Doug Burgum: Mining and Energy Employment Provide Reliable, Lasting Careers
Interior Secretary Discusses Importance of Mining and Energy Jobs During an event with Breitbart News, Interior Secretary Doug Burgum emphasized that careers in mining and energy can provide “solid long-term” opportunities. He noted the ideas of “Drill, Baby, Drill” and “Map, Baby, Map,” highlighting the role of lands managed by the Interior Department for the […]
Report: U.S. Sanctioned Chinese Mining Firms Dominate 6 Percent of Nicaragua
According to a Nicaraguan newspaper, due to lucrative gold mining contracts with the communist government, five Chinese gold mining companies, which are under U.S. sanctions, now manage 6 percent of Nicaragua’s total land. Nicaragua’s governing regime, led by Daniel Ortega and Rosario Murillo, has established long-term gold mining agreements with at least 15 Chinese firms, […]
Bitcoin mining groups controlling 75% of BTC hash power adopt open standard for building blocks
Major Step Toward Decentralization in Bitcoin Mining Recently, a significant shift toward decentralization in Bitcoin mining took place when seven leading mining pools decided to support the same open standards. Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND have all joined the Stratum V2 working group, as announced last week. Stratum V2 is […]
IREN Price Target Reduced as Bernstein Anticipates Company Shifting from Bitcoin Mining to AI
Bernstein Adjusts Price Target for IREN Amid AI Transition On Monday, analysts at Bernstein reduced their price target for IREN’s stock from $125 to $100 per share. However, they still consider it a leading choice among stocks focused on artificial intelligence. The firm noted that the company’s shift into a large-scale AI cloud provider is […]
IREN Price Target Reduced as Bernstein Predicts Shift from Bitcoin Mining to AI
Simply put Bernstein has maintained its Outperform rating for IREN, but has lowered the price target from $125 to $100, attributing this change to declines in Bitcoin mining and stock dilution. The company is pivoting away from Bitcoin mining and focusing on AI cloud services, with a significant contract with Microsoft expected to generate $1.94 […]
US Government Has a Bitcoin Node, But Is Not Mining BTC: US Admiral
Simply put A senior military official has stated that the U.S. government is currently operating nodes on the Bitcoin network to examine its potential for cybersecurity. Admiral Samuel Paparo indicated that the military sees Bitcoin mainly as a means to enhance network security. He also expressed support for the stablecoin legislation, which he believes will […]
Keel and Hive Stocks Rise as Firms Transition from Bitcoin Mining to AI
Simply put Shares of KEEL Infrastructure (KEEL) and Hive Digital Technologies (HIVE) surged on Wednesday. Both companies shared news about their evolving AI initiatives, moving away from Bitcoin mining. Bitcoin is currently trading around $79,000, reflecting a 4% increase over the last 24 hours. Stocks of KEEL and HIVE, which have shifted focus from being […]
Bhutan has sold 70% of its bitcoin in a year and a half, and it might have also halted BTC mining.
Bhutan’s Uncommon Bitcoin Experiment Unravels Bhutan is quietly winding down one of the most intriguing Bitcoin initiatives ever attempted by a government. According to Arkham Intelligence data, the Royal Government of Bhutan moved around 319.7 BTC, valued at approximately $22.68 million, to two different addresses recently. About 250 BTC went to a wallet known for […]
Venezuela Enacts New Mining Legislation to Draw U.S. and International Investment
Venezuela Introduces New Mining Law to Attract Foreign Investment On Thursday, Venezuela’s parliament approved a new mining law that aims to promote private entrepreneurship as the socialist government attempts to draw in U.S. and foreign investments following years of strict regulations. Controlled by the ruling United Socialist Party of Venezuela (PSUV), Congress has unanimously sanctioned […]
Using a quantum computer to target bitcoin mining would take as much energy as a star, researchers suggest.
Concerns Over Quantum Computing and Bitcoin Security Headlines increasingly warn that Bitcoin might be on the edge of disaster, as emerging quantum machines promise to breach its encryption within minutes or overwhelm the entire network. Yet, academic studies offer a more nuanced perspective. Many high-profile “breakthroughs” hinge on simplified problems that don’t align with actual […]