Core Scientific to quit Bitcoin mining by year-end as AI business surges
The former Bitcoin mining heavyweight plans to become a pureplay data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.…
American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
The Eric Trumpbacked miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and…
Trump-linked American Bitcoin swings to $126 million profit but misses revenue estimates
Revenue fell to $63.4 million in the third quarter and missed analysts’ forecasts as bitcoin production declined and higher summer electricity prices pushed…
Zcash grants committee drops plan to redirect 98,000 ZEC to future mining rewards
The committee withdrew its proposal after community backlash, leaving competing plans to cut off its funding or preserve the existing grants system.…
As big bitcoin miners chase AI profits, individuals get another shot at the rewards
Several companies offer access to bitcoin mining without the hassle of running equipment, but high costs and the 2028 reward halving make profits uncertain.…
Zcash grants group offers $124M compromise as governance backlash grows
Zcash Community Grants proposed redirecting about $124 million in existing and future funding toward mining rewards, but critics say the plan fails to address…
Bithumb hacked through employee system as South Korean financial firms face cyberattacks
The breach hit an internal employee system that Bithumb says is separate from its trading platform, while the exchange is still determining whether customer…
Bitcoin hashrate hits seven-month high as AI shift fails to ease mining competition
According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment…
Bitcoin mining offshoot Nscale loses Microsoft AI deal as power delay stretches into 2030s
The Nvidiabacked company planned to deliver 23,000 AI chips in the U.K. next year, but its grid connection may not be ready until the 2030s. Source：CoinDesk
Bitcoin mining pool once handling 2.3% of network shuts after hashrate falls 65%
Computing power directed at Binance Pool has fallen from 26 EH/s in December to about 9 EH/s. Its remaining miners must choose another provider before a Nov.…
Bitcoin miners plunge up to 13% in Wall Street’s worst selloff since July
TeraWulf, Core Scientific, Cipher Mining and IREN each lost more than 12% as hotter inflation hit AI infrastructure companies. Source：Cointelegraph
Binance to shut down crypto mining pool services in November
Binance will discontinue its mining pool and related services on Nov. 10, urging miners to move to alternative pools before the shutdown. Source：Cointelegraph