Riot Platforms reported record revenue of $161.4 million in the first quarter of 2025, more than doubling its $79.3 million revenue from a year ago, according to its latest earnings report. The Bitcoin (BTC) miner […]
Bitcoin miner Riot Platforms reported its highest-ever quarterly revenue, but still posted a loss as mining costs have nearly doubled compared to the same period last year amid efforts to expand its facilities. “We achieved […]
The Los Angeles Police Department has recovered $2.7 million worth of Bitcoin mining machines it alleges were stolen by a crime ring in a heist at the city’s airport. The LAPD said on April 22 […]
Update (April 30, 2025, 8:03 AM): This article has been updated to correct share price data. The previously included data referred to London-based insurance firm Phoenix Group Holdings plc. Bitcoin mining firm Phoenix Group announced […]
Sustainable energy accounts for more than half of Bitcoin (BTC) mining consumption as of the first quarter, according to the Cambridge Centre for Alternative Finance’s Digital Mining Industry Report. Despite higher energy consumption, the industry’s […]
Nvidia’s accelerator program appears to sidestep digital assets startups, with its help section listing crypto-focused companies as ineligible to join the tech giant’s global network of founders. According to the program website, crypto companies and […]
Kuwait’s Ministry of Interior has outlawed Bitcoin mining, citing excessive power consumption and violations of national regulations. In an April 22 statement, the government warned that crypto mining operations in the country are unauthorized and […]
The average cost to mine one Bitcoin (BTC) increased sharply in the fourth quarter of 2024, reaching $82,162 among publicly listed miners, representing a 47% quarterly increase, according to a recent CoinShares industry report. The […]
The planning commission of Vilonia, Arkansas, unanimously rejected a proposal to establish a cryptocurrency mining facility within the city limits, following strong opposition from residents. According to local reports, the decision came after weeks of […]
Bitcoin miner Riot Platforms has entered into a $100 million credit agreement with Coinbase, using its BTC holdings as collateral. According to the firm, the facility will be accessed through staged withdrawals over two months […]
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