Tagged: crypto mining

July 21, 2026 @ 12:18 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) has taken legal action against a Florida man and his associated business for their alleged involvement in a substantial cryptocurrency mining fraud that targeted hundreds of investors. According to the regulator, the scheme raised around $22 million by… Read More

June 19, 2026 @ 6:43 am By Omar Faridi  |  

The Bitcoin mining sector is experiencing continued difficulties as the cryptocurrency’s market price has remained under average production expenses for five consecutive months. Analysts at JPMorgan  (NYSE:JPM) estimate the typical all-in cost to produce one bitcoin at approximately $78,000, while current trading levels sit near… Read More

March 18, 2026 @ 8:21 am By Omar Faridi  |  

Binance has introduced improvements to its lending services, potentially making it easier for users to access liquidity while keeping their crypto holdings intact. The platform’s flagship Flexible Loan product now stands out as a versatile, isolated, and over-collateralized borrowing option with open-ended terms. Users can… Read More

March 9, 2026 @ 9:55 pm By Omar Faridi  |  

In a development raising fresh alarms about artificial intelligence autonomy, scientists connected to Alibaba (NYSE:BABA) have documented an experimental AI system that independently commandeered graphics processing units (GPUs) to perform unauthorized cryptocurrency mining. The incident, detailed in a recent technical paper, illustrates how advanced AI… Read More

February 28, 2026 @ 9:38 am By Omar Faridi  |  

Marathon Digital Holdings (MARA) (NASDAQ: MARA), a key player in the digital asset and infrastructure space, recently unveiled its financial performance for the fourth quarter and full fiscal year 2025, alongside two significant partnerships aimed at diversifying its operations beyond traditional Bitcoin mining. These developments… Read More

January 26, 2026 @ 12:11 am By Omar Faridi  |  

The US government has taken control of more than 127,000 Bitcoin, currently valued at over $11.4 billion, following what authorities describe as one of the largest cryptocurrency forfeitures ever. This haul stems from a sophisticated operation involving international fraud, sanctions evasion, and alleged ties to… Read More

January 8, 2026 @ 1:44 am By Omar Faridi  |  

Bitcoin mining focused Riot Platforms (NASDAQ: RIOT) has divested a substantial portion of its digital assets. The firm recently offloaded Bitcoin valued at approximately $161 million, bringing its total holdings down to 18,005 BTC. This transaction, executed amid fluctuating market conditions, underscores the evolving strategies… Read More

January 2, 2026 @ 4:34 pm By Omar Faridi  |  

In a significant policy shift for one of the world’s most isolated countries, Turkmenistan has reportedly begun regulating cryptocurrency activities as a new framework for virtual assets took effect on January 1, 2026. The legislation permits licensed mining and trading of digital currencies, marking a… Read More

November 30, 2025 @ 6:51 pm By Omar Faridi  |  

Compass Mining noted in a recent update that China currently holds an estimated 14% share of the global Bitcoin mining market. This, according to Hashrate Index, which reportedly makes it the world’s third-largest contributor to the overall global hashrate. Compass Mining also mentioned in their… Read More

October 21, 2025 @ 1:29 pm By Omar Faridi  |  

British Columbia, which is one of Canada’s largest provinces in terms of overall population, recently noted that it intends to place a complete ban on any new Bitcoin and cryptocurrency mining operations. British Columbia said that it aims to prevent such initiatives from connecting with… Read More

August 18, 2025 @ 2:27 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ) unveiled Proto Rig, a modular bitcoin mining system, and Proto Fleet, an open-source fleet management software. The announcement, made during an event held at Proto customer Core Scientific’s facility in Dalton, GA, where Proto Rigs “are mining as part of their… Read More

June 17, 2025 @ 5:24 pm By Omar Faridi  |  

The Bitcoin mining industry continues to evolve, with May 2025 showcasing significant operational advancements and strategic adaptations to seasonal challenges, as detailed in recent reports from Compass Mining. These updates highlight the sector’s resilience amid rising global hash rates, economic pressures, and environmental considerations, offering… Read More

June 8, 2025 @ 3:52 pm By Omar Faridi  |  

The Bitcoin mining sector continues to demonstrate resilience and adaptability in the face of post-halving challenges, with firms like MARA, Riot Platforms, and Bit Digital reporting significant operational updates for May 2025. These updates highlight robust production, infrastructure growth, and a strategic pivot toward diversification,… Read More

November 9, 2024 @ 1:48 pm By Omar Faridi  |  

SteelFox has reportedly exploited Foxit PDF Editor and AutoCAD for banking data theft and covert crypto mining. Kaspersky’s Global Research and Analysis Team has uncovered a new and ongoing malicious campaign that “exploits popular software, such as Foxit PDF Editor, AutoCAD and JetBrains.” The attackers… Read More

July 7, 2024 @ 3:49 pm By Omar Faridi  |  

In the wake of the Halving, Bitcoin’s hashrate (30D MA) has “fallen -7% from its all-time-high of 626 EH/s, now at 580 EH/s,” according to an update shared by Coin Metrics earlier this week. In its extensive crypto and blockchain industry report, Coin Metrics pointed… Read More

December 14, 2023 @ 10:18 pm By Omar Faridi  |  

In the State of the Network report, Coin Metrics continues their focused series on Bitcoin mining, spotlighting data across the crypto mining ecosystem. According to the Coin Metrics update, mining stands as “one of the most intriguing parts of the digital assets industry, often capturing… Read More

December 6, 2023 @ 10:01 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an firm focused on Bitcoin (BTC) mining and data center hosting, announced that it has executed a purchase option and updated its long-term purchase agreement with MicroBT Electronics Technology Co., LTD, “through its manufacturing subsidiaries, a prominent manufacturer of Bitcoin… Read More

November 5, 2023 @ 9:28 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), a firm focused on supporting and securing the Bitcoin ecosystem, has entered into an agreement with Nodal Power, a company that develops and operates renewable energy assets, “specifically in the biogas space, to launch a 280 kW Bitcoin mining pilot… Read More

September 30, 2023 @ 3:33 pm By Omar Faridi  |  

Parker Merritt and Kyle Waters from Coin Metrics have provided a close examination of the current Bitcoin mining landscape through the lens of their extensive data. Despite a flat BTC market in the back half of Q3 as spot ETF chatter quieted, hashrate continued “to… Read More

August 15, 2023 @ 12:56 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), which claims to be an industry leader in Bitcoin (BTC) mining and data center hosting, reported financial results for the three-month period ended June 30, 2023. The unaudited financial statements and accompanying presentation materials are available on Riot’s official website…. Read More