#bitcoin-mining

Chun Wang, the Chinese-born Maltese-Kittitian crypto investor who co-founded F2Pool, has been named Mission Commander for SpaceX’s first commercial human spaceflight interplanetary mission to Mars, crucial to Elon Musk’s plans to send one million people to the Red Planet. Wang, whose mining pool controls roughly 11.3% of the global Bitcoin network hashrate and whose personal bitcoin assets are…

Bhutan is quietly unwinding one of the most unusual bitcoin experiments any government has ever run. The Royal Government of Bhutan transferred roughly 319.7 BTC worth $22.68 million to two addresses on Thursday, according to Arkham Intelligence data. Roughly 250 BTC went to a wallet previously used to route funds for sale via Galaxy Digital and OKX. Another 69.7 BTC was sent to a new, unmarked…

Bitcoin’s hash rate is tumbling as the Middle East conflict drives up energy prices, adding pressure to the mining sector and broader market. The drop in hash rate is likely tied to geopolitical tensions due to the war against Iran and surge in oil prices, given that an estimated 8% to 10% of global bitcoin mining operates in energy markets sensitive to energy costs. With hash rate down roughly…

Proceeds from Bitcoin sales have paid for healthcare, environmental programs, and government worker salaries in Bhutan — a detail that puts the kingdom’s latest crypto move in sharper focus. Related Reading A Small Nation With A Big Bitcoin Strategy On Monday, blockchain analytics firm Arkham flagged a transfer of 175 Bitcoin, worth roughly $11.85 million, out of Bhutan’s main government…

Sovcombank, the ninth-largest Russian bank by assets, said it became the first financial institution in the country to offer bitcoin-backed loans to individuals and corporations who legally own digital assets. The move follows a pilot program by state-owned Sberbank, which in late December issued the first such product to mining firm Intelion Data. While crypto-secured lending remains limited…

TeraWulf (WULF) rose 11% on Tuesday pre-market after news that the firm acquired two power-heavy industrial sites, more than doubling its energy and computing footprint to 2.8 gigawatts (GW). The sites — one in Hawesville, Kentucky, and the other in Morgantown, Maryland —add 1.5 gigawatts of capacity, the firm said in a late Monday press release. The company said this will help it meet demand for…

Shares of bitcoin mining companies that have shifted business plans to cater to artificial intelligence (AI) infrastructure were big winners in 2025, a run they continued into the new year. And if big tech’s earnings this year are any indications, they might continue to reap the benefit of the pivot. Fourth-quarter results and 2026 outlooks released Wednesday evening from tech giants Meta (META)…