Cryptocurrency Mining | ForkLog

ForkLog 41 10.04.2025

Pakistan to Harness Surplus Power for Bitcoin Mining

Pakistan intends to channel some of its surplus electricity into bitcoin mining and powering data centers for the AI sector. This was stated by the head of the Reuters reported, Bilal bin Saqib, advisor to the Minister of Finance and head of the Crypto Council. The country’s energy sector is grappling with issues of excess […]

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ForkLog 27 09.04.2025

Bitcoin Miners Pay Millions to Beat Trump’s Tariffs

As April 9 approached, major American bitcoin miners chartered flights from Southeast Asia at a cost of $2-3.5 million, a figure 2-4 times higher than usual rates, reports Blockspace. Cryptocurrency miners were eager to import ordered ASIC miners before the “liberating” tariffs of U.S. President Donald Trump took effect. The information was confirmed to the […]

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ForkLog 65 07.04.2025

Bitcoin Hashrate Surpasses One Zettahash for the First Time

On Friday, April 4, the hashrate of the first cryptocurrency’s network crossed the 1 ZH/s mark for the first time in history. Intraday peak values reached approximately 1025 EH/s, according to data from Glassnode. Source: Glassnode. The seven-day moving average smoothed indicator reached a peak of 897.6 EH/s on April 6. On April 5, mining […]

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ForkLog 102 04.04.2025

Media Uncover Connection Between New Bitcoin Miner Cango and Bitmain

Cango has agreed to sell its Chinese auto-financing business for $352 million to a firm affiliated with a Bitmain subsidiary, as reported by TheMinerMag. According to a press release, the buyer is Ursalpha Digital Limited. The deal includes an advance payment of $210.6 million and additional payments contingent on meeting tax obligations and reducing the […]

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ForkLog 35 03.04.2025

Trump’s Tariffs Deal a Blow to Bitcoin Mining

Bitcoin miners in the United States are set to be directly impacted by the tariffs announced on April 2 by President Donald Trump, according to industry experts. A significant portion of cryptocurrency mining equipment is currently imported from Malaysia (new tariff rate — 24%), Thailand (36%), and Indonesia (32%), noted Mason Jappa, founder and CEO […]

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ForkLog 25 03.04.2025

Analyst Highlights Discrepancy Between Bitcoin Hashrate and Price

The Bitcoin hashrate (14 DMA) has reached a record high of 838.7 EH/s, while the cryptocurrency is trading about 25% below its ATH. This concerning trend was noted by senior analyst CoinDesk James Van Straten. It is forecasted that the next network difficulty adjustment will increase the figure by more than 3%, setting a new […]

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ForkLog 29 03.04.2025

Arthur Hayes identifies a critical support level for bitcoin

After “Liberation Day,” it is important for bitcoin to hold above $76,500 through 15 April, says Arthur Hayes. Anticipation of retaliatory steps against US trade tariffs is injecting uncertainty into markets. The new tariffs will hit the US bitcoin-mining industry. If bitcoin holds $76,500 through US tax day on 15 April, the market will shed […]

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ForkLog 65 02.04.2025

US Senator Proposes Support for Eco-Friendly Bitcoin Mining

US Senator Ted Cruz from Texas has introduced a bill aimed at utilizing energy resource extraction waste for mining the first cryptocurrency. My legislation, the FLARE Act, incentivizes entrepreneurs and crypto miners to utilize natural gas that would otherwise be stranded. https://t.co/fvb1nog3ix pic.twitter.com/8uCWtyOY29 — Senator Ted Cruz (@SenTedCruz) April 1, 2025 The “Facilitating Large-scale Access […]

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ForkLog 19 02.04.2025

Trump-Linked Mining Firm to Go Public

The mining company American Bitcoin plans to go public and attract additional private capital before its stock market debut, according to Bloomberg. On March 31, Hut 8 announced the creation of a subsidiary focused on bitcoin mining. Previously, the firm acquired an 80% stake in American Data Centers, in exchange for nearly its entire fleet […]

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ForkLog 83 01.04.2025

A16z Invests in Blockchain AI Project Positioned as Bitcoin Alternative

The Ambient network project, positioned as an alternative to the leading cryptocurrency, has attracted $7.2 million from a16z, Delphi Digital, and Amber Group, according to CoinDesk. The blockchain aims to provide “superintelligent AI” quickly, cheaply, and openly. Ambient co-founder Travis Good is convinced that Bitcoin’s encryption mechanisms are “becoming obsolete” and may “completely lose relevance […]

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ForkLog 23 31.03.2025

Hut 8 Partners with Eric Trump to Launch American Bitcoin

Hut 8 announced the creation of a subsidiary, American Bitcoin, focusing exclusively on Bitcoin mining and developing a cryptocurrency reserve. Previously, Hut 8 acquired a controlling stake in American Data Centers, backed by a group of investors led by Eric Trump and Donald Trump Jr., in exchange for a fleet of mining rigs. As part […]

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ForkLog 28 31.03.2025

How ETFs and miners are reshaping bitcoin’s growth cycles

The debut launch of spot bitcoin ETFs in the United States was a landmark for the crypto industry and TradFi. Contrary to sceptics, the new vehicles quickly gained popularity, as reflected in aggregate trading volumes, cumulative inflows and the multi-billion AUM of exchange-traded funds. The scale of institutional interest in ETFs points to their significant […]

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