Latest news with #BitcoinMining
Associated Press
6 hours ago
- Business
- Associated Press
Wall Street's New Secret: USDT Mining Meets Bitcoin Mining App—30-Day Profit Revealed
Zurich, Switzerland, July 13, 2025 (GLOBE NEWSWIRE) -- 'Stablecoin yields and Bitcoin block rewards no longer live in separate worlds,' said HASHJ's product director. 'By combining USDT mining with a mobile bitcoin mining app, HASHJ turns any smartphone into a diversified, passive-income generator.' Why a Bitcoin Mining App With Built-In USDT Mining? Key Features & Benefits $18 Cash + $100 Hash Voucher – Activate USDT mining or Bitcoin hashing immediately—zero capital outlay. One-Tap Cloud Contracts – Choose 2- to 90-day plans; AI reallocates power hourly for best payout. Stablecoin Auto-Staking – USDT earnings can be auto-restaked into hash power or withdrawn daily. 100 % Renewable Energy – Wind-, hydro- and solar-powered farms slash carbon and electricity costs. Grade Compliance – HASHJ operates under oversight, with multi-sig cold custody and audited reserves. How to Start in 3 Easy Steps Download the HASHJ Bitcoin Mining App from iOS/Android or sign up at Claim Your $118 Welcome Pack – $18 cash + $100 hash voucher credited instantly. Select 'USDT Mining' or 'BTC Cloud Hash' – Watch rewards accrue in real time; withdraw or auto-compound every 24 h. Early-User Snapshot Amira Rodr íguez, a freelance developer in Madrid, invested her $118 onboarding fund and personal funds into HASHJ 's 30-day USDT mining plan, netting a 48% gain before rolling the profits into a 60-day Bitcoin contract — 'all while commuting, 's automatic compounding feature, Mark earned a total of $1,074, a 34% return, helping his e-commerce store cover the cost of new inventory. About HASHJ Founded in 2018, HASHJ converts institutional-grade mining facilities into mobile cloud contracts. Its AI scheduler balances hash power across BTC, ETH, DOGE, XRP, SOL and now USDT mining pools, serving over 9 million users in 96 countries. HASHJ's mission: democratise crypto income without sacrificing sustainability or compliance. Begin USDT mining and Bitcoin mining on your phone today—download the HASHJ app or visit to secure your $118 starter bonus. Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Name: Olivia Wilson Email: [email protected] Job Title: Public Relations Manager
New York Times
5 days ago
- Business
- New York Times
The ‘Trump Pump': How Crypto Lobbying Won Over a President
Just over a year ago, while sitting around a table in an ornate meeting room at Mar-a-Lago, David Bailey and a group of top Bitcoin executives made a pitch to Donald J. Trump. They were looking for a savior. For years, cryptocurrency companies had endured a sweeping crackdown in Washington — a cascade of lawsuits, regulatory attacks and prosecutions that threatened the industry's survival. Mr. Trump wasn't an obvious sympathizer. He had once dismissed Bitcoin as a 'scam.' But he welcomed the executives into his private club in Florida because the industry had suddenly gotten his attention. Mr. Bailey was mobilizing crypto investors to vote for Mr. Trump and had called on his colleagues to raise $100 million for the election effort. At Mar-a-Lago, Mr. Bailey brought along representatives of several large Bitcoin mining firms — an energy-guzzling sector that has drawn noise complaints and environmental concerns. They pitched Mr. Trump on the economic benefits of Bitcoin, before pivoting to a bold request: Could Mr. Trump write a supportive post on his social media site? The proposed language was included at the bottom of a bullet-pointed meeting agenda, according to a copy reviewed by The New York Times. Mr. Trump said he would 'consider it,' Mr. Bailey, who runs the digital currency firm BTC Inc., recalled in an interview. 'We had no idea if that was going to happen.' That night, Mr. Trump fired off a Truth Social post containing the exact message proposed by the executives: 'We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!' Chief executive of BTC Inc. Silicon Valley venture capitalist and White House crypto czar Chief executive of Ripple Chief legal officer of Ripple Founder of Input Output Former Trump campaign chairman Longtime Trump business partner Bitcoin advocate and former prosecutor Major Trump-fundraiser and lobbyist Former White House chief of staff The president's middle son Want all of The Times? Subscribe.
