At the end of December, the total capacity of Bitdeer’s mining farms reached 71 exahashes per second (EH/s), accounting for about 6% of the global Bitcoin hashrate. The report includes both the mining power of the company’s own facilities (55.2 EH/s) and the hashrate of third-party mining equipment hosted at Bitdeer’s sites.
Bitmain offered a bundled deal: four S19 XP+ Hydro miners together with an ANTRACK V2 container. The stated price is approximately $4 per terahash per second — for a model with energy efficiency of 19 joules per terahash. Delivery is promised in January 2026.
Eight out of the ten largest bitcoin miners are set to end the year with solid gains, ranging from 12% at Core Scientific to 328% at Iren Limited.
Bitcoin miners in China’s Xinjiang province are disconnecting from the network following another wave of crackdowns by the authorities. As of now, up to 400,000 mining machines have already been taken offline, leading to a decline in the hashrate.
According to a new report from JPMorgan analysts Reginald Smith and Charles Pearce, Bitcoin miners are facing some of the most challenging operating conditions in recent years.
Tether has officially confirmed that it is shutting down its cryptocurrency mining operations in Uruguay and laying off 30 of its 38 employees. The reason is excessively high electricity costs and uncompetitive tariffs.
Trump’s net worth increased by $3 billion from September to September, allowing the politician to take 201st place on Forbes’ list of the 400 richest Americans. The growth was driven by the Trump family’s investments in cryptocurrency, the magazine reports.
Bitmain has launched a public auction for its Antminer S19k Pro units with a starting price of $5.5 per TH/s, as the company seeks to clear inventory in a challenging market for bitcoin mining hardware.
Malaysia’s national energy company, Tenaga Nasional Berhad (TNB), reported losses of more than $1.1 billion related to electricity theft for cryptocurrency mining from 2020 to August 2025. The Ministry of Energy stated that during this period, 13,827 facilities were found to be illegally connected to the grid for digital asset mining. The agency emphasizes that such activities threaten the stability of the power system, public safety, and the country’s economy.
Thiel acknowledged that many miners are currently struggling due to fierce competition, increasing electricity demand, and declining profitability. The MARA CEO described mining as a “zero-sum game,” explaining that it becomes harder for participants as more people join in. This means that due to the reduction in miner rewards (halving), which occurs every four years, miners earn less profit, while their electricity costs remain the same — and those are only the minimal expenses.
From July to September, the company generated $169.7 million in revenue and mined 1,109 BTC worth $117.8 million at the current rate. However, due to high operating costs and debt repayment expenses, the company posted a $266.7 million loss — more than five times higher than the losses recorded in the same period last year.
Phoenix Group, a company listed on the Abu Dhabi Securities Exchange, has commissioned a 30-megawatt Bitcoin mining facility in Addis Ababa, Ethiopia. This marks the company’s latest operational site in Africa.
Japan has launched its first government-backed Bitcoin mining project in partnership with Canaan and a regional power company partially owned by the state. The initiative includes a 4.5-megawatt facility equipped with hydro-cooled Avalon mining rigs, which adjust their operations based on grid load — shutting down during peak consumption periods and resuming when renewable energy is in surplus.
Akbar Hasan Beklou stated that Iran ranks fourth globally in cryptocurrency mining thanks to heavily subsidized electricity, turning the country into a “paradise for illegal miners.”
According to analysts at investment firm VanEck, over the past 12 months, Bitcoin miners’ total debt has surged by 500% — from $2.1 billion to $12.7 billion. The record growth is attributed to the need for heavy investment in new equipment and artificial intelligence infrastructure.
Today, wallets linked to the Chinese mining pool LuBian transferred 15,959 BTC, worth around $1.83 billion, to four different addresses. This marks the second major transfer in less than two weeks.
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