KuCoin launches cloud platform for 10% of Dogecoin mining
KuCoin unveiled a new cloud mining service targeting 10% of global Dogecoin hash rate. The platform offers scalable hashrate packages and pay-as-you-mine billing. KuCoin aims to attract retail and institutional hashrate investors with transparent performance metrics and low upfront costs.
Fireblocks Launches Payments Network for Stablecoins
Fireblocks launched the Fireblocks Network for Payments, a stablecoin payments network connecting over 40 participants including Circle, Bridge and Yellow Card. The network unites multiple stablecoin rails and local payment systems under unified APIs to reduce engineering costs and operational risks.
Utila Secures $22M to Expand Stablecoin Infrastructure Platform
Utila closed a $22 million extension of its March Series A round, tripling its valuation in six months. The firm offers enterprise stablecoin operations, handling payments, treasury and trading for clients like neobanks and payment providers, and plans expansion into Latin America, Africa and Asia-Pacific.
Metaplanet’s Bitcoin Treasury Reaches 20 000 BTC After $112M Buy
Japanese investment firm Metaplanet acquired 1 009 BTC for $112 million, raising total reserves to 20 000 BTC. The purchase surpassed Riot Platforms and secured Metaplanet’s position as a top public corporate Bitcoin holder.
Gryphon Digital Mining Merges with Trump Family-Linked American Bitcoin
Gryphon Digital Mining shareholders approved a merger with Trump-backed American Bitcoin to form a Nasdaq-listed entity under ticker ABTC. The deal includes a 5-for-1 reverse stock split and positions Eric and Donald Trump Jr. in executive roles.
Trump-Backed Bitcoin Miner American Bitcoin Targets September Nasdaq Debut
American Bitcoin, 80% owned by Hut 8 and 20% by Donald Trump Jr. and Eric Trump, is finalizing a merger with Gryphon Digital Mining ahead of its planned Nasdaq listing in September. The miner raised $220 million to expand its holdings and infrastructure.
American Bitcoin Backed by Trump Sons to Start Nasdaq Trading in September
American Bitcoin, the miner backed by Donald Trump Jr. and Eric Trump, will merge with Gryphon Digital Mining and list on Nasdaq under ticker ABTC in early September. The firm’s merger, backed 80% by Hut 8 and 98% controlled by the Trump family and Hut 8, secures financing advantages over a direct IPO. Expansion plans include acquiring crypto assets globally and alternating between mining and treasury strategies for optimal returns.
Bitcoin Mining Profitability under Pressure from Rising Power Costs
Bitcoin miners face squeezed margins as electricity costs consume up to half of revenue at current BTC prices. Industry executives highlighted a shift toward power monetization and infrastructure diversification. Emerging liquid staking and tech partnerships also featured as key trends.
Hut 8 Maps Path to Monetization of Energy Assets as Bitcoin Mining Carve-Out Nears
Benchmark raised Hut 8’s price target to $36 from $33 after the miner announced development of 1.53 GW of new U.S. energy capacity, doubling total to 2.55 GW. The upcoming spin-out of U.S. mining operations into American Bitcoin (ABTC) aims to unlock $2.4 billion in liquidity. The move positions Hut 8 as an energy infrastructure pure-play with diversified AI and HPC exposure.
Bitcoin Mining Faces 'Incredibly Difficult' Market as Power Becomes the Real Currency
Executives at Jackson Hole’s SALT conference noted that halving cycles no longer define mining profitability. Firms are diversifying into AI and data centers, while low-cost energy access remains critical.
Trump Family Invests in Dogecoin Mining Through Thumzup Acquisition
Thumzup Media Corp., backed by Donald Trump Jr., agreed to acquire Dogehash Technologies in an all-stock transaction valued at $153.8 million, to be listed as Dogehash Technologies Holdings on Nasdaq under ticker XDOG. The move expands renewable-powered Dogecoin and Litecoin mining operations and integrates layer-two staking strategies.
Google increases TeraWulf stake to 14%, becomes biggest shareholder
Google has boosted its stake in Bitcoin miner TeraWulf to 14% through expanded backstop commitments in a lease deal with AI infrastructure provider Fluidstack. The equity reflects 73 million warrants tied to a $3.2 billion backstop arrangement.
Bitcoin Mining Profitability Rises 2% in July Amid Price Rally, Jefferies Reports
Bitcoin mining profitability increased 2% in July as BTC price rose 7%, outpacing a 5% network hashrate increase. U.S.-listed miners contributed 26% of global output, with IREN and MARA leading production according to Jefferies.
Bitcoin mining profitability rose 2% in July amid BTC price rally
Bitcoin mining profitability increased by 2% in July as BTC price rose 7% while network hashrate climbed 5%, according to Jefferies. U.S.-listed miners produced 26% of network output and IREN led with 728 BTC mined during the month.
Bitcoin Mining Profitability Rose 2% in July Amid Price Rally
Bitcoin mining net profitability increased by 2% in July as price gains outpaced the rise in network hashrate. U.S.-listed miners accounted for 26% of total network production, up from 25% in June. Daily revenue per exahash climbed to $57,000, compared to $56,000 in June and $50,000 a year earlier.
Bitcoin Miner MARA Steps Into HPC With Majority Stake in EDF Subsidiary: H.C. Wainwright
MARA agreed to acquire a 64% stake in Exaion, EDF’s HPC subsidiary, with an option to increase to 75% by 2027. The move marks a pivot from bitcoin mining to cloud infrastructure, and H.C. Wainwright maintained a buy rating with a $28 price target.
Upbit Halts POKT Deposits and Withdrawals for Network Upgrade
Upbit suspended Pocket Network (POKT) deposits and withdrawals from August 12, 09:00 UTC to support a scheduled protocol upgrade. Users were advised to complete all POKT transactions before the halt to avoid disruptions during the upgrade process.
Core Scientific Shareholder Opposes CoreWeave $9 B Buyout Offer
Two Seas Capital, holding 6.5% of Core Scientific stock, announced plans to vote against CoreWeave’s $9 billion acquisition proposal, arguing that the deal undervalues Core Scientific and poses economic risks to shareholders.
IREN Ltd Mines More Bitcoin Than MARA in July, Shares Soar Over 11%
IREN Ltd reported mining 728 BTC in July, surpassing MARA’s 703 BTC despite 14% lower hashrate. Shares rose 11.4%, lifting market cap to $4.11 billion and marking second-highest valuation among public miners.