Latest news with #MiningIndustry
Coin Geek
09-07-2025
- 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="">
News.com.au
02-07-2025
- Business
- News.com.au
Break it Down: Trigg takes in $12.5m strategic backing for North American antimony
Fraser Palamara talks Trigg Minerals and the strongly-backed placement which has put it on rails to near-term pilot mining of US antimony.
Yahoo
27-06-2025
- Business
- Yahoo
AFARAK GROUP SELLS ZEERUST MINE ASSETS
07:00 London, 09:00 Helsinki, 27 June 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP SELLS ZEERUST MINE ASSETS Stock Exchange Release The Board of Directors of Afarak has approved the arrangement for the sale of Zeerust's Chrome Mine Limited plant, assets and mining right. Zeerust is a South African company which holds the Chrome mine located in the North West province at approximately 35 kilometers east of the Bushveld Complex. The buyer is PLANTCOR MINING AND PLANT HIRE (PTY) LTD, a private company with limited liability, duly registered and incorporated in accordance with the laws of South Africa (the 'Transaction'). The signing of the Transaction has taken place. The total purchase price for the Transaction is ZAR 40 million (around 2 million euro) and will be paid in the next five working days. The transaction will have a positive effect on the Group's financial result in 2025 and will contribute to facilitating working capital management. Helsinki, June 27, 2025 AFARAK GROUP SE Board of Directors For additional information, please contact: Guy Konsbruck, CEO, +356 2122 1566, Financial reports and other investor information are available on the Company's website: Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK). Distribution:NASDAQ HelsinkiLondon Stock ExchangeMain media in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
16-06-2025
- Business
- Washington Post
A Mali judge orders a Canadian gold mining company placed under provisional administration
BAMAKO, Mali — A judge in Mali on Monday ordered the Canadian mining company Barrick Gold to be placed under provisional administration in an ongoing dispute with the military government over unpaid taxes. Judge Issa Aguibou Diallo in a statement to Barrick's lawyers also announced the appointment within 15 days of Zoumana Makadji, an accountant and a former minister of health of Mali, as the company's provisional administrator.
Yahoo
14-06-2025
- Business
- Yahoo
Capital Allocation Trends At Gem Diamonds (LON:GEMD) Aren't Ideal
When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in trouble. A business that's potentially in decline often shows two trends, a return on capital employed (ROCE) that's declining, and a base of capital employed that's also declining. Trends like this ultimately mean the business is reducing its investments and also earning less on what it has invested. Having said that, after a brief look, Gem Diamonds (LON:GEMD) we aren't filled with optimism, but let's investigate further. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Gem Diamonds, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.047 = US$15m ÷ (US$349m - US$25m) (Based on the trailing twelve months to December 2024). So, Gem Diamonds has an ROCE of 4.7%. In absolute terms, that's a low return and it also under-performs the Metals and Mining industry average of 7.0%. View our latest analysis for Gem Diamonds In the above chart we have measured Gem Diamonds' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Gem Diamonds . We are a bit worried about the trend of returns on capital at Gem Diamonds. To be more specific, the ROCE was 6.7% five years ago, but since then it has dropped noticeably. Meanwhile, capital employed in the business has stayed roughly the flat over the period. Since returns are falling and the business has the same amount of assets employed, this can suggest it's a mature business that hasn't had much growth in the last five years. So because these trends aren't typically conducive to creating a multi-bagger, we wouldn't hold our breath on Gem Diamonds becoming one if things continue as they have. In summary, it's unfortunate that Gem Diamonds is generating lower returns from the same amount of capital. We expect this has contributed to the stock plummeting 74% during the last five years. That being the case, unless the underlying trends revert to a more positive trajectory, we'd consider looking elsewhere. If you want to know some of the risks facing Gem Diamonds we've found 2 warning signs (1 is concerning!) that you should be aware of before investing here. For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
