Cotton bill aims to speed up US mining to challenge China’s control over minerals
Senate Republicans Pushing for US Raw Material Independence in Defense Senate Republicans are looking to strengthen the United States’ military capabilities amid increasing competition with China, aiming to reduce dependency on imported key raw materials essential for defense systems. Senator Tom Cotton from Arkansas plans to introduce legislation aimed at streamlining the extraction of U.S. […]
Bitcoin mining output declines in June due to power restrictions and weather conditions.
Several Bitcoin mining companies have reported a drop in BTC output for June, largely due to power outages in Texas. The Riot platform announced it produced 450 Bitcoins that month. The information was shared on a Thursday update. Riot’s CEO, Jason Les, mentioned that their power management strategy involves what he called “economic cuts” and […]
MARA Bitcoin Output Drops 25% Due to Challenging Mining Conditions
Simply put Mara Holdings’ Bitcoin mining output dropped by 25% in June. The company mined a total of 713 Bitcoins and secured 211 blocks during the month. As of now, the firm holds over $5 billion in Bitcoin at current market rates. Mara Holdings experienced a 25% decline in Bitcoin mining production in June, primarily […]
MARA Shares June 2025 Update on Bitcoin Production and Mining Activities, Provides Mid-Year Forecast
Targeting 75 EH/s by Year-End Miami, Florida, July 1, 2025 – Mara Holdings, Inc. (Nasdaq: MARA), a prominent player in digital energy and infrastructure, has released its Bitcoin production figures for June 2025, along with a one-year hashrate outlook. Management Insights Mara’s current capacity stands at 1.7 gigawatts (GW), with 1.1 GW readily available. The […]
American Bitcoin associated with Trump secures $220M for mining and treasury.
American Bitcoin, a majority-owned subsidiary of Hut 8, has secured $220 million to acquire Bitcoin mining equipment and enhance its Bitcoin holdings. On Friday, 11 million shares were issued through a private placement, resulting in total funds raised of $220 million, as detailed in regulatory documents. Interestingly, $10 million of the stock was traded for […]
Norway Considers Banning New Cryptocurrency Mining Operations, Targeting Bitcoin and Dogecoin
Simply put The Norwegian government is planning to implement a temporary ban on new crypto mining operations. This isn’t the first time the country has targeted crypto mining activities. Interestingly, the ruling Labour Party believes the resources currently used for mining could be better focused on community data centers and related projects. Norway is tightening […]
Bitcoin mining difficulty decreases slightly from its recent peak.
Bitcoin Mining Updates On Saturday, bitcoin mining difficulty experienced a slight decrease, settling around 126.4 trillion after hitting a record high of 126.9 trillion on May 31, marking the beginning of the last adjustment period. This data from Cryptoquant shows that both mining difficulty and network hashrate remain significantly high. These metrics indicate a substantial […]
Bitcoin mining difficulty experiences a small decline from its latest peak
Bitcoin (BTC) mining difficulty saw a slight decrease on Saturday, after hitting a record high of 126.9 trillion on May 31 during the last adjustment period. Currently, the mining difficulty stands at about 126.4 trillion units, according to data from Cryptoquant. High mining difficulty, coupled with a robust network hashrate, indicates an increase in the […]
Trump Administration Seeks to Overturn Biden-Era Mining Regulation
Department of the Interior Moves to Repeal Biden-Era Coal Regulations On Thursday, the Department of the Interior (DOI) took steps to undo regulations affecting the coal industry that were established during President Biden’s administration. The 2024 rule, which imposed stricter controls on the coal sector and enabled federal oversight of state compliance, is now facing […]
Bitdeer Increases BTC Production as Mining Sector Recovers
Simply put Bitcoin miners faced challenges earlier this year as the major digital currencies struggled. Recently, Bitcoin (BTC) surged, reaching a new all-time high in May and staying close to that peak. Miners are producing more coins, with BitDeer, which is on NASDAQ, reporting an 18% increase over the last month. In May, Bitcoin miner […]