Cypherium Unveils Mining System to Turn Idle AI GPUs Into Revenue
Cypherium unveils COLOSSUS-X, a Proof-of-Work design aimed at monetizing idle AI GPUs, with plans for a compute reservoir and onchain pricing index.
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Mining
Binance to Shut Down Mining Pool and Cloud Mining on Nov 10
Binance will shut down mining services on November 10 at 7 a.m. UTC. Users must move equipment; historical records will be accessible until November 24.
JPMorgan: Crypto Inflows Hit $50B as Miners Sell $1.8B to Fund AI
JPMorgan estimates $50 billion in crypto inflows this year, with improving ETF demand and stronger futures positioning supporting momentum into Q4.
Fortitude Eyes $100M Bitmain Deal to Expand Zcash Mining Fleet
Fortitude signs a nonbinding LOI for up to $100 million in BITMAIN Zcash miners, with a $20 million refundable deposit and expanded DCG financing.
KuMining Hits $25M in Sales and 200K Users in First Year
KuMining reports over $25 million in first-year sales, 200,000 users, and 5 EH/s in Bitcoin hashrate sales as it expands its cloud mining services.
Hut 8 Wins $140M Bid for Bankrupt Poolin's Texas Data Centers
Hut 8 wins a $140 million bid for Poolin’s Pyote and Tarbush data centers in Texas as it expands deeper into AI infrastructure.
House Panel Advances First Federal Crypto Tax Bill in 38-5 Vote
A House committee advanced the Digital Asset Tax Certainty Act, covering small crypto fees, voluntary disclosures, and taxation of mining and staking income.
Bitcoin Miners' Pivot to AI Pays 3x More, CoinShares Finds
CoinShares says Bitcoin miners that shifted to AI are unlikely to return, as AI delivers three times more profit per megawatt than BTC mining.
Tether Abandons $120M Bitcoin Mining Project in Uruguay After Power Dispute
Tether reportedly abandoned a $120 million Bitcoin mining project in Uruguay after a power supply dispute with state-owned utility UTE.
Bitcoin Tops $64K as Listed Miners Cut Power 21% for AI
Bitcoin rises above $64,000 as altcoins retreat, miners shift capacity toward AI, and higher oil prices fuel inflation and geopolitical concerns.
BitRiver Founder Moved to Pre-Trial Detention as Russian Fraud Investigation Escalates
A Russian court has moved BitRiver founder Igor Runets to pre-trial detention as investigators pursue fraud charges linked to an alleged $12.5 million mining equipment deal.
VoskCoin Goes Behind the Scenes at GoMining's Texas Bitcoin Mining Facility
VoskCoin tours GoMining's Texas Bitcoin mining facility, showcasing the technicians, engineers, and infrastructure powering one of the industry's largest mining operations.