Latest news with #cryptomining
Yahoo
a day ago
- Business
- Yahoo
HIVE stock at four-month high amid historic Bitcoin rally
HIVE stock at four-month high amid historic Bitcoin rally originally appeared on TheStreet. The HIVE Digital Technologies (Nasdaq: HIVE) stock reached $2.47 on July 11, piggybacking on the phenomenal all-time high (ATH) Bitcoin reached this week. The stock is at its four-month high, as it last reached $2.52 on Feb. 24. HIVE Digital is one of the most prominent Bitcoin mining firms in the world. Crypto mining is the process of validating and adding transactions to a blockchain by solving cryptographic problems called hashes. On July 10, the firm announced it has surpassed a $250 million annualized run rate revenue. It has also surpassed 12 exahash per second (EH/s) of global Bitcoin mining hashrate, twice its output at the beginning of 2025. Hashrate measures how fast a miner executes cryptographic functions to solve blocks in a chain. It is calculated in terms of hashes per second, i.e., the number of hash operations executed per second. "Once we hit 18 EH/s, we expect approximately $400 million in annual run rate revenue," HIVE President & CEO Aydin Kilic said. While HIVE has facilities in Canada and Sweden, the firm is making a bold bet on its expanding facility in Paraguay. On July 7, the firm announced a series of milestones it has achieved in Bitcoin production. HIVE said it mined 164 Bitcoin in June, in contrast to 139 Bitcoin in May. In fact, it mined 15 Bitcoin per EH/s and 5.5 Bitcoin on a daily basis in June. Co-founder and executive chairman Frank Holmes is counting on the Paraguay facility to reach an even higher target of 12 BTC a day by the end of 2025. HIVE stock at four-month high amid historic Bitcoin rally first appeared on TheStreet on Jul 11, 2025 This story was originally reported by TheStreet on Jul 11, 2025, where it first appeared.
Globe and Mail
a day ago
- Business
- Globe and Mail
Ripple's XRP Enters AI Mining Era with PFMCrypto Launches Zero-Hardware XRP Cloud Mining with Daily Rewards
New York, NY, July 11, 2025 (GLOBE NEWSWIRE) -- As Ripple's XRP ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of XRP-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine XRP remotely and receive daily XRP rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the XRP economy through a streamlined, fully integrated platform. Explore the PFMCrypto website or download the app today. XRP Cloud Mining Is Here—Simple, Smart, and Rewarding Traditionally known for its role in cross-border payments and institutional finance, XRP now enters a new chapter with PFMCrypto's latest innovation: easy-to-use cloud mining. Users can mine XRP directly or leverage PFMCrypto's intelligent AI engine to automatically switch between the most profitable assets—including BTC, ETH, DOGE, USDC, and more—for optimized returns. All earnings are paid out daily in your chosen cryptocurrency, providing reliable income regardless of market fluctuations. Designed for both everyday users and professional investors, this platform empowers users to generate consistent crypto earnings from anywhere, at any time. Key Features of PFMCrypto's XRP Cloud Mining Contracts - Full XRP Integration: Deposit, purchase, mine, and withdraw XRP directly within the platform. - Multi-Coin Mining Support: Mine and receive earnings in BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH. - AI Revenue Optimization: Proprietary algorithms automatically allocate mining power to the top-performing assets to maximize returns. - 100% Remote Access: No mining equipment needed—fully accessible via the PFMCrypto mobile app or browser. - Capital Protection: All contracts include full principal return upon maturity, reducing risk while growing crypto assets. Mining Contracts for Every Budget and Strategy: PFMCrypto offers a broad range of mining contracts that support XRP-based deposits and withdrawals. Each contract is crafted for flexibility, predictable income, and effective risk management: $10 Contract – 1 Day – Earn $0.66 (Free with signup bonus) $100 Contract – 2 Days – Earn $3.00 daily + $2 reward $500 Contract – 5 Days – Earn $6.15 daily $5,000 Contract – 30 Days – Earn $78.50 daily $20,000 Contract – 45 Days – Earn $380.00 daily Whether you're testing the waters or building a long-term portfolio, PFMCrypto provides low-risk, high-transparency contracts that deliver stable daily income in XRP. Click here to explore more XRP cloud contracts. Why PFMCrypto's XRP Mining Stands Out? - Accessible to Everyone: No mining rigs, no setup, no complexity—just tap and earn. - XRP-Native Integration: Deposit, mine, and withdraw XRP in one seamless ecosystem. - Stable Returns, Smart Allocation: An AI-powered engine dynamically adjusts mining strategies to maximize rewards and ensure daily income across all supported coins. - Multi-Asset Flexibility: Mine XRP directly or diversify earnings into other top digital assets—all with one contract. - Instant Setup, Global Access: Mine from anywhere using your phone or browser—securely and remotely. Get Started Today in 3 Easy Steps: Sign Up – Create your account and receive a $10 welcome bonus Choose a Plan – Select a short- or long-term contract (1–60 days available) Start Earning – Track daily profits and withdraw in the token of your choice Start mining XRP now at: Or download the PFMCrypto mobile app (available for iOS & Android). XRP Mining for a Digital Future Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of XRP mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in XRP or diversify into major digital assets—all within a secure, fully remote environment. 'XRP has always been fast, efficient, and scalable,' said a PFMCrypto spokesperson. 'Now, it's also mineable—securely, remotely, and profitably. We've eliminated the barriers so anyone can participate in XRP's future growth.' Markets may shift—but daily mining income can remain steady. Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks. There is a possibility of financial loss. You are advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.
