mining

According to disclosures from Yingke Law Firm, the sale of the Texas mining assets related to Poolin's debtors has been approved by the Bankruptcy Court of New Jersey, USA. The transaction price is up to approximately 180 million USD, of which 100 million USD is for the delivery payment, and an additional up to 80 million USD is linked to subsequent milestones.The general deadline for creditor claims is set for December 31, 2026, at 4 PM Eastern Time, which is 5 AM Beijing Time on January 1, 2027; the court plans to hold a hearing on November 10. Creditors who are legally required to submit proof of claims may affect the confirmation of claims, plan voting, and subsequent distributions if they do not file by the final deadline set by the court. Yingke lawyer Wang Yufeng stated that the Poolin case involves a large number of Chinese users, and the claims include platform balances, IOUs, and mining pool earnings, and submitting materials does not equate to completing an effective claim.

Digital asset company Tether announced that 15 Bitcoin mining companies, ASIC manufacturers, and mining pools have committed to jointly build and maintain the integration of its open-source mining development kit, MDK. MDK aims to unify the access methods of different mining infrastructures, supporting developers in building applications and AI automation systems.Participants will develop and maintain the MDK Worker, converting their respective hardware, mining pools, or system interfaces into a universal interface; there is no need to replace existing technology, and they can also decide which functions to open. Existing applications can access different mining environments through MDK. Tether's QVAC mining proxy has accessed mining infrastructure through MDK. Version 0.11 of MDK will be released at the Lugano Plan ₿ Forum, with the first stable version 1 planned for launch by the end of 2026.

The International Criminal Police Organization stated that Operation Serengeti III took place from June 29 to August 31, 2026, across 21 countries, resulting in the arrest of 1,462 suspects, the dismantling of 10,909 malicious networks, and the recovery of over 105 million dollars in illegal funds. The investigation also confirmed that 65,929 victims were attacked by cybercrime gangs, with related losses exceeding 385 million dollars.This operation focused on combating online fraud, ransomware, business email compromise, online scams, and digital extortion. In specific cases, the Ugandan police dismantled two transnational fraud gangs and arrested 365 foreign nationals; Angola seized two illegal cryptocurrency mining centers, arrested 9 individuals, and confiscated over 2,000 mining machines; in Nigeria, another case involved over 2.4 million dollars in suspected criminal proceeds, a significant portion of which was laundered through cryptocurrency transactions.

Heatbit, which previously launched a heater with a built-in Bitcoin mining machine, has announced the release of a heating element for water heaters named Bitwater. This element replaces the resistance wire in standard electric water heater elements with 20 Bitcoin mining chips, using the heat generated by the chips to directly heat the water in the tank. Heatbit stated that this electricity was originally intended for heating water, "the same heat, the same electricity, plus Bitcoin." The company claims that global households use approximately 300 TWh of electricity annually for heating water, which exceeds the entire Bitcoin network's consumption of about 170 TWh, advocating for the decentralization of mining to households.Bitwater uses 20 Bitmain BM1370 chips, with a maximum hash rate of 34 TH/s, a maximum power consumption of 600 watts, and an energy efficiency of 12 joules/TH. Due to water cooling, this element requires no fans and produces no noise. The installation process is DIY: turn off the circuit breaker, drain the tank, unscrew the old element, and then screw in the Bitwater using the included wrench. It is compatible with the one-inch standard interface of 30 to 80-gallon electric water heaters commonly found in the United States and Canada, including brands such as A. O. Smith, Rheem, Bradford White, Whirlpool, and GE, without the need for plumbing modifications or additional circuits.Users can check water temperature, hash rate, and earnings through an app, and choose to mine individually or join a mining pool, with mined Bitcoin sent to an address controlled by the user. The initial "genesis batch" pre-order price is $899, with subsequent batches priced up to $1,299, and pre-orders are refundable, with plans to ship in the first quarter of 2027. Heatbit claims to have tested the entire winter in four and five-person households in New York and Florida. Based on the current hash price of approximately $36.73/PH/s/day, the full load of 34 TH/s could mine Bitcoin worth about $1.25 per day, totaling approximately $455 annually.

According to Bloomberg Law, Arkansas and its Oil and Gas Commission requested the Eighth Circuit Court of Appeals on Tuesday to overturn a lower court order. The order prohibits the enforcement of the state's law that restricts foreign entities from holding digital asset mining operations. The lower court previously determined that the law may have been rendered ineffective by federal regulations taking precedence.Joseph Nelson from the Arkansas Attorney General's Office rebutted this determination. He stated that the law falls within the core area of state police power, and the restricted entities are consistent with countries that the federal government has identified as threats to national security. The law was passed in 2024 and prohibits citizens or businesses from countries subject to U.S. Department of State weapon export controls from holding interests in digital asset mining equipment in the state.

