Cryptocurrency Mining | ForkLog

ForkLog 4 12.05.2025

Electricity Theft for Cryptocurrency Mining Surges 300% in Malaysia

Over four years, the number of electricity thefts by illegal cryptocurrency miners has surged nearly 300%, according to local media citing Tenaga Nasional Berhad (TNB). The country’s largest electricity company reported 610 theft cases in 2018, rising to 2397 by 2024. TNB conducts raids to curb illegal mining in collaboration with police and local authorities. […]

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ForkLog 17 09.05.2025

Major Bitcoin Miners Increased Sales in April

Publicly traded mining companies sold approximately 70% of the bitcoins they mined in April. These preliminary figures, based on reports from eight firms, were highlighted in TheMinerMag. Source: TheMinerMag. The publication tracks data from 15 public companies in the industry following Bitfarms’ acquisition of Stronghold and the cessation of monthly operational disclosures by Bit Digital, […]

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ForkLog 22 06.05.2025

Riot Platforms Reduces Bitcoin Holdings

Nasdaq-listed mining company Riot Platforms mined 463 BTC in April and sold 475 BTC for $38.8 million during the month. Riot Announces April 2025 Production and Operations Updates. “Riot mined 463 bitcoin in April as the network experienced two successive difficulty adjustments during the month,” said @JasonLes_, CEO of Riot. “April was a significant month […]

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ForkLog 113 05.05.2025

Bitcoin Mining Difficulty Decreases by 3.34%

On May 4, following the latest recalibration, the difficulty of mining the leading cryptocurrency fell by 3.34% to 119.18 T. Data: CloverPool. The average hash rate was 885.12 EH/s. According to Glassnode, as of May 4, the smoothed 7-day moving average reached 886 EH/s. Data: Glassnode. Data from Hashrate Index indicates that after the reduction […]

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ForkLog 74 03.05.2025

A year after Bitcoin’s halving: why is this time different?

It has been more than a year since the fourth halving, yet Bitcoin is still treading water—trading roughly 12% below the ATH set at the time of Donald Trump’s inauguration. Judging by historical patterns, this is the most lacklustre performance of any market cycle. After previous halvings, the first cryptocurrency typically delivered chunky multiples within […]

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ForkLog 71 29.04.2025

CCAF finds Bitcoin miners increasingly using cleaner energy

The share of sustainable energy in Bitcoin mining has reached 52.4%, up from 37.6% in 2022, according to a report by the Cambridge Centre for Alternative Finance (CCAF). Of that, 42.6% comes from renewables and 9.8% from nuclear. The share of natural gas rose from 25% to 38.2%, while coal fell from 36.6% to 8.9%. […]

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ForkLog 76 25.04.2025

Arkansas Residents Succeed in Blocking Bitcoin Mining Facility

The Vilonia City Planning Commission in Arkansas, USA, unanimously rejected a proposal to establish a cryptocurrency mining facility within its jurisdiction. The decision followed several weeks of protests by residents of the town, which has a population of just over 2,000 people. Residents expressed concerns about potential issues with internet and power supply, but the […]

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ForkLog 18 23.04.2025

Matrixport Extends $200 Million Credit to Bitdeer

In April, the crypto-financial firm Matrix Finance (trading as Matrixport) opened a $200 million credit line for bitcoin miner Bitdeer. Both companies were founded by former Bitmain CEO Jihan Wu. According to the annual report, the loan carries a floating rate of 9% plus market reference interest. Payments are made monthly, with a loan term […]

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ForkLog 21 21.04.2025

UN Expresses Concern Over Money Laundering via Cryptocurrency Mining

Transnational criminal groups from East and Southeast Asia are rapidly expanding their operations, using illegal cryptocurrency mining as a “powerful tool” to launder billions in illicit profits, according to a report by the UNODC. Cyberfraud in the Mekong reaches inflection point, @UNODC reveals: https://t.co/I5pS6mDTlR pic.twitter.com/xkAvG9PyA4 — UNODC Southeast Asia-Pacific (@UNODC_SEAP) April 21, 2025 The document, […]

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ForkLog 39 21.04.2025

Betting on efficiency: how bitcoin miners are adapting to new realities

Since the announcement of ‘liberation’ tariffs, bitcoin fell sharply — as did the глобальные фондовые индексы. At one point, volatility in the S&P 500, the “barometer of the American economy,” even превзошла swings in the leading cryptocurrency. One might have expected miner capitulation amid uncertainty and declining profitability. Instead, hashrate is hitting records and network […]

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ForkLog 99 17.04.2025

Public Bitcoin Miners Ramp Up Sales

In March, public mining companies increased their Bitcoin sales, reaching the highest volume since October 2024, reports TheMinerMag. Data: TheMinerMag. Fifteen publicly traded miners sold more than 40% of their production last month. HIVE, Bitfarms, and Ionic Digital exceeded 100%. Following the U.S. presidential elections, industry participants adopted a more aggressive HODL strategy. In the […]

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ForkLog 47 16.04.2025

Kazakh Authorities Seize 1,257 ASIC Miners from Fake Motor Centre

A court in Kazakhstan has sentenced three organisers of a mining farm disguised as an engine processing centre in Astana. This was reported by the Financial Monitoring Agency (FMA). According to the case materials, from 2022 to May 2024, the suspects engaged in cryptocurrency mining without the necessary license. This activity earned them 143.2 million […]

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