. Lee wanted to create a cryptocurrency faster than Bitcoin and easily accessible, with the aim to process a block in every two and a half minutes compared to ten minutes of bitcoin. So, let’s look at how to mine […]
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 to a budget document released by the Kyrgyzstan Ministry of Economy and Finance, cryptocurrency mining taxes have fallen by 50% this year. Crypto mining tax […]