Coin Geek
5 days ago
- Business
- Coin Geek
Tether's open-source software signals new era for mining
Getting your Trinity Audio player ready... Tether, the issuer of stablecoin USDT, plans to open-source its Bitcoin Mining Operating System (MOS) by Q4 2025, a move that could democratize block reward mining. By making its proprietary software freely available, Tether aims to reduce reliance on costly third-party systems, lower entry barriers for new miners, and foster innovation. This initiative comes as the mining industry grapples with post-halving economics, rising energy costs, and a pivot toward sustainability and diversification. Block reward mining, the process of securing the blockchain through computational power, is increasingly dominated by large players like Marathon Digital (NASDAQ: MARA) and Riot Platforms (NASDAQ: RIOT), who leverage advanced ASICs and energy-efficient infrastructure. Tether's MOS, previously used by select partners, optimizes mining operations, enhancing hash rate efficiency and energy management. Open-sourcing MOS could empower smaller miners, who hold a 54.6% market share in 2025, to compete with established firms. This aligns with blockchain's ethos of decentralization, potentially redistributing hash power away from concentrated mining pools. The 2024 Bitcoin halving, which cut block rewards to 3.125 BTC, has squeezed profitability, pushing miners to prioritize efficiency. Advanced hardware like Canaan's (NASDAQ: CAN) A1566 (185 TH/s, 18.5 J/TH) and Bitmain's Antminer S21 have become critical, but software plays an equally vital role. Tether's MOS could enable miners to customize operations, optimizing energy use and integrating with renewable sources like hydropower, which powers 36% of North American mining. This is crucial as major miners have committed to net zero targets by 2030, driven by ESG pressures and institutional investor demands. The industry is also diversifying, with miners like Hive Blockchain (NASDAQ: HIVE) and Core Scientific (NASDAQ: CORZ) repurposing facilities for artificial intelligence (AI) and high-performance computing (HPC). Global data center demand is expected to surge 160% by 2030, driven by AI applications like ChatGPT, which require 10 times the power of a Google search (NASDAQ: GOOGL). Tether's open-source software could facilitate hybrid models, allowing miners to toggle between cryptocurrency and AI workloads, maximizing infrastructure value. For instance, CoreWeave, a former Ethereum miner, now generates significant revenue from AI computing, a path smaller miners could emulate with accessible software. However, open-sourcing MOS carries risks. Proprietary systems benefit from dedicated support and security updates, while open-source platforms rely on community contributions, which may lack consistency. Miners must implement robust cybersecurity to prevent vulnerabilities, especially as hacking attempts on blockchain networks rise. Regulatory challenges also loom, with regions like Europe imposing high energy costs ($142,682 to mine one BTC) and Russia enforcing seasonal bans. Tether's initiative may struggle in such environments unless paired with cost-effective energy strategies. The competitive landscape remains intense, with Bitmain, Canaan, and Nvidia (NASDAQ: NVDA) leading hardware innovation, while public miners like CleanSpark (NASDAQ: CLSK) (45.6 EH/s in May 2025) dominate operations. Tether's move could disrupt this dynamic by enabling smaller players to innovate, potentially integrating MOS with tools like WhatToMine for profitability analysis. The broader market, projected to grow from $4.66 billion in 2024 to $14.09 billion by 2035 at a 10.57% CAGR, underscores the potential impact of accessible software in driving growth. Tether's decision to open-source its MOS by Q4 2025 could mark a turning point for block reward mining, promoting inclusivity and efficiency. However, its success hinges on community adoption, security measures, and navigating a complex regulatory landscape. As mining evolves, Tether's initiative may pave the way for a more decentralized and sustainable future. Watch: Untangling Bitcoin mining at the CoinGeek Weekly Livestream title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Yahoo
6 days ago
- Business
- Yahoo
Soluna Holdings Stock Rises on Data Center Expansion With 'Top-Tier Bitcoin Miner'
Soluna Holdings shares rose in early trading Tuesday after the maker of green data centers announced an expansion of its Texas site with a company it called a 'top-tier Bitcoin miner." 'With this deal, Project Dorothy 2 is now fully marketed and contracted,' Soluna said. Soluna shares have fallen almost 70% this Holdings (SLNH) shares rose in early trading Tuesday after the maker of green data centers announced an expansion of its Texas site with a company it called a 'top-tier Bitcoin miner.' 'With this deal, Project Dorothy 2 is now fully marketed and contracted,' Soluna said. The data center developer said it has expanded its flagship project site Project Dorothy 2 by 30 megawatts in its third buildout with this customer, which it didn't name. 'It's a major milestone in our growth pipeline, bringing 100% of our active facilities to full capacity,' Soluna CEO John Belizaire said. Soluna shares rose 4.6% in early trading Tuesday. The company's shares have fallen almost 70% so far this year. Read the original article on Investopedia
Coin Geek
7 days ago
- Business
- Coin Geek
US tax challenges for Bitcoin miners: A call for commodity-style reform
