Mining
Mining
Mining
Georgia Announces Crackdown on Illegal Bitcoin Mining
Georgia will reportedly install electricity meters across villages and settlements in Mestia as part of a crackdown on illegal crypto mining that officials say is straining the region’s power grid. Vice Prime Minister Mamuka Mdinaradze […]
Mining
Solo Home Miner Wins $232K Bitcoin Block With a $300 Machine at 149 Million-to-1 Odds
Key Takeaways A solo home miner using a Canaan Avalon Nano 3S at 6.68 TH/s won Bitcoin block 951771 on May 30, 2026, at 4:27:23 p.m. Eastern Time (ET).The block reward of 3.1404 BTC was […]
Mining
Mining
Bitcoin miners’ real prize is power as AI reshapes mining
Bitcoin miners spent years racing to secure cheap electricity, and that electricity has since become more valuable than the Bitcoin mining business built on it. That inversion drives Fidelity’s May 2026 assessment that AI hosting […]
Mining
Mining
The Future of Bitcoin Mining Is Bigger Than Bitcoin
This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The first installment of […]
Mining
Mining
Canaan Posts $88.7M Net Loss in Q1 2026 as Bitcoin Prices Weigh on Mining Revenue
Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed margins and triggered a significant inventory write-down. The company posted total revenue of […]
