#bitcoin-mining

#bitcoin-mining

Alpha Watt's Dafter facility utilizes surplus energy from Cloverland Electric Cooperative, one of America's oldest hydroelectric plants, to stabilize the energy grid.

A Boeing 777-300ER took off carrying 3,000 kilograms of bitcoin mining equipment for New York, leading a rush to avoid new tariffs announced by Trump.

IREN (NASDAQ: IREN) reported a record Q3 revenue of $148.1 million, a 172% increase year-over-year, driven by efficient Bitcoin mining and a 98% margin AI cloud segment.

Electricity producers are often compelled to sell overproduced energy at a loss due to a lack of storage, which constitutes an 'unacceptable economic and energy loss.'

In June, Bitdeer mined 203 BTC, a 4% increase from May, driven by higher self-mining hashrate, which rose 21% to 16.5 EH/s. 'In June, we increased our self-mining hashrate by 21% to 16.5 EH/s and we remain on track to reach 40 EH/s by the end of October 2025,' said Matt Kong, Chief Business Officer at Bitdeer.

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.

Unlike traditional load growth that materializes gradually over years, data centers demand immediate energy solutions. This creates a difficult position for some electric utilities.

"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."

American Bitcoin Corp, on its journey since April 2025, has emphasized that its core business revolves around Bitcoin accumulation, aiming for industry leadership and significant mining efficiency.

Key investors will be eager to see if IREN can maintain its profitability, particularly amidst the volatile landscape of bitcoin prices and fluctuating energy costs.