Bitcoin Mining

Bitcoin Mining

Finance

Trump family-linked American Bitcoin posts $59 million Q4 loss as bitcoin price slides

The bitcoin mining company now holds over 6,000 BTC, with roughly one-third acquired through mining and two-thirds through open-market purchases and strategic transactions.

Stock market price charts (Anne Nygård/Unsplash)

Markets

Canaan buys Cipher’s 49% of West Texas mining venture for $39.75 million in stock

The transaction gives Cipher a major shareholding in the Singapore-based company.

Racks of mining machines.

Markets

UAE sits on $344 million unrealized profit from its bitcoin mining operations

Royal family-linked mining rigs are producing about 4 BTC a day, turning state-backed infrastructure into a steady sovereign bitcoin machine

Flag of the United Arab Emirates

Policy

Crypto mining can help energy volatility, Paradigm responds to policy onslaught

As U.S. lawmakers consider limits on data and mining facilities because of energy usage, the industry wants to explain that their crypto worries are unfounded.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Markets

Cipher Mining and TeraWulf are buys, MARA a sell, as Morgan Stanley begins bitcoin miner coverage

The analyst framed some bitcoin mining sites as infrastructure assets, lifting CIFR and WULF shares while MARA lags.

Morgan Stanley (Shutterstock)

Markets

Bitcoin mining difficulty drops by most since 2021 as miners capitulate

Miners are facing significant challenges, with bitcoin revenue per petahash falling by half from a peak of $70 to $35.

Data center servers

Finance

Bitfarms shares surge after it ditches its 'bitcoin company' identity and doubles down on AI with U.S. move

The company said it will focus on building data centers for high-performance computing and artificial-intelligence workloads.

Bitfarms facility in Saint-Hyacinthe, Quebec, Canada.  (CoinDesk archives)

Finance

Sovcombank says it's the first Russian bank to offer bitcoin-backed loans to public

Larger rival Sberbank beat Sovcombank to the punch, but it's still running as a pilot program.

Sovcombank office in a historic building in Vyborg. (Vesan99-Wikimedia Commons/Modified by CoinDesk)

Tech

The Protocol: Vitalik Buterin’s stark warning on layer-2 roadmap

Also: Open-source alternative for bitcoin miners, EF’s quantum-computing team and a new lending protocol for XRP

Vitalik Buterin

Markets

January rally bolsters near-term outlook for bitcoin mining stocks, JPMorgan says

Shares of mining companies rose last month despite softer bitcoin prices as storms cut the network hashrate and AI optimism grew, the bank said.

Racks of mining machines.