The publicly listed esports company NIP Group, headquartered in Abu Dhabi, announced that it has signed an agreement to acquire Bitcoin mining equipment with a total hash rate of approximately 4.47 EH/s, increasing its total deployed hash rate to about 13.85 EH/s. The transaction is valued at up to $27.3 million, and the company will issue up to 247.1 million Class A common shares to the seller.NIP Group expects that once the related equipment is fully deployed, the monthly output of the mining site will reach approximately 195 Bitcoins, exceeding the previously set target of 160 Bitcoins, which is valued at around $16 million based on the then-current price. The equipment is currently operating in a hosting facility and can immediately increase Bitcoin output upon completion of the transaction. NIP Group launched its Bitcoin mining business in July 2025 and plans to gradually expand its hash rate to higher levels. The company stated that the additional hash rate will serve its digital infrastructure strategy and plans to expand into AI, high-performance computing, and gaming applications.

According to the Binance Research weekly report, the U.S. CPI rose to 3.7% in September, with energy contributing more than one-third, and the PPI increased year-on-year to 6.3%. Based on the EIA oil price path, the overall CPI may peak at around 3.9% in October and fall back to about 2.6% by March 2027.In terms of AI, Anthropic's revenue grew by 45% quarter-on-quarter in the third quarter, significantly lower than the previous growth rate of more than double; its Binance Pre-IPO contracts fell by 8.8% over two trading days, while the yield on CoreWeave bonds maturing in 2032 rose to about 16%. Binance Research believes that the cooling demand for AI and rising financing costs are simultaneously affecting AI infrastructure transactions.

According to Lookonchain monitoring, Bitcoin mining company MARA Holdings is suspected of selling BTC.In the past 5 days, wallets associated with MARA have transferred a total of 1000 BTC to Binance and Gate, worth approximately 82.8 million dollars.

According to the Gate Launchpool page, there are currently four projects underway: DNA, BLKHION, CT, and GT, offering various asset staking options.Among them, DNA is the first project, with a total reward of 2,800,000 DNA. The APR for the ETH, BTC, and DNA pools is 7.25%, 6.24%, and 218.90%, respectively. The total reward for the BLKHION project is 30,400 BLKHION, with the APR for the USDT, BLKGRWON, and MAG7XON pools being 5.15%, 147.62%, and 97.56%, respectively.Meanwhile, the total reward for the CT project is 1,000,000 CT, with the APR for the USDT, CT, and GT pools being 5.10%, 65.82%, and 2.48%, respectively. The total reward for the GT project is 18,400 GT, with the APR for the ETH and BTC pools being 6.83% and 4.51%, respectively.

Ethereum co-founder Vitalik Buterin shared that the cost of Bitcoin mining is roughly half derived from capital expenditures on computing power equipment and the other half from electricity consumption; in contrast, the cost of AI inference is almost entirely dominated by capital expenditures on computing power. This difference reflects the distinct cost structures of the two computing businesses. Bitcoin miners need to continuously pay for electricity and determine their profit margins based on mining machine efficiency, coin prices, and network difficulty changes; AI inference, on the other hand, relies more on investments in expensive hardware like GPUs, as well as equipment utilization and computing efficiency.The industrial boundaries of both are also changing. As the demand for AI computing power grows, some Bitcoin mining companies are beginning to shift their existing electricity resources and data center facilities towards AI and high-performance computing businesses, hoping to transition from pure mining to computing infrastructure services. Some mining companies are leveraging previously allocated electricity capacity for mining to enter the AI data center market. However, transformation does not mean that cost pressures disappear: mining operations are more directly exposed to fluctuations in electricity prices and Bitcoin prices, while AI computing businesses must bear risks related to GPU procurement, depreciation, and underutilization. Both types of businesses compete for electricity and computing resources, but ultimately, profitability depends on how these resources are converted into revenue.

According to data from mempool.space, Bitcoin completed its latest mining difficulty adjustment at block height 971712, with the difficulty increased by 5.92% to 140.58T. The previous adjustment was a slight decrease of 0.03% to 132.72T.

According to Bitcoin.com, Bitcoin mining service provider Sazmining has announced the launch of a personal purchase plan, allowing customers to directly own immersion hash boards developed by Block's Bitcoin mining division Proto, which is owned by Jack Dorsey.Sazmining is responsible for the installation, operation, and maintenance of the mining facilities in the United States, and the mined Bitcoin will be sent directly to the customers' personal wallets. Each hash board is priced at $4,187, with a down payment of $1,397, and the remaining amount can be paid in 18 months with zero interest.The equipment is expected to start operating between November and December 2026, with a single hash power of about 200 TH/s and an energy efficiency of about 15 J/TH. Sazmining will charge a uniform rate for electricity and maintenance fees and provide hash board operation services to customers. The company was founded in 2018 and operates mining facilities in the United States, Paraguay, and Norway, serving both individual and institutional clients.

