Bitcoin Mining

Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the blockchain network. It involves powerful computers solving complex mathematical problems to secure the Bitcoin network and maintain its decentralized nature. Individuals, companies, and even specialized mining pools participate in this process, known as miners. These miners play a crucial role in ensuring the integrity and security of the Bitcoin network. As the number of bitcoins in circulation is limited, mining also serves as a means of distributing new bitcoins. Miners are rewarded with newly minted bitcoins for their computational efforts and the energy they contribute to the network. Bitcoin mining has evolved over time, with the advent of more efficient hardware and the rise of mining farms. These farms, often operated by companies, leverage economies of scale to maximize their mining capabilities. Additionally, mining protocols and algorithms have been developed to adapt to the increasing computational power and maintain the network's stability. Crypto exchanges facilitate the trading of bitcoins, allowing miners to convert their earned bitcoins into traditional currencies or other cryptocurrencies. This dynamic ecosystem of people, companies, protocols, and blockchain networks collectively contribute to the functioning and growth of Bitcoin and the broader cryptocurrency market.


Markets

Bitcoin Miner Bitdeer Increases BTC Holdings by 75% to 1,039 BTC in Two Months

The company redirected mining rigs to self-mining as customer delayed payments during bitcoin's price drop..

(Bitdeer Group)

Markets

CleanSpark Set to Become Second Bitcoin Miner in S&P SmallCap 600 Index

The company, which focuses on energy-efficient mining operations, has been expanding its operations over the past year including through an acquisition.

CleanSpark CEO Zach Bradford (CoinDesk archives)

Policy

Belarus Looking Into Crypto Mining Following Trump's Reserve Plans

We have excess electricity. Let them make this cryptocurrency and so on," Lukashenko told Minister of Energy Alexei Kushnarenko

Belarus President Alexander Lukashenko. (Serge Serebro, Vitebsk Popular News/Wikimedia Commons)

Markets

AI Firm CoreWeave Files for IPO, Citing $1.9B in Revenue

The company is expected to raise $4 billion at a $35 billion valuation.

cloud servers (CoinDesk archives)

Markets

Hut 8 Reports $331M Net Income in 2024 While Expanding AI Infrastructure

The bitcoin miner held over 10,000 bitcoin at the end of last year.

ASIC miner (Credit: Shutterstock)

Finance

Core Scientific Stock Surges After $1.2B Expansion of Data Center With CoreWeave

The expansion will significantly increase Core Scientific’s AI and cloud computing capacity and increase total projected revenue to $10.2 billion over 12-year contract terms.

(Getty Images)

Finance

Bitcoin Miners Drawing Power From Grids Will Face 'Reckoning' Post Next Halving, MARA Says

With rising energy cost, many miners may not survive the 2028 halving, MARA said.

Marathon Digital CEO Fred Thiel (CoinDesk "First Mover" screenshot)

Markets

Bitcoin Miner GDA Expands West Texas Facilities With 50 MW Deployment

Genesis Digital Assets is a private bitcoin miner that claims to have one of the largest hashrate capacities in the world.

Bitcoin mining rigs (Image credit: Eliza Gkritsi/CoinDesk)

Markets

Bitdeer Q4 Loss Widens to $532M as Miner Focuses on ASIC Development for 2025 Growth

The bitcoin mining firm faced revenue declines but is betting on proprietary ASIC chips to drive future expansion.

(Bitdeer Group)

Tech

AI Is Here, but That Doesn’t Mean Bitcoin Miners Are Finished: Blockspace

Public bitcoin miners are rushing to build AI business lines, but there’s still room for their original mandate, says this investment bank analyst.

(Shutterstock)