Man's £598M Bitcoin Quest: Plans to Buy Landfill Where Lost Fortune Lies
A British IT worker aims to purchase an entire landfill site in Wales where he believes his accidentally discarded hard drive containing 7,500 Bitcoins lies buried. After a decade of failed recovery attempts, James Howells sees a new opportunity as the site plans to close for conversion into a solar farm.
Bitdeer's Strategic $141.7M Alberta Power Plant Acquisition Aims to Revolutionize Bitcoin Mining
Bitdeer Technologies Group acquires a 101-megawatt site in Alberta for $21.7M, setting the stage to become the world's first fully vertically integrated Bitcoin mining operation. The ambitious project, featuring advanced SEALMINER A3 machines and carbon utilization systems, is expected to be operational by Q4 2026.
DeepSeek's AI Breakthrough Triggers Bitcoin Mining Stock Selloff
Chinese AI startup DeepSeek's revolutionary cost-efficient R1 model sparks market concerns about data center valuations and mining operations. The ability to run advanced AI at a fraction of traditional costs has led to sharp declines in crypto mining stocks and energy companies.
Mining Pools Face Payment Paradox: Bitcoin's Struggle to Pay Bitcoin Miners
Bitcoin mining pools are encountering unexpected challenges in paying miners with BTC, despite operating within the Bitcoin ecosystem. Pool operators are exploring alternative payment solutions as they grapple with block intervals, volatile fees, and fair compensation issues.
Russia Emerges as Global Mining Hub Following Bitcoin Legalization
Russia's cryptocurrency mining sector experiences explosive growth as equipment orders triple following nationwide legalization. The strategic regulatory framework positions Russia as the world's second-largest Bitcoin mining hub, commanding 16% of global capacity.
Ethiopia Emerges as Global Bitcoin Mining Powerhouse Through Clean Energy Innovation
Ethiopia has established itself as a major Bitcoin mining hub, generating $1 billion in mining profits by leveraging renewable hydroelectric power from its Grand Renaissance Dam. The state-backed operation now represents 2.25% of global mining capacity while providing a sustainable model for cryptocurrency production.
Lost Bitcoin Fortune: UK Court Denies Man's £600M Landfill Search Quest
A High Court judge has rejected James Howells' legal bid to search a Newport landfill for a hard drive containing £598M worth of Bitcoin accidentally discarded in 2013. The ruling ends a decade-long battle to recover the digital fortune, with the court finding no reasonable grounds for the claim.
Canaan Unveils Dual-Purpose Bitcoin Mining Heaters at CES 2025
Canaan introduces innovative Bitcoin mining devices that double as home heating systems at CES 2025. The Avalon Mini 3 and Nano 3S combine crypto mining capabilities with practical utility, offering an energy-efficient solution for home-based mining while addressing accessibility concerns.
Bitcoin Market Shows Signs of Cooling as Exchange Deposits Hit New Lows
Bitcoin exchange inflows and miner outflows have significantly decreased from their November 2024 peaks, suggesting reduced selling pressure in early 2025. Combined with recovering ETF inflows of $900M, analysts remain optimistic with projected trading ranges of $95,000-$110,000.
Bitcoin Mining Giant Foundry Returns $777,000 in Mistakenly Paid Transaction Fees
Foundry USA Pool, the leading Bitcoin mining operator, has returned 8.18 BTC to a user who accidentally paid a transaction fee 91,127 times higher than required. The incident highlights growing industry standards for fee reimbursement, with Foundry maintaining its dominant 38% market share despite recent organizational changes.