Arab News
5 days ago
- Business
- Arab News
IMF, Pakistan deny lender rejected crypto mining power subsidy plan
ISLAMABAD: Pakistan's Power Division and the International Monetary Fund (IMF) on Tuesday denied the global lender had rejected the Pakistani government's plan to subsidize electricity for cryptocurrency mining and artificial intelligence (AI) data centers in the South Asian country. The development comes days after reports suggested the Power Division secretary had informed a Senate committee that the IMF had rejected Pakistan's proposal to offer subsidized tariffs for crypto mining and to certain industrial sectors, warning that such measures could further strain the already burdened power sector. Pakistan's finance ministry announced in May this year that the government had allocated 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power Bitcoin mining and AI data centers, aiming to transform the country into a global leader in digital innovation. Speaking to Arab News, Zafar Yab Khan, a spokesperson for the Power Division, clarified that Power Division Secretary Dr. Fakhray Alam Irfan had not made any such comments about the global lender rejecting Pakistan's proposal. 'He (Alam) categorically said that 'we are still in negotiations with the IMF and discussing with them pros and cons of this initiative and hopeful to reach a solution during these negotiations',' Khan told Arab News. When asked if the IMF had rejected the proposal, Mahir Binici, the IMF resident representative in Pakistan, the two sides were still in talks and would remain engaged on the matter of providing surplus power for crypto mining and artificial intelligence sectors. 'IMF staff has held informational discussions at a technical level with the authorities to learn more about their plans related to developing the IT sector,' he told Arab News. 'Staff reiterated the importance of maintaining a level playing field for all private sector participants and will continue to engage with the authorities on this as appropriate as plans develop further.' Khan, the Power Division spokesperson, said Pakistan had surplus electricity to power crypto mining. 'We can confirm that this surplus electricity is available and can be allocated for crypto mining and other IT initiatives,' he said. Pakistan's bitcoin mining initiative is spearheaded by the Pakistan Crypto Council (PCC), a government-backed body under the Ministry of Finance, that was established in March to create a legal framework for cryptocurrency trading to lure international investment. In April, Pakistan introduced its first-ever policy framework to set rules for how digital money like cryptocurrencies and the companies that deal in it should operate in Pakistan while in May, Islamabad also unveiled the country's first government-led strategic bitcoin reserve at the Bitcoin 2025 conference in Las Vegas. Pakistan is uniquely positioned, both geographically and economically, to become a global hub for data centers, and offers the most strategic location in the world for data flow and digital infrastructure as a bridge between Asia, Europe, and the Middle East, according to officials. The country's combination of surplus power, geographic advantage, advanced subsea cable connectivity, renewable energy potential, and a large, digitally engaged population creates a compelling case for becoming a regional epicenter of Web3, AI, and digital innovation. The office of special assistant to the prime minister on blockchain and crypto, Bilal bin Saqib, has said that strategic partnerships are being forged to ensure that energy-intensive blockchain infrastructure is both sustainable and revenue-generating. 'Further advancing this momentum, the government announced the allocation of 2,000 megawatts of surplus electricity for Bitcoin mining and artificial intelligence (AI) data centers, leveraging Pakistan's untapped energy potential to power the future of digital finance and computation,' it said.
