Core Scientific to quit Bitcoin mining by year-end as AI business surges
The former Bitcoin mining heavyweight plans to become a pureplay data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.…
As big bitcoin miners chase AI profits, individuals get another shot at the rewards
Several companies offer access to bitcoin mining without the hassle of running equipment, but high costs and the 2028 reward halving make profits uncertain.…
Bitcoin mining offshoot Nscale loses Microsoft AI deal as power delay stretches into 2030s
The Nvidiabacked company planned to deliver 23,000 AI chips in the U.K. next year, but its grid connection may not be ready until the 2030s. Source:CoinDesk
Bitcoin mining pool once handling 2.3% of network shuts after hashrate falls 65%
Computing power directed at Binance Pool has fallen from 26 EH/s in December to about 9 EH/s. Its remaining miners must choose another provider before a Nov.…
Bitcoin miners face widening AI financing costs as lenders scrutinize deals
The Bitcoin mining industry needs roughly $50 billion to complete planned AI infrastructure projects, with IREN, Riot Platforms and HIVE Digital facing major…
New York town weighs crypto mining and AI data center ban
One of the first towns in the US to ban Bitcoin mining for 18 months is considering another temporary moratorium extending to data centers and other crypto…
Luke Dashjr exits mining pool Ocean after split over Bitcoin mining’s future
The split was mutual, with both parties citing differing views on the future of Bitcoin mining and recent protocol developments. Source:CoinDesk
Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city
The Energy Ministry enacted the yearround restriction to mitigate power capacity shortages, as energyintensive mining facilities continue to strain regional…
Luke Dashjr removed as Bitcoin BIP editor after controversial BIP-110 fork stalls
Dashjr said he is taking a sabbatical from his role as chair and chief technology officer of mining pool Ocean. Source:CoinDesk
Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%
Keel completed the shutdown of its US Bitcoin mining operations as it pivots toward AI and highperformance computing infrastructure Source:Cointelegraph
Bitdeer increased Bitcoin mining output by nearly fivefold in Q2
Bitdeer mined 2,694 BTC in Q2, but ended the quarter holding just 150 BTC after liquidating its treasury earlier this year. Source:Cointelegraph
This bitcoin miner rejected BIP-110 despite mining through a pool that supported it
Ocean, a bitcoin mining pool, had been backing BIP110 by default. Simple Mining, a company that runs mining machines through Ocean, used software from the pool…