The largest driver of the quarterly loss was a $1.5 billion negative revaluation of digital assets following a decline in the price of Bitcoin. Under fair-value accounting rules, companies must adjust the carrying value of their digital asset holdings each quarter to reflect market prices, creating swings in reported earnings.
Bitcoin declined about 23% in the fourth quarter, pressuring companies that hold large reserves of the cryptocurrency on their balance sheets. Under updated rules from the Financial Accounting Standards Board, firms must mark digital asset holdings to market each reporting period. As a result, American Bitcoin recorded a $227 million non-cash loss tied to the revaluation of its bitcoin treasury.
In its latest weekly production update, the Singapore-based miner disclosed that it produced 189.8 BTC during the period and sold the entire amount. It also offloaded its remaining 943.1 BTC in reserves in a single week, wiping out its balance sheet holdings. The move marks a sharp break from the traditional public miner strategy of accumulating bitcoin as a treasury asset. With the liquidation, Bitdeer becomes the largest publicly traded miner by self-mining hashrate to hold no bitcoin on its balance sheet.
Arkham Intelligence says bitcoin mining operations linked to the UAE's Royal Group are sitting on roughly $344 million in unrealized profit, excluding energy costs. Arkham attributed about 6,782 BTC to wallets connected with UAE royal-linked mining activity, valuing the holdings at approximately $453.6 million at the time of analysis. The firm said the implied profit reflects the difference between current bitcoin prices and estimated production costs, though it noted the figure does not account for electricity and operational expenses.
The system is built around next-generation 3nm American-designed ASICs and a custom in-house controller, marking the first U.S.-engineered Bitcoin ASIC paired with a domestically built hardware platform in a consumer desktop form factor, according to a note shared with Bitcoin Magazine. The Apollo III continues FutureBit's mission to decentralize hash power through low-power, individual-focused systems. Founder John Stefanopoulos highlighted the device's role in strengthening Bitcoin decentralization, referencing the company's 2024 milestone of mining a modern-era sovereign solo block.
Instead of running continuous hash power, it submits lottery-style tickets, each representing an attempt to solve a full Bitcoin block. With 1,000 KH/s of hashing power - roughly 18 times higher than many ticket-based alternatives - it submits more attempts per day while consuming under 18 watts, the company says. The device runs silently, operates independently over Wi-Fi using NMMiner firmware, and requires no licensing or activation fees. For founders who are already paying for 24/7 office power, the marginal cost is effectively negligible.
Byrd argued that once a miner has built a data center and signed a long-term lease with a creditworthy counterparty, the asset should be valued for stable, long-term cash flow rather than bitcoin exposure. He likened these sites to data center real estate investment trusts (REITs) such as Equinix (EQIX) and Digital Realty (DLR), which trade at high multiples due to scale and predictable revenue.
IREN Ltd (NASDAQ:IREN) reports Fiscal Q2 2026 earnings after market close today at 4:00 PM ET. The stock has been on a wild ride, up 273% over the past year but down 31% in the past week heading into the print. The company's transformation from pure Bitcoin miner to AI cloud infrastructure provider is the story investors are watching. IREN landed a $9.7 billion Microsoft contract for GPU deployments, targeting $1.9 billion in annual recurring revenue from that relationship alone.
Recent Bitcoin price volatility has caused anxiety among many holders, and traditional miners face the risk of shutdowns due to high electricity costs. However, in another parallel sector-cloud mining- 's user data shows remarkable resilience. Why is this a scene of "red rise" and abundance in a market where prices are falling? Key Insight: Say Goodbye to the "bitterness" of traditional mining and enjoy the "sweetness" of cloud computing power In a bear market, ordinary people see risk, but Eden Miner sees opportunity. See how we solve the four fatal flaws of traditional mining for you:
The bank, Russia's largest lender, said the loan was secured using digital assets mined directly by Intelion Data. Sberbank did not disclose the size, duration, or exact type of cryptocurrency used as collateral, describing the transaction as an experimental pilot rather than a full commercial rollout. "We believe this product will be relevant not only for cryptocurrency miners, but also for companies that own cryptocurrencies," Sberbank said in a statement, adding that it may issue similar loans in the future if the model proves effective.
One afternoon in June 2024, I stood up against the fence of a sprawling industrial facility a few miles outside of Corsicana, Texas. Over a metal gate, I watched a bright yellow excavator claw at the dirt and flatbed trucks shuttle to and fro. A hangar-like structure with a gleaming white roof stretched hundreds of meters along the opposite perimeter. The company that owned the plot, Riot Platforms, was busily constructing the world's largest bitcoin mine.
Colombian Bitcoin and crypto mining company Horeb Energy reveals 2.5 cents per kWh of green biogas energy in the North Santander region of the Latin American country. The company has achieved energy prices 50% lower than the North American average of 3.5 to 6 cents per kwh for Bitcoin mining operations, through a strategic alliance with multinational energy company Veolia. Authorized in 1853 by Napoleon III to help build out public water works infrastructure in France, Veolia is a global leader in environmental services focused on water, waste, and energy solutions. Today in Norte de Santander, Colombia, the company operates critical facilities dedicated to biogas valorization and solid waste management - a common problem in Colombia and Latin America in general, known for massive landfills. Veloia also operates the "Centro Inteligente de Gestión Ecológica" - CIGE Guayabal landfill, a pioneer in biogas systems development in the region.
As Kent Halliburton stood in a bathroom at the Rosewood Hotel in central Amsterdam, thousands of miles from home, running his fingers through an envelope filled with 10,000 euros in crisp banknotes, he started to wonder what he had gotten himself into. Halliburton is the cofounder and CEO of Sazmining, a company that operates bitcoin mining hardware on behalf of clients-a model known as "mining-as-a-service."
The fund will be seeded with assets seized or repatriated from abroad, along with proceeds from state-backed bitcoin mining operations. Central bank governor Timur Suleimenov said in London this week that the fund will invest "very carefully" through regulated instruments such as exchange-traded funds (ETFs) and shares of companies involved in digital finance, rather than holding cryptocurrencies like bitcoin directly.
Shares of crypto miners rallied on Friday, with Bitfarms, Cipher Mining and Hut 8 extending gains after trading company Jane Street disclosed sizable positions in all three Bitcoin mining companies. Filings submitted to the US Securities and Exchange Commission on Thursday show that Jane Street's trading affiliates own roughly 5.4% of Bitfarms, 5% of Cipher Mining and 5% of Hut 8, representing passive trading positions rather than activist holdings.
Sazmining, the pioneer in Bitcoin Mining-as-a-Service (BMaaS), bringing Software as a Service to Bitcoin Mining for the masses, today announced two significant milestones that redefine the future of mining: a full integration with OCEAN, the decentralized Bitcoin mining pool backed by Jack Dorsey and Luke Dashjr, and the industry's first-ever Annual Rig Performance Guarantee. Together, these advancements solidify Sazmining as the most transparent, customer-aligned, and sustainable partner in the Bitcoin mining industry.
For months, a group of Hood County, Texas, residents has been pushing to create a new town of their own. The effort began in March, when citizens living in a two-square-mile unincorporated stretch of the county, about 50 miles southwest of Fort Worth, started gathering signatures to form what they hope will become Mitchell Bend, Texas. By April, organizers believed they had enough support and submitted their petition to county officials.
Alpha Watt's Dafter facility utilizes surplus energy from Cloverland Electric Cooperative, one of America's oldest hydroelectric plants, to stabilize the energy grid.
Bow Miner achieved a remarkable performance on June 29, 2025, with only 580 computing power earning 33 BTC worth over 3.54 million US dollars in a single day.
"GDA's strategic priority is to combine operational excellence with long-term sustainability," said the Executive President of GDA Abdumalik Mirakhmedov. "Auradine's advanced mining systems offer the performance and flexibility we need to compete globally while staying aligned with our focus on responsible energy use, innovation, and a commitment to supporting the grid."
