Topic: #mining
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Thailand issues arrest warrants for Chinese businessman in $300M crypto mining fraud
Thai authorities have issued arrest warrants for eight suspects, including Chinese businessman Wang Yicheng, tied to an illegal crypto mining network allegedly laundering approximately $300 million annually through online scams and gambling operations.
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Bitcoin Trading Below $78K Mining Cost, Squeezing Operators
Bitcoin has spent five consecutive months trading below its estimated production cost of $78,000, forcing about 20% of miners into unprofitability and prompting publicly traded operators to sell over 32,000 bitcoin in the first quarter alone.
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HIVE shares jump 10% on $220M Canada sovereign AI infrastructure deal
HIVE Digital Technologies announced a three-year, $220 million GPU cloud contract with Bell Canada and Cohere to deploy Nvidia Grace Blackwell processors at a facility in British Columbia, supporting Canadian government and corporate AI clients while adding roughly $70 million in annual recurring revenue.
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Bitcoin mining difficulty drops 10% in 11th-largest adjustment
Bitcoin's mining difficulty fell 10.09% on Sunday to 124.93 trillion, the second-largest drop of 2026, as hashrate declines and June's 15% price drop squeeze miner margins.
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Bitcoin mining difficulty drops 10.3%, second-largest 2024 decline
The Bitcoin network faces one of its steepest mining difficulty adjustments in history this weekend as miner margins collapse under relentless price pressure. The 10.3% reduction would rank as the second-largest drop in 2024 and the 11th-largest since Bitcoin's 2009 inception.
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HIVE completes 200 MW Bitcoin mine in Paraguay using Itaipú Dam power
HIVE Digital Technologies finished Phase 2 of its Yguazú facility in Paraguay in September 2025, reaching 200 megawatt capacity and mining over 8 Bitcoin daily. The operation taps into Paraguay's hydroelectric surplus from the Itaipú Dam, though rising tariffs and illegal mining pose regulatory risks.
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HIVE Digital cuts Bitcoin holdings to 150 BTC as mining revenue soars 158%
Canadian Bitcoin miner HIVE Digital Technologies sold 331 BTC in its latest quarter, reducing reserves to 150 coins, while fiscal 2026 revenue climbed to $297.8 million driven by mining and AI computing expansion.
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Powell Warns Fed Credibility at Risk if President Can Fire Officials
Federal Reserve Chair Jerome Powell warned that allowing a sitting president to dismiss Fed officials over policy disagreements would collapse the institution's credibility and destabilize markets. Powell's comments come as President Trump has threatened to remove him, and as central bank independence faces renewed political pressure.
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IREN Says AI's Real Bottleneck Is Infrastructure, Not Chips
IREN co-founder Daniel Roberts argues that power, land, cooling and data center construction—not GPU scarcity—are the real constraints throttling AI deployment. The company has secured 5 gigawatts of grid capacity and announced a $3.4 billion NVIDIA contract.
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South Carolina bans CBDCs, protects Bitcoin miners and crypto self-custody
South Carolina Governor Henry McMaster signed Bill 163, banning state use of central bank digital currencies while protecting individuals and businesses from restrictions on digital assets, mining operations, and self-hosted wallets.