According to Bitcoin Magazine, the Singapore-listed company BitFuFu disclosed an addition of 15 Bitcoins, bringing the company's total Bitcoin holdings to 1,388, valued at approximately 114.2 million USD.BitFuFu is a Bitcoin mining company registered in Singapore, with business covering mining and computing power-related services, and discloses changes in Bitcoin reserves as a public company.

According to official news, Binance will stop Binance Pool and related services on November 10, 2026, at 15:00 (Beijing Time). This includes Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator, as well as features like computing power reminders, email notifications, and mining pool API.The announcement indicates that at that time, Binance Pool will disconnect miners and disable the mining pool Stratum address and mining nodes. Computing power and mining shares submitted after the deadline will no longer be accepted, processed, or counted towards earnings, and related products will also cease to provide services, generating no new rewards, earnings, or service rights.Binance reminds users to switch to other mining pools before the service stops and to redeem or exit relevant positions in Pool Savings in a timely manner. Eligible pending rewards, balances, refunds, or settlement amounts will be processed according to applicable rules after the service stops. The homepage mining pool entry will be removed on November 10, and the mining pool page will remain until November 24 at 15:00 (Beijing Time) for users to view historical data, account records, and payment status; after that, it will be permanently inaccessible.

According to the Miner Weekly briefing published by BlocksBridge Consulting, Bitcoin mining companies expanding into the fields of artificial intelligence and high-performance computing are facing significantly different borrowing costs, with lenders increasingly scrutinizing large data center projects. The briefing points out that securing large AI clients is only part of the challenge; mining companies also need to raise billions of dollars to purchase computing power equipment, build data centers, and ensure the power infrastructure required for contract fulfillment. BlocksBridge indicates that large lending institutions have become more selective about data center loans, with decisions increasingly depending on client qualifications, contract terms, and project completion paths.The transition from Bitcoin mining to AI infrastructure by IREN reflects the differences in financing costs: the company secured $3.65 billion in GPU financing in June at a blended interest rate of 6%; in August, it completed another $2.4 billion financing with a fixed interest rate of 9%. The two agreements correspond to different projects and are not directly comparable, but they show that even within the same company, borrowing costs can vary significantly. Financing arrangements may also incur costs beyond interest; in another transaction involving Cipher Digital, Google guaranteed a $1.4 billion lease obligation in exchange for warrants representing a 5.4% equity stake in Cipher, with exercising the warrants potentially diluting existing shareholder equity.The rise in financing demand highlights the overall challenges mining companies face in entering the AI market. Data from VanEck shows that during the peak of the Bitcoin bull market in October last year, mining company debt surged by approximately 500% compared to the second quarter of 2024.

According to The Wall Street Journal, Bitcoin mining company Genesis Digital Assets will transition to an AI data center. SWI Group invested $500 million to acquire a significant stake in the company in June this year, subsequently becoming the controlling shareholder, and announced on October 12 that it has secured €800 million (approximately $900 million) for data center upgrades and expansions.SWI plans to utilize Genesis Digital's data centers in Texas, North and South Carolina, and Sweden to provide computing power for large cloud service providers and sell off the remaining assets of its Kazakhstan mining operations.

According to PRNewswire, the Nasdaq-listed Bitcoin mining company CleanSpark announced its unaudited operational data for September 2026, producing 529 Bitcoins that month, with an average daily output of 17.64 Bitcoins, bringing the total Bitcoin production for 2026 to 5,432 Bitcoins.As of September 30, CleanSpark's operational hash rate reached 50 EH/s, with an average operational hash rate of 36 EH/s.

According to the Gate Launchpool page, there are currently five projects underway: BLKHION, CT, GT, XAUT, and LAPTOP, offering various asset staking options.Among them, the total reward for the BLKHION project is 30,400 BLKHION, with three pools: USDT, BLKGRWON, and MAG7XON, with APRs of 6.67%, 187.64%, and 134.90% respectively; the total reward for the CT project is 1,000,000 CT, with APRs for the USDT, CT, and GT pools of 6.57%, 86.43%, and 2.91% respectively.Meanwhile, the total reward for the GT project is 18,400 GT, with APRs for the ETH and BTC pools of 4.47% and 2.85% respectively; the total reward for the XAUT project is 34 XAUT, with APRs for the USDT, XAUT, and GT pools of 6.62%, 9.99%, and 6.94% respectively; the total reward for the LAPTOP project is 1,289,608 LAPTOP, with APRs for the LAPTOP and BTC pools of 313.06% and 2.27% respectively.

Bitcoin mining pool operator Foundry announced on October 8 that its founder and CEO Mike Colyer will step down after seven years in office.For the next six months, Colyer will remain at Foundry as a strategic advisor, assisting with the company's transition and the CEO selection process.