Mining

The $600 million in new loans from Coinbase and Two Prime is earmarked for Long Ridge, a 505 MW Ohio site MARA wants to expand toward two gigawatts for AI hosting.

Hyperscale Data signed a Master Services Agreement on 24 June with an unnamed California-based neocloud, committing 20 megawatts of AI compute at its Michigan campus over ten years with a headline value above $1.2 billion. Options carry the deal to $3 billion. The mining operation the site had been running is winding down.

Bitcoin difficulty dropped from 138.96T to 124.93T at block 953,568 on June 14, the second-largest negative adjustment of the year. Hashrate is down 12% in a month to 886 EH/s, and the marginal kilowatt is increasingly being sold to AI hyperscalers instead.

The second-largest difficulty cut of 2026 reflects what miner earnings have been telegraphing all year: Marathon, Riot and their peers are pulling power and capital out of bitcoin mining and into AI data centres as fast as the contracts can be signed.

The May 1 difficulty adjustment dropped to 132.47 trillion after sustained hashrate fell below the symbolic one-zettahash threshold for the first time since February. The dip says more about how public miners are reallocating capex than about network security.

Bitcoin miner MARA Holdings has agreed to buy Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion, lifting its total power capacity by 65 per cent to 2.2 GW and turning its data-centre pivot into the largest deal a public bitcoin miner has ever signed.

Foundry USA pool mined the 20 millionth Bitcoin on March 10, 2026, leaving only 1 million BTC remaining to be mined over approximately 114 years.

Russia's federal cryptocurrency mining law took effect November 1, 2024, establishing a legal framework for registered miners and defining tax treatment for mining income.

Russia formalized legal recognition of cryptocurrency mining on November 1, 2024, through federal legislation that establishes registration requirements, electricity limitations, and restrictions on foreign participation in mining activities.

Marathon Digital achieved approximately 30 exahashes per second of energized hashrate in mid-2024, representing over 30,000 operational mining devices and confirming the company's status as a leading North American mining operator.

Marathon Digital Holdings reported hash rate exceeding 30 EH/s at the end of May 2024, becoming the first publicly traded Bitcoin miner to achieve the milestone.

Bitcoin miners experienced a 50% revenue collapse following the April 2024 halving, with daily block reward revenue plummeting from $72 million to $30 million.

Bitcoin miners generated record monthly revenue of $2.01 billion in March 2024 before the April halving reduced block rewards by 50 percent, forcing the industry to adapt to approximately $10 billion in annual revenue losses.

Bitcoin's fourth halving on April 19 2024 reduced block rewards from 6.25 to 3.125 BTC, cutting new daily issuance in half and pressuring mining economics.

Bitcoin miners earned over $2 billion in March 2024 from block rewards and transaction fees combined, the highest monthly revenue ever recorded.

Mining difficulty reached new all-time highs above 80 trillion as Bitcoin's hash rate exceeded 550 exahashes per second, driven by ETF approvals and next-generation ASIC chip deployment.

Deutsche Telekom's subsidiary announced Bitcoin and Ethereum node operations and mining in December 2023, joining other major corporations entering the sector.

Foundry USA, a Digital Currency Group subsidiary, captured dominant share of Bitcoin mining pool market following Chinese mining restrictions, commanding over 30 percent of network hashrate by early 2023.

Core Scientific, one of the largest bitcoin mining companies, filed for Chapter 11 bankruptcy on December 21, 2022, citing liquidity crisis and debt pressures amid depressed bitcoin prices and unfavorable mining economics.