In a bold step toward digital transformation, Pakistan has announced the allocation of 2,000 megawatts (MW) of surplus electricity to Bitcoin mining and artificial intelligence (AI) data centers. The movement is spearheaded by the Pakistan Crypto Council (PCC) and supported by the Finance Ministry of the country. The move is
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Bhutan, a country strategically located between China and India, is becoming a leader in sustainable crypto mining. It is leveraging its natural resources for a unique economic future. According to data from Arkram Intelligence, Bhutan has mined over $600 million in Bitcoin (BTC), which was powered by entirely clean hydropower.
With the US Federal Reserve announcing CPI data, investors expected the crypto market to react positively. However, the leading cryptocurrency Bitcoin fell modestly to the $80K range. Meanwhile, within the regulatory sector, several advancements occurred. US President Donald Trump signed a recent crypto bill that repels the IRS DeFi broker
Pakistan is focusing on the growth and development of the country’s crypto presence. It plans to use surplus energy for Bitcoin mining and AI data centers. The announcement came out after Binance’s CZ joined the Pakistan Crypto Council as a strategic adviser. The Head of Pakistan Crypto Council and adviser
HIVE Digital making headlines with its new acquisition of Bitfarms’ 200-megawatt Bitcoin mining farm located in Yguazú, Paraguay. The business is expanding its crypto-mining operations at a significant level through this acquisition. The strategic acquisition will propel company growth while expanding Bitcoin mining hash rate capabilities to 25 EH/s by
Blockchain hardware manufacturer company Canaan opened doors to new innovation combining two different technologies. It launched Avalon Mini 3 and Nano 3S devices which function both as Bitcoin mining hardware and home heating equipment. This is one of the remarkable innovations of the crypto mining industry in recent days. As
As times have changed, so have people’s attitudes towards energy. They rely on renewable energy sources such as solar and wind to power their new energy cloud mining operations, which greatly reduces the cost of mining and integrates power from surplus energy into the grid. It not only saves a
Jack Dorsey’s payment venture, Block, formerly Square, is making strides in its commitment to Bitcoin mining and its self-custody wallet, Bitkey. In its Q3 2024 shareholder letter, the firm mentioned the demand for its mining initiative, described as having a “strong product market fit.” This announcement was followed by Trump
Bitcoin (BTC) mining profitability took a hit in September 2024, as rising network difficulty and a steady Bitcoin price put pressure on miners. U.S. investment bank Jefferies highlighted that the network’s hashrate saw a 1.7% increase, making it tougher for miners to generate rewards despite Bitcoin’s value remaining mostly unchanged.
