mining

According to Cointelegraph, Pakistan's cryptocurrency regulator has stated that the country is incorporating Bitcoin into its economic infrastructure and utilizing its 20 GW energy surplus to engage in Bitcoin mining and artificial intelligence-related businesses, while predicting that emerging markets will lead the next wave of cryptocurrency adoption.Previously, the Pakistani Minister of State proposed making Bitcoin a national reserve.

According to CloverPool data, the Bitcoin mining difficulty underwent a difficulty adjustment today at 11:47 at block height 927,360, decreasing by 0.74% to 148.2 T.

According to the official announcement, the decentralized contract trading platform SunX will launch the second phase of the "Trading Mining" event from December 10, 20:00 to December 25, 20:00 (UTC+8), with a total prize pool of up to 1.35 million USD. Users who sign up for the event and participate in BTC/USDT, ETH/USDT, and SUN/USDT perpetual contract trading will receive additional SUN token rewards on top of a full refund of all transaction fees. Among them, Maker users enjoy a 110% fee refund, while Taker users enjoy a 107% fee refund, with a maximum reward of 500 USD per user per hour, which will be distributed in SUN tokens.During the event, mining rewards will be calculated and updated hourly, and users can claim their $SUN mining rewards two hours after the end of the period. All transaction fee income generated by registered users participating in the designated trading pairs will be used to repurchase SUN tokens on the Huobi HTX platform, and will be fully burned at the end of each quarter to support the stable growth of its value.

According to Lookonchain monitoring, Bitcoin mining company MARA deposited 275 BTC, worth 25.31 million dollars, to FalconX 2 hours ago.

The listed mining company American Bitcoin Corp. (NASDAQ: ABTC) announced that it has increased its holdings by an additional 416 bitcoins since its latest disclosure. As of December 8, 2025, the company has accumulated approximately 4,783 bitcoins through self-mining and strategic purchases, some of which are held by custodians as part of mining equipment procurement agreements or as collateral for pledges.The company also updated its transparency metric Satoshis Per Share (SPS), which measures the number of bitcoins corresponding to each share of outstanding stock, providing investors with a visual representation of its indirect bitcoin holdings. The company stated that it will continue to advance its long-term growth strategy, consