bitcoin mining
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This report will remain under active revision until June 19, 2026. Content may be added, updated, or refined as additional information becomes available. Findings are subject to change throughout the reporting period. Preface I began exploring scientific theories in middle school – around the sixth or seventh grade – and by my high school years,…
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In The Bitcoin Mining Singularity, I introduced a theoretical convergence point — 1 joule of energy producing 1 terahash per second (1 J/TH) — as a future milestone in Bitcoin mining hardware. The prediction was built on data from real ASIC models, beginning with the Antminer S9 in 2016 (100 J/TH) and accelerating to the…
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In a recent social media post, prominent Bitcoin advocate Max Keiser humorously proposed that the United States could maintain fiscal neutrality by selling its substantial cheese reserves to invest in Bitcoin. Keiser’s comment, shared on X.com, stated, “Selling America’s strategic cheese reserve and buying Bitcoin is budget neutral.” The U.S. government has historically maintained significant…
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In El Salvador, students are engaging with Bitcoin mining technology through hands-on experience with NerdMiner devices. These educational tools simulate the Bitcoin mining process, offering an approachable and captivating learning experience. Recent reports highlight that these students are learning to flash NerdMiner devices and connect to public mining pools, achieving solo mining rates of 77…
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Canaan Inc., a leading cryptocurrency mining hardware manufacturer, has secured up to $200 million in funding through a Series A-1 Preferred Shares financing agreement with an institutional investor. The first tranche of $100 million was completed on March 10, 2025, with the remaining $100 million expected in the near term, subject to certain conditions. The…
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This study proposes a new theoretical framework: the Bitcoin Mining Singularity, defined as the point at which one joule of energy yields one terahash per second (1 J/TH) of cryptographic computation. This convergence of energy efficiency and computational output in Bitcoin mining represents a potential milestone in the global evolution of post-industrial labor, energy monetization,…
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Bitfarms Ltd. has reported a 21% increase in its operational hashrate, reaching 19.5 exahashes per second (EH/s) as of March 31, 2025. This growth contributed to the company’s production of 280 bitcoins (BTC) in March, marking a 31% increase from the previous month. The completion of the acquisition of Stronghold Digital Mining, Inc. in…
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Core Scientific Inc. (NASDAQ: CORZ) announced on May 13, 2025, that Todd Becker has stepped down from its Board of Directors, effective immediately. Becker joined the board in January 2024 and served as Chair of the Audit Committee. During his tenure, he played a pivotal role in overseeing two significant capital raises that materially improved…
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Riot Platforms, Inc. (NASDAQ: RIOT) has finalized the acquisition of Rhodium Encore LLC’s assets at the Rockdale Facility for $185 million. The transaction includes 125 megawatts (MW) of power capacity and all tangible assets, such as ASIC miners, previously under Rhodium’s operation. The acquisition terminates legacy hosting contracts with Rhodium, which generated a gross loss…
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Cango Inc. has finalized a $352 million agreement to divest its Chinese auto-financing business to Ursalpha Digital Limited, a company linked to Bitmain’s affiliate, Antalpha. This transaction marks Cango’s full transition into Bitcoin mining operations. The deal includes an upfront payment of $210.6 million, with the remaining amount contingent upon meeting specific tax obligations and…
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CryptoCloaks, a known vendor of Bitcoin mining accessories, was removed from the official Open Source Miners United (OSMU) seller list due to an alleged failure to meet GitHub repository criteria. CryptoCloaks initially tweeted about being delisted after questioning transparency regarding fees associated with Bitaxe boards sold through OSMU. Public Pool, representing OSMU, responded by stating…
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A Canaan Bitcoin miner experienced a power supply unit (PSU) failure, leading to significant damage. An analysis suggests two primary causes: inadequate power delivery from an extension cord and the use of a non-compliant USB-C cable. Theory 1: Inadequate Power Delivery from Extension Cord The PSU was connected via an extension cord, which may not…
