Global #Bitcoin mining

In May, Stronghold Digital Mining experienced a significant decrease in its monthly Bitcoin mining output, with a decline of 47.1% compared to April. During May, the company mined 82 BTC, contrasting with the 155 BTC mined in April. Similarly, revenues for May dropped by 46% to $5.2 million compared to the previous month.

Bitdeer Technologies has unveiled the SEAL04 chip as part of its technology roadmap for the newly introduced SEALMINER rig. The chip, slated for launch in Q2 2025, is expected to deliver energy efficiency as low as 5J/TH (joules per terahash).

Despite ongoing efforts to crack down on illegal mining operations, the Paraguayan Congress might soon vote on a new bill aimed at regulating Bitcoin mining.

Core Scientific's latest move involves sealing a substantial $3.5 billion, 12-year deal with CoreWeave, a cloud service provider supported by Nvidia. This partnership signifies a strategic transition for Core Scientific, expanding its focus beyond Bitcoin mining to encompass high-performance computing (HPC) and machine learning.

If you were to ask a typical Bitcoin enthusiast about the most influential mining company, Bitmain would likely come up.

In a notable move, Tether, the issuer of the popular stablecoin USDT, has invested $100 million in Bitdeer Technologies Group, a US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu. The deal also includes the option for Tether to acquire an extra $50 million worth of shares within the next year, further solidifying its foothold in the Bitcoin mining industry.