Cryptocurrency Mining | ForkLog

ForkLog 65 02.04.2025

US Senator Proposes Support for Eco-Friendly Bitcoin Mining

US Senator Ted Cruz from Texas has introduced a bill aimed at utilizing energy resource extraction waste for mining the first cryptocurrency. My legislation, the FLARE Act, incentivizes entrepreneurs and crypto miners to utilize natural gas that would otherwise be stranded. https://t.co/fvb1nog3ix pic.twitter.com/8uCWtyOY29 — Senator Ted Cruz (@SenTedCruz) April 1, 2025 The “Facilitating Large-scale Access […]

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ForkLog 19 02.04.2025

Trump-Linked Mining Firm to Go Public

The mining company American Bitcoin plans to go public and attract additional private capital before its stock market debut, according to Bloomberg. On March 31, Hut 8 announced the creation of a subsidiary focused on bitcoin mining. Previously, the firm acquired an 80% stake in American Data Centers, in exchange for nearly its entire fleet […]

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ForkLog 83 01.04.2025

A16z Invests in Blockchain AI Project Positioned as Bitcoin Alternative

The Ambient network project, positioned as an alternative to the leading cryptocurrency, has attracted $7.2 million from a16z, Delphi Digital, and Amber Group, according to CoinDesk. The blockchain aims to provide “superintelligent AI” quickly, cheaply, and openly. Ambient co-founder Travis Good is convinced that Bitcoin’s encryption mechanisms are “becoming obsolete” and may “completely lose relevance […]

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ForkLog 24 31.03.2025

Hut 8 Partners with Eric Trump to Launch American Bitcoin

Hut 8 announced the creation of a subsidiary, American Bitcoin, focusing exclusively on Bitcoin mining and developing a cryptocurrency reserve. Previously, Hut 8 acquired a controlling stake in American Data Centers, backed by a group of investors led by Eric Trump and Donald Trump Jr., in exchange for a fleet of mining rigs. As part […]

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ForkLog 28 31.03.2025

How ETFs and miners are reshaping bitcoin’s growth cycles

The debut launch of spot bitcoin ETFs in the United States was a landmark for the crypto industry and TradFi. Contrary to sceptics, the new vehicles quickly gained popularity, as reflected in aggregate trading volumes, cumulative inflows and the multi-billion AUM of exchange-traded funds. The scale of institutional interest in ETFs points to their significant […]

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ForkLog 11 29.03.2025

Mining Farm Discovered at Former Cannery in Dagestan

A large mining farm has been discovered in the village of Khadzhalmakhi, Dagestan, on the premises of a former cannery. This was reported by the acting director of “Dagenergo,” Arsen Gadzhiev. The site was found to have 89 devices illegally connected to the power grid. According to Gadzhiev, the miners operated around the clock, overloading […]

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ForkLog 109 26.03.2025

Coin Metrics Reports Increased Bitcoin Sales by Small Miners

In the first quarter of 2025, bitcoin flows to exchanges from large miners remained relatively stable, while sales volumes by smaller industry players steadily increased, according to a report by Coin Metrics. New @Coinmetrics State of the Network: Q1 2025 Bitcoin Data Special By @TanayVed One year post-halving, Bitcoin miners are adapting- but pressure is […]

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ForkLog 56 24.03.2025

Mining Ban in Russia Reduces Energy Consumption by 300 MW

Restrictions on cryptocurrency mining in several Russian regions have led to an average reduction in energy consumption of 300 MW. This was reported by Kommersant, citing data from the Ministry of Energy. The largest reduction—320 MW—occurred in Siberian regions: parts of the Irkutsk region, Buryatia, and the Trans-Baikal Territory. According to ministry representatives, the mining […]

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ForkLog 85 21.03.2025

Lukashenko Endorses Construction of Mining Farms in Mogilev Region

In the Mogilev region of Belarus, preparations have commenced for the construction of cryptocurrency mining farms. This initiative has received the backing of the country’s president, Alexander Lukashenko. The announcement was made by Anatoly Isachenko, the chairman of the regional executive committee, as reported by Belta. Isachenko stated that the region possesses suitable sites with […]

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ForkLog 16 21.03.2025

Illegal Mining Operations Halted in Karachay-Cherkessia with Seizure of 247 Rigs

In the Karachay-Cherkess Republic, law enforcement officials have shut down three illegal cryptocurrency mining operations. One of these operations caused damage amounting to 4.17 million rubles, according to a press release. The perpetrator rented a non-residential building on the outskirts of a village and installed 186 miners that operated around the clock. Modifications to the […]

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ForkLog 43 21.03.2025

SEC Clarifies PoW Mining Not Linked to Securities

The U.S. Securities and Exchange Commission (SEC) has clarified that mining using the Proof-of-Work consensus algorithm does not constitute an offer or sale of securities. “Accordingly, in the agency’s view, mining participants do not need to register transactions with the Commission under the Securities Act, nor do they fall under any of the registration exemptions […]

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ForkLog 53 21.03.2025

Bernstein Lowers 2025 Forecasts for Bitcoin Miners’ Stocks

Analysts at Bernstein have reduced their target prices for the stocks of miners IREN, CleanSpark, and Riot Platforms for 2025. This was reported by The Block, citing the company’s report. “This year, bitcoin miners have experienced a painful correction (20–40%), while the cryptocurrency fell by 10%,” stated analysts led by Gautam Chhugani. Overall, the miners’ […]

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