Amid Bitcoin’s price decline to levels not seen since February, the network hashrate has fallen sharply, with 145 exahashes per second (EH/s) leaving the system since late May.
Hut 8 has priced $4.25 billion of senior secured notes to finance a large artificial intelligence (AI) data centre project in Texas. The deal marks another major step in the company’s shift from Bitcoin mining towards power-backed digital infrastructure.
The blockchain of the privacy-focused cryptocurrency Zcash went several hours without displaying new blocks after a critical vulnerability was discovered in Orchard, the network’s core private transaction mechanism.
The facility is called Muskie Data Campus. The miner acquired it from Industrial Equity Partners, with the transaction amount undisclosed. The site is located in the EastPark industrial park, near Ashland and Grayson. Its area is about 285 acres.
Companies involved in Bitcoin mining are increasingly expanding into artificial-intelligence infrastructure as major technology firms struggle to secure enough electricity for new data centres. On NYSE and across Wall Street, access to power is now viewed as the primary competitive advantage of Bitcoin miners, especially after the 2024 halving reduced mining profitability and forced companies to seek alternative revenue streams.
On Friday, May 15, 2026, shares of publicly traded Bitcoin mining companies experienced a sharp decline. In a single trading session, all major listed mining stocks dropped between 2.52% and 9.59%, despite significantly outperforming Bitcoin itself since the beginning of the year.
MARA Holdings announced the sale of a significant amount of Bitcoin to help finance its planned acquisition of Long Ridge Energy & Power. The deal is expected to significantly strengthen MARA’s capabilities in artificial intelligence and high-performance computing (HPC).
Bitcoin mining company MARA released its first-quarter earnings report. For the January–March period, the company’s net loss increased to $1.3 billion, compared to $533 million during the same period last year.
NVIDIA and IREN have announced a strategic partnership to scale next-generation artificial intelligence (AI) infrastructure. Under the agreement, the companies plan to deploy up to 5 GW of AI power, and have signed a five-year contract worth $3.4 billion to support NVIDIA’s internal AI workloads.
Hut 8 announced the launch of the first phase of its Beacon Point AI campus in Texas. The company also signed a 15-year agreement to lease 352 MW of infrastructure with a base contract value of $9.8 billion.
Hut 8 has entered into a new credit agreement and reduced its borrowing costs. Bitcoin has become a key source of liquidity, allowing the company to unlock $260 million. The refinancing marks a shift in the miner’s financial strategy.
The largest player in the crypto industry is expanding its own computing infrastructure. According to Tether’s statement, the company has begun implementing high-density modular systems for Bitcoin ($BTC) mining.
Itaú Unibanco, through its venture arm Itaú Ventures, made an undisclosed investment in Minter, a company focused on deploying mobile data centers and organizing Bitcoin mining operations across Brazil. Minter’s approach allows the company to utilize excess energy that would otherwise go to waste.
Bitcoin’s mining difficulty eased this week, declining 2.43% from the prior target and settling at 135.59 trillion. This adjustment comes on the heels of the previous epoch’s 3.87% increase and marks the fifth downward revision recorded this year.
A solo miner was mining cryptocurrency using equipment with a hashrate of 70 Th/s, equivalent to a single device from a 2019 lineup. The solo miner successfully mined a Bitcoin block and earned $222,000. The power of his equipment gave him a chance of finding a block only once every 300 years.
Public Bitcoin miner MARA Holdings announced it has reduced its workforce by approximately 15% as part of a strategic business transformation. The decision affected workers across various departments, including contractors, and occurred in waves over several days. This was reported by Blockspace.
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