Bitcoin miner Cango idles 30% of its hashrate
In February, Cango's operational hashrate averaged 34.55 EH/s, with 50 EH/s of deployed capacity.All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.
Bitcoin miner Cango idles 30% of its hashrate
In February, Cango's operational hashrate averaged 34.55 EH/s, with 50 EH/s of deployed capacity.
Core Scientific Secures $500 Million from Morgan Stanley for AI Transition
Core Scientific secured a $500 million loan from Morgan Stanley. The funds will be used for AI data centers.
Falling revenues push bitcoin miners to swap crypto treasuries for AI infrastructure
Publicly listed miners are selling crypto reserves en masse and ploughing the proceeds into AI infrastructure.
American Bitcoin Expands Fleet with 11,298 ASIC Miners
American Bitcoin, a subsidiary of Hut 8, has acquired 11,298 ASIC miners for its data center in Drumheller, Canada. The equipment is scheduled for delivery and activation in March.
Core Scientific to Sell 2,537 BTC
Core Scientific plans to sell its entire holding of 2,537 BTC. The proceeds will fund its AI strategy.
MARA Miner Reports $1.7 Billion Loss and Announces Shift to AI
Bitcoin miner MARA Holding released its financial report for the fourth quarter of 2025, revealing a net loss of $1.7 billion compared to a profit of $528.3 million the previous year.
$75 Investment Yields 3.125 BTC for Solo Miner
On February 24, a solo miner successfully mined block #938092 on the Bitcoin network, earning a reward of 3.125 BTC.
Canaan Acquires Stake in Texas Mining Centres for $39.75 Million
Canaan, a cryptocurrency mining company, acquired a 49% stake in the joint venture ABC Projects from Cipher Mining for approximately $39.75 million.
Bitdeer explains why it sold all its bitcoins
Bitdeer urged investors not to worry about its bitcoin sale, saying it is raising liquidity to buy powered land.
Bitdeer Sells Entire Bitcoin Reserve
Bitdeer, the mining company led by Jihan Wu, announced in its weekly report the sale of all mined and held coins—approximately 943.1 BTC (around $64 million at the time of writing).We use cookies to improve the quality of our service.
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