Thai authorities raid illegal Bitcoin mine behind local power outages
Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the region’s relatively low electricity costs
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the region’s relatively low electricity costs
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city
The Energy Ministry enacted the year-round restriction to mitigate power capacity shortages, as energy-intensive mining facilities...
Slowing ETF demand and corporate treasury selling are breaking the math behind Wall Street’s $16 trillion Bitcoin target
Bitcoin market cap must rise to ARK Invest's roughly $16 trillion 2030 base case, requiring about 78.6% annual growth from the cur...
Bitdeer Mines 2,694 BTC in Q2 as Revenue Jumps 47% to $228.8M Despite Losses
Key Takeaways: Bitdeer mined 2694 BTC in Q2, almost five times as much a year ago. The revenue rose by 47% to $228.8 million, and...
Bitmine adds 9,926 ETH as treasury nears 5% of total supply
Bitmine's growing ETH holdings could influence market dynamics, potentially boosting Ethereum's prominence in future crypto cycles...
Public Miners Shed 21% of Bitcoin Hashrate as AI Revenue Accelerates
Three months ago, we examined how public bitcoin miners were beginning to dismantle or repurpose mining fleets for AI and high-per...
Ex-Signature Bank chair launches blockchain-powered instant overseas payments service
N3XT's blockchain-based service could reshape global finance by offering regulated, instant cross-border payments, challenging tra...