Getting your Trinity Audio player ready... In the high-octane world of Bitcoin mining, where hash rate dominance and operational efficiency drive shareholder value, U.S. miners face a formidable obstacle: an antiquated tax regime that squeezes margins and threatens market stability. Publicly traded heavyweights like MARA Holdings (NASDAQ: MARA), Riot Platforms (NASDAQ: RIOT), and CleanSpark (NASDAQ: CLSK) are sounding the alarm on IRS policies that impose immediate taxation on newly mined Bitcoin as ordinary income, followed by capital gains tax upon sale—a double-taxation burden not faced by traditional commodity industries like gold or oil. This structure forces miners to liquidate Bitcoin prematurely to cover tax liabilities, potentially flooding the market and destabilizing prices. As miners rally for tax alignment with commodities, the outcome could redefine their capex strategies, hash rate scalability, and competitive edge in a post-halving environment where every joule and dollar counts. The crux of the issue lies in the IRS's classification of Bitcoin as property rather than a commodity. When miners like Bitdeer (NASDAQ: BTDR) or Core Scientific (NASDAQ: CORZ) validate a block and earn Bitcoin rewards, the fair market value of those coins is taxed immediately as ordinary income, often at rates exceeding 37% for high-earning corporations. If the Bitcoin is later sold—whether to fund fleet upgrades or cover opex (operating expenses)—miners face capital gains tax on any price appreciation, effectively taxing the same asset twice. This contrasts sharply with commodities like gold, where miners incur no tax liability until the asset is sold. For MARA Holdings, which reported a record-breaking Q1 2025 with 23 joules per terahash (J/TH) efficiency and 49,179 BTC in treasury reserves, this tax structure creates a liquidity crunch, forcing sales that erode their HODL (hold on for dear life) strategy and limit reinvestment in next-generation ASICs like Bitmain's Antminer S21 Pro (17 J/TH). The financial strain is acute in today's mining environment, where costs have surged 34% to over $70,000 per BTC due to rising energy prices and network difficulty hovering at 126.4 trillion. Post-halving economics, with block rewards slashed to 3.125 Bitcoin, amplify the pressure. Riot Platforms, operating one of North America's largest mining facilities, has highlighted how premature BTC sales to cover taxes disrupt long-term value creation, particularly as global hash rate nears 1,000 EH/s (exahashes per second). CleanSpark, targeting 32 EH/s by year-end, relies on modular infrastructure and low-cost power to maintain margins, but tax-driven liquidations divert capital from scaling operations. As Abundant Mines CEO noted, 'Aligning Bitcoin taxation with commodities would reduce forced selling, stabilize market dynamics, and unlock investor confidence.' The market implications are significant. Forced liquidations by U.S. miners, who control over 31.6% of global hash rate, could flood the market with BTC supply, depressing prices and rattling investor sentiment. Core Scientific, which has diversified into high-performance computing (HPC) to hedge mining volatility, warns that excessive sell pressure undermines BTC's store-of-value narrative. The Bitcoin Mining Council estimates that U.S. miners' HODL strategies, with reserves surpassing many ETF holdings, make their tax treatment a linchpin for price stability. A commodity-style tax framework—deferring taxation until sale—would allow miners to retain Bitcoin on their balance sheets, enhancing financial flexibility and reducing market-disrupting liquidations. Achieving reform, however, is no small feat. The IRS has long resisted reclassifying digital assets, citing concerns over tax evasion and regulatory complexity. Political gridlock in Washington, especially amid broader digital currency policy debates, further complicates the path forward. Miners like Hut 8 (NASDAQ: HUT), with low-cost operations in Canada achieving sub-3-cent-per-kWh power costs, are exploring cross-border strategies to mitigate U.S. tax burdens, signaling the risk of capital flight. Jurisdictions like Canada and Brazil, with favorable energy profiles and regulatory climates, could siphon investment if U.S. policies remain punitive. Publicly traded miners are adapting through operational ingenuity. Bitdeer, with 11.4 EH/s in hash rate, has leaned into yield strategies like staking to offset cash flow constraints. Riot Platforms has secured power purchase agreements at sub-4-cent-per-kWh rates to preserve margins, while MARA's disciplined fleet management drives efficiency gains. Yet, these are stopgap measures. As MARA's CEO Fred Thiel stated in a recent earnings call, 'A fair tax structure is critical to scaling our operations and competing globally.' The Financial Accounting Standards Board's 2024 shift to fair value accounting for digital assets offers a precedent, but legislative action is needed to align taxation with commodities. The industry's push for reform is gaining momentum, intensifying lobbying efforts through groups like the Bitcoin Mining Council. A successful outcome could unlock significant value, enabling miners to reinvest in infrastructure, optimize energy efficiency (e.g., sub-20 J/TH rigs), and scale hash rate to capture block rewards. Failure to reform risks eroding the U.S.'s position as a mining hub, potentially redirecting capital to more favorable jurisdictions. Tax equity will be a defining battle for long-term sustainability as miners navigate rising difficulty and energy costs. In conclusion, the U.S.'s outdated tax regime poses a critical challenge for Bitcoin miners, forcing premature sales that threaten financial stability and market dynamics. Aligning Bitcoin's tax treatment with commodities could empower miners to scale operations, strengthen balance sheets, and maintain global competitiveness. For publicly traded miners, the fight for reform is not just about margins—it's about securing the future of U.S. Bitcoin mining. Watch | Mining Disrupt 2025 Highlights: Profitable trends every miner should know title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
