Mining Industry

Mining Industry

Mining machines, mining, cloud computing power...all the major mining events at a glance

43 articles
Revenue Plunges Nearly 70%, Nearly $100M Quarterly Loss, Cash Up 52%: Pickaxe Seller Forced to Mine, Canaan Struggles to Survive
Canaan's Q2 revenue plunged nearly 70%, with a net loss of $97.6 million, forcing a shift from selling mining machines to self-operated mining to survive, while cash reserves unexpectedly grew 52%. See how this hardware giant weathers the crypto winter.
算力之心
Mining company Bitari sprints toward Nasdaq listing, with only 4 employees targeting a $302 million offering valuation
Bitari, with only 4 employees, files an S-1 prospectus to sprint toward Nasdaq, with an offering valuation of $302 million. Relying on mining farm hosting, it earns over ten million in annual revenue, yet net profit is less than $200,000. The major shareholder holds over 85%, and more than half of the raised funds are bet on AI computing power transformation. Can a micro-profit landlord support a new story?
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$120 Million Wiped Out Overnight! Crypto's Most Stable Giant 'Crashes' in South America
Tether's $120 million Bitcoin mine in Uruguay has shut down, the green energy partnership broke down over power contract disputes, leaving nearly $5 million in debts and 30 employees jobless; the project ultimately ended in regret.
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Hash price rebounds 20%, is Bitcoin miners' "darkest hour" really over?
Bitcoin miners get a breather, hash price surges 20% in a single week, some high-efficiency miners return to profitability, but mining costs remain high, and whether they can truly emerge from the darkest hour remains to be seen.
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Bitcoin ETF Promoter Winklevoss Brothers Splash US$33 Million to Take 18% of Zcash Network Hashrate
Listed Company Cypherpunk Pivots to Mining Privacy Coin, Is Zcash About to Change?
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Mining Companies in Q2: Scrambling for AI Data Centers, Did Miners Make Money?
The market should not be misled by the total value of long-term contracts worth tens of billions. The real deciding factor lies in who can deliver capacity on time, convert contracts into current-period reported revenue, and who has stable power infrastructure.
Foresight News
Trump family's Bitcoin mining company posts three straight quarterly losses, can American Bitcoin survive the bear market?
Trump family-affiliated Bitcoin miner American Bitcoin has incurred three consecutive quarterly losses, with a net loss of $57 million in Q2. Its share price has plunged about 95% from its post-listing peak, forcing a reverse stock split to maintain its Nasdaq listing. Mining costs are just half the market price; can it navigate the cycle in a bear market?
华尔街见闻
比特币矿工纷纷认输，但他们的股票却飙升
比特币全网算力持续下滑，矿工难度创纪录暴跌，但上市矿企股票却逆势大涨。AI叙事驱动，矿工投降信号显现，市场面临长期算力变局。
白话区块链
MARA CEO In-depth Interview: Electricity Has Become a Core Asset in the AI Era, Bitcoin Miners' 'Energy Transition' is Imminent
Bitcoin mining will not disappear, but its role has changed. In the future, it will more often utilize surplus electricity, and the window as a medium of exchange may have passed.
吴说区块链
Bitdeer mined 990 bitcoins in one month, but that’s not what Wall Street really cares about
Bitdeer's mining output surged 388% in June but it still recorded a loss; AI cloud services with an annualized revenue of $76 million become the key to transformation; 3GW of power assets face debts and lawsuits; a time-limited race to shed the mining company label.
算力之心
How Did the Power, Talent, and Capital Left by the Crypto Cycle Systematically Nourish the AI Industry?
Bitcoin mining companies pivot to AI, transitioning from mining to data centers. Companies like CoreWeave and OpenRouter achieve a magnificent transformation as crypto capital and computing power facilities pour into the new frontier of artificial intelligence.
深潮TechFlow
Bought Bitcoin at $117,000, Sold at $62,000 in Tears: This Company’s Faith Lasted Only a Year
Empery Digital pivoted from electric motorcycles to hoarding Bitcoin, but cut losses and sold during the price halving, switching to AI data centers. Why did the treasury model fail?
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从区块链第一股到退市边缘，嘉楠科技陷入“困兽之斗”
嘉楠科技获纳斯达克180天宽限期，股价不足1美元面临退市，净亏损8870万美元，比特币矿机巨头能否绝地求生？
Foresight News
Amid US heatwave, power grid issues red alert, Bitcoin mining becomes scapegoat?
Amid US power grid crisis, Bitcoin miners shut down and earn high compensation instead, AI data centers are the real power guzzlers, mining companies accelerate transformation into data center operators.
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Anthropic pours $19 billion into a Bitcoin mining company
Bitcoin mining company TeraWulf signs a 20-year, $19 billion lease with AI giant Anthropic, stock price surges 15%. The mining company transforms into a 'big landlord', seizing scarce electricity and land resources, locking in future cash flow.
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A $300 secondhand mining rig mined a Bitcoin block worth $230,000.
A $300 desktop mining rig mining a $230,000 Bitcoin block has a probability of 1 in 149 million, proving that Satoshi Nakamoto's decentralized design is still alive.
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Iren has gone mad: selling mining rigs, buying GPUs, and its stock price has risen by 16%.
IREN's stock price surged after the release of its financial report. The company dismantled 5,800 mining machines and recorded a $140 million impairment charge. It is fully transforming into an AI computing power company, signed a $3.4 billion contract with Nvidia, and sold off all of its daily Bitcoin mining operations.
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AI Transformation That 1.1 Million Stock Options Can't Secure: The Computing Power War Behind Riot Executive Departures
A senior executive at Riot Platforms, North America's largest Bitcoin mining company, abruptly resigned, giving up $18.7 million worth of stock. The company's transformation into an AI data center faces multiple challenges, including power system upgrades and technical standards, causing projects to stall. Where exactly has this dramatic transformation stalled?
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CoinShares Bitcoin Mining Report: Hashrate Prices Hit 5-Year Low, 20% of Older Mining Machines Are Now Losing Money
Mining companies are shifting to AI/HPC (high-performance computing) on ​​a large scale, and the industry is splitting into two major camps: "pure mining" and "AI infrastructure".
吴说区块链
Bitmain, embroiled in controversy, has found its strongest backer in the United States.
Bitmain's transformation from a target of US national security investigations to a key partner of the Trump family reveals its political and crypto alliance with Eric Trump in building a super mining farm in Texas, and how Antminer dominates the global mining market.
Foresight News