Malaysia’s power crisis deepens as illegal crypto mining drains resources which, in turn, has pushed authorities to intensify raids, arrests, and equipment seizures. Malaysia was rocked by an unexpected discovery on Tuesday when an explosion and billowing smoke from a house along Lorong Cekara Purnama, Bandar Puncak Alam, led authorities...
US Officials Crack Down on Bitcoin Mining Hardware Imports: Report
Bitcoin miners in the US face growing uncertainty as customs detainments of foreign ASICs increase. Bitcoin mining hardware is facing increased scrutiny from US officials. Recent seizures at entry points hint at a broader enforcement push that could impact major manufacturers and miners alike. At the request of the Federal...
Despite Crypto’s Growth, Coinbase Remains the Only Major Public Exchange: CoinGecko
Coinbase dominates the exchange sector, holding 63.6% of the market’s value while miners shift toward AI, Web3, and cloud computing. Coinbase stands as the largest publicly traded blockchain company, with a market cap of $71.2 billion as of February 8, 2025. This figure places it far ahead of its closest...
HIVE Digital Buys Bitfarms’ Paraguay BTC Mine for $56M
The Yguazú facility, 80% complete, will add 6 EH/s to HIVE’s mining capacity by Q2 2025, with hydro-cooled ASICs set to enhance efficiency. HIVE Digital has finalized the acquisition of Bitfarms’ partially completed 200-megawatt Bitcoin mining facility in Yguazú, Paraguay, for $56 million. The deal includes an upfront payment of...
Nasdaq-Listed BitFuFu Secures 2-Year Deal with Bitmain for 80,000 Bitcoin Mining Rigs
BitFuFu's stock jumps following a major partnership with Bitmain, acquiring 80,000 mining rigs to boost operations. Cloud mining bitcoin platform, BitFuFu has entered into a two-year agreement with Bitmain, to acquire up to 80,000 S-series mining rigs. The deal includes Bitmain’s latest S21 XP and S21 Pro models, which marks...
