MAB Group’s R18 Billion Valuation: A Significant Turning Point for African Mining
How Pinagale Mogodi’s Empire is Reshaping Junior Mining in Africa As we approach the end of 2025, significant attention is focused on a major development in South Africa’s mining sector. There’s a pending sale of a 40% stake in a company that could mark a crucial turning point for young miners across the continent. At […]
Stocks Close Varied with Strong Earnings and Weakness in Mining Shares
Stock Market Overview The S&P 500 Index remained stable on Tuesday, while the Dow Jones Industrial Average saw a rise of 0.47%, outperforming the Nasdaq 100 Index, which ended slightly down at -0.06%. December E-mini S&P futures dipped by 0.05%, and December E-mini NASDAQ futures fell by 0.08%. On the whole, stock indexes displayed a […]
New York Democrats Introduce Related Legislation Aiming at Proof-of-Work Mining
Simply put Assembly Bill 9138, introduced in the New York State Assembly recently, proposes a tax for proof-of-work miners based on their electricity usage, ranging from 2 to 5 cents per kWh. A related bill, Senate Bill 8518, aims to direct the tax revenue towards New York City’s energy affordability program for those with lower […]
Start US mining immediately to counter China’s serious trade risks
America’s Rare Earth Dilemma Recently, President Trump issued a warning about a potential trade war with China, highlighting a significant challenge posed by China’s control of rare earth resources. It’s essential for the U.S. to rethink its mining policies, especially after the restrictions set during the Clinton administration left us relying heavily on the Chinese […]
Trump instructs his administration to authorize disputed mining road in Alaska
Trump Administration Approves Controversial Mining Road in Alaska The White House announced on Monday that President Trump has directed his administration to back a contentious project that will enable copper and cobalt mining in Alaska. According to a fact sheet, Trump plans to instruct his team to “issue approvals promptly” for the Ambler Road project, […]
The mining choice Trump needs to reconsider
In mid-September, the Biden administration announced plans to allow oil and gas drilling in certain federally protected wilderness areas. This shift is somewhat in line with the White House’s “drill, baby, drill” philosophy, which seems almost logical given the current reliance on fossil fuels, particularly those from abroad. Yet, the pursuit of a carbon-neutral future […]
DogeHash, a Dogecoin mining company, obtains a loan to grow its operation before a takeover.
Simply put Dogecoin miner Dogehash Technologies has received a $2.5 million loan aimed at improving its mining operations. The loan is from Thumzup Media, which is looking to acquire Dogehash Technologies. Thumzup’s shares rose by 2.4% on the same day that Dogecoin dipped by 1%. Thumzup Media, a crypto treasury firm, is providing a $2.5 […]
Four people have died due to flooding in Arizona, affecting a mining town severely impacted by heavy rain.
Flooding in Arizona Claims Four Lives In Arizona, heavy rainfall has resulted in flooding that has tragically taken the lives of four individuals, prompting some residents in rural areas to seek refuge on their rooftops, according to officials. Three of the deceased were found in a town with a population of about 7,250, located approximately […]
Bitcoin network mining difficulty reaches a record high.
Bitcoin Mining Difficulty Hits Historic High This past Friday, Bitcoin (BTC) mining difficulty reached a new record of 134.7 trillion, marking the highest level ever recorded. Despite predictions suggesting that the mining difficulty would drop, it actually peaked earlier this August and steadily increased throughout the month. On the other hand, Bitcoin’s hash rate—which measures […]
Trump Brothers’ American Bitcoin Mining Stock Rises, Then Drops on First Day of Trading
Simply put American Bitcoin, with backing from Trump associates, saw its profits plummet amid trading halts after an impressive Nasdaq debut where it exceeded 80% gains. The company emerged from a merger between Hut 8 and Gryphon Digital Mining, with plans to raise $2.1 billion in stock sales for Bitcoin purchases and mining equipment. This […]