Associated Press
14-06-2025
- Business
- Associated Press
DNMiner Launches $100 Credit Initiative to Support Accessible, Sustainable Cloud Mining
LONDON, UNITED KINGDOM, June 14, 2025 / / -- DNMiner, a UK-based cloud mining platform regulated by the Financial Conduct Authority (FCA), has announced a new $100 credit initiative designed to lower the entry barrier to cryptocurrency mining. This move supports the growing global interest in digital currencies like Bitcoin while emphasizing sustainability and ease of use for novice and experienced users alike. Cloud mining allows individuals to participate in crypto mining without owning expensive equipment. DNMiner's model uses energy-efficient infrastructure and renewable power sources to offer accessible mining contracts with daily passive income potential. Users can register, receive a $100 credit instantly, and begin mining without an initial investment. Key features of the DNMiner platform include: - FCA-regulated environment ensuring security and compliance. - A $100 credit for new users to start mining with no upfront investment. - Flexible contracts with durations from 1 to 5 days, offering up to 4.8% daily return. - Sustainable operations powered by renewable energy. - 24/7 professional customer support. Example mining contracts: - 1-day plan: $350 contract yields $10.5 daily reward (3.0% return). - 3-day plan: $500 contract yields $16/day (3.2% return). - 4-day plan: $1,000 contract yields $35/day (3.5% return). - 5-day plan: $3,000 contract yields $114/day (3.8% return). - 2-day high-tier plan: $12,000 contract yields $576/day (4.8% return). In addition to offering financial benefits, DNMiner is focused on green mining practices. The platform's reliance on renewable energy aligns with global sustainability goals, reducing the environmental footprint traditionally associated with crypto mining. 'Our goal is to make digital currency mining accessible to everyone,' said a DNMiner spokesperson. 'The $100 credit program ensures that new users can explore mining safely and without financial risk.' DNMiner plans to integrate AI-based optimization tools and transparent data management features into its platform by 2025. These developments aim to improve mining efficiency and user experience. About DNMiner DNMiner is a London-based cloud mining provider offering secure, user-friendly services in the digital asset space. With a commitment to innovation and sustainability, DNMiner supports over 10 cryptocurrencies and maintains compliance through its FCA registration. Website: Address: 2nd Floor, Greenwood House, London Road, Bracknell, England, RG12 2AA DNMiner Team DNMiner [email protected] Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Associated Press
05-06-2025
- Business
- Associated Press
BAY Miner Launches Free Mobile Cloud Mining App for Bitcoin, Dogecoin, and Litecoin
Los Angeles, CA June 04, 2025 --( )-- BAY Miner, an established cloud mining provider, has released a new mobile application enabling users to mine Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC) for free – eliminating the need for physical mining equipment. The app, available on Android and iOS, simplifies cryptocurrency mining. Users can monitor real-time hash rates, track daily earnings, and manage mining contracts directly from their smartphones – no technical expertise or hardware investment required. 'Our goal is to democratize crypto mining like mobile banking,' stated a BAY Miner spokesperson. 'This solution removes traditional barriers: high setup costs and technical complexity.' Key Features: Free $15 Bonus + Daily Login Rewards: New users receive $15 instantly and earn $0.60 daily just for logging in. Remote Mining Access: Start earning crypto instantly via a simple dashboard – anytime, anywhere. Enterprise Security: Protected by McAfee® and Cloudflare® for device and connection security. Flexible Mining Contracts: Options range from low-cost trials to high-yield packages for all budgets. 24/7 Uptime & Global Support: High-availability infrastructure backed by multilingual customer teams. BTC Mining Packages: Examples of popular investment contracts: real income, transparent returns BTC [Free Computing Plan]：Investment Amount: $100. Total net profit: $100 + $8. LTC [Core Contract Plan]：Investment Amount: $600. Total net profit：$600 + $43. BTC [Core Contract Plan]：Investment Amount: $3,000. Total net profit：$3,000 + $780. DOGE[Core Contract Plan]：Investment Amount: $5,000. Total net profit：$5,000 + $2,320. BTC[Electricity Contract Plan]：Investment Amount: $10,000. Total net profit：$10,000 + $7,755. Get Started in 3 Steps: 1. Visit sign up via email 2. Select the preferred mining contract 3. Earn cryptocurrency automatically BAY Miner's mobile-first approach provides accessible entry for retail investors worldwide. About BAY Miner: Founded in 2017 and headquartered in London, BAY Miner is a regulated cloud mining platform serving over 10 million users across 180+ countries. The company prioritizes transparency, energy efficiency, and accessibility in cryptocurrency mining. Website: Contact: [email protected] App Download: Contact Information: BAY Miner +447435240917 Contact via Email Read the full story here: BAY Miner Launches Free Mobile Cloud Mining App for Bitcoin, Dogecoin, and Litecoin Press Release Distributed by
