1. American Bitcoin Plans IPO and Expands Collaboration with Bitmain
Eric Trump, son of former US President Donald Trump, has partnered with Hut 8 Mining to establish American Bitcoin, a mining firm aiming for a future public listing. The company is also seeking additional private funding and has entered a collaboration with Bitmain to enhance equipment deployment and operational capabilities.
2. Marathon Digital Reports Increased Bitcoin Production
Bitcoin miner Marathon Digital (MARA) released unaudited production updates for March 2025:
- Daily output rose 6% month-over-month.
- Total March production: 829 BTC.
- Bitcoin holdings now exceed 47,531 BTC.
3. Russia Proposes Year-Round Crypto Mining Ban in Irkutsk
Southern Irkutsk may enforce a total ban on crypto mining starting April 1, affecting individuals and businesses. Governor Igor Kobzev submitted a proposal to limit mining until March 2031, redirecting energy to socioeconomic projects.
4. Cango Sells Auto Finance Unit to Focus on Bitcoin Mining
Cango sold its Chinese auto finance division for $352 million to Antalpha-linked Ursalpha Digital, pivoting fully to Bitcoin mining. The company mined 530 BTC in March, raising holdings to 2,475 BTC.
5. Hut 8 Reports Steady Growth Amid Strategic Shifts
Hut 8’s March operations update:
- Production: 88 BTC.
- Holdings: 10,264 BTC.
- Hashrate: 9.3 EH/s.
CEO Asher Genoot confirmed spinning off most ASIC miners to subsidiary American Bitcoin.
6. US Tariffs Prompt Miner Rush for Equipment Imports
Facing potential 104% tariffs, US miners are accelerating imports from China, Malaysia, and Thailand. Some firms charter flights at $2M–$3.5M per trip to bypass costs. Q1 2025 saw $860M+ in miner imports.
7. Bitdeer Expands into Ethiopia with 50 MW Farm
Bitdeer acquired a licensed local firm for $7.5M**, planning a **50 MW** mining facility by Q4 2025. A **4-year power agreement** secures electricity at **$0.036/kWh. Chip capacity disclosures paused.
8. Pakistan Eyes Bitcoin Mining for Excess Power
Advisor Bilal Bin Saqib announced plans to allocate surplus energy to mining and AI data centers. Talks with miners are underway, with sites chosen based on power availability.
9. Arizona Passes Pro-Mining Rights Bill
HB 2342 protects miners from zoning bans, passed 17–12 in the Senate. Awaits governor’s approval.
10. US Proposes Emissions Fees for Crypto Mining
The Clean Cloud Act would penalize data centers exceeding federal emissions with $20/ton CO2 fees, rising annually. Targets 11% emission cuts.
11. Mining’s Shift to AI Infrastructure
Luxor’s Aaron Forster noted mining’s evolution into AI power providers, calling it a “gateway” for broader acceptance.
12. Tether Backs Decentralized Mining via OCEAN
Tether will deploy hash power to OCEAN, supporting decentralized mining through Tether Energy.
13. CleanSpark Secures $200M Credit Facility
Expanded Coinbase Prime credit supports non-dilutive growth. CEO Zach Bradford aims for 50 EH/s hashrate, holding 12,000 BTC (~$1B).
14. Bitdeer’s Tariff Strategy and Global Expansion
Bitdeer will move miners to the US during a 90-day tariff pause, focusing on self-mining. Expansions include Canada and Ethiopia.
15. Applied Digital Pivots to HPC After Revenue Miss
APLD’s revenue hit $52.9M (+22% YoY) but missed estimates. Plans to sell cloud services to focus on HPC/REIT models.
16. Bhutan Profits from Green Crypto Mining
Officials revealed millions in crypto earnings, funding government salaries. Hydro-powered “green coins” may target ESG-conscious buyers.
17. Bit Digital Buys NC Facility for AI Transition
Enovum Data Centers acquired a $53.2M industrial site, advancing Bit Digital’s AI/HPC shift.
18. Bitdeer Leverages $179M for ASIC Production
Funding includes $200M** from Matrixport and **$118.8M from stock sales to boost mining hardware output.
19. Riot Platforms Secures $100M Coinbase Loan
Funds will support strategic initiatives, backed by Riot’s BTC reserves at 7.75% interest.
20. Z Squared to Merge with Coeptis for DOGE Mining
The SPAC deal will create a public entity focused on DOGE/LTC mining, completing by Q3 2025.
21. US Commerce Dept. Backs Miner Energy Independence
Howard Lutnick announced plans to fast-track mining via private power infrastructure, possibly including BTC in economic accounts.
22. Russia Moves to Criminalize Illegal Mining
Rosfinmonitoring seeks to penalize mining used for money laundering, with draft laws underway.
FAQs
Q: How is the US supporting Bitcoin mining?
A: Policies like Arizona’s HB 2342 and federal energy projects aim to reduce grid reliance and incentivize infrastructure.
Q: Why is Pakistan exploring Bitcoin mining?
A: To utilize excess electricity and attract investment in energy-intensive sectors.
Q: What is Tether’s role in decentralized mining?
A: Tether directs hash power to OCEAN, promoting distributed, eco-friendly mining networks.
Q: How are tariffs affecting US miners?
A: Preemptive imports and charter flights mitigate 104% tariff risks, though equipment costs may rise 22–36%.
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