CleanSpark mined 593 BTC in August, but sold 821 and ended the month with a smaller treasury, raising fresh questions about profitability beneath the stronger output. Better efficiency and higher BTC prices helped, but a hefty chunk of holdings is tied up in derivatives and the real bottom line is still murky.
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Congress may be considering a tax deferral rule for Bitcoin mining and staking rewards, a move that could ease the cash-flow squeeze on crypto operators. But the proposal is still hazy, and the real fight is whether Washington can write clear rules without creating another loophole mess.
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An old 2010 Bitcoin forum post did the math and found solo mining a 50 BTC block could be a net loser after electricity costs alone. It’s a sharp reminder that Bitcoin mining was never free money—it was already a brutal game of power prices, probability, and hardware efficiency.
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Luke Dashjr has exited OCEAN after a mutual split with Mummolin, giving up his leadership roles and equity as he prepares to launch CONVOY. OCEAN says it will keep running, but the breakup highlights the ongoing fight over Bitcoin mining’s future.
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EU carbon pricing and stubborn UK banks are squeezing lawful Bitcoin businesses from both sides. A new study suggests emissions leakage may be pushing mining activity elsewhere, while UK crypto firms still face blocked transfers, account closures, and banking delays despite clearer rules.
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BitGo is buying NYDIG’s institutional trading business, adding derivatives, execution, financing, and structured products to its regulated crypto stack, while NYDIG pivots harder into Bitcoin mining, power generation, and high-performance computing.
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Bitcoin’s rebound is giving miners some breathing room, but post-halving economics are still brutal, and the AI pivot is running into political pushback. Some firms are adapting with real contracts and infrastructure; others are discovering that power, permits, and profits don’t bend to hype.
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Poolin has filed for Chapter 11 in New Jersey, aiming for a court-supervised asset sale after years of liquidity trouble. Court papers show a huge gap between assets and liabilities, with the 2022 wallet withdrawal freeze still looming over the fallout.
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Tether’s big Bitcoin mining bet in Uruguay unraveled after a dispute with state utility UTE over power terms and unpaid bills led to a cutoff in July 2025. The collapse is a blunt reminder that mining runs on cheap, reliable electricity—not hype.
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Riot Platforms is reportedly turning a Texas Bitcoin-mining campus into AI infrastructure, with a $9.1 billion Anthropic deal spanning 20 years. The move could make its power, land, and grid access more valuable than hash power alone — but the buildout won’t be cheap or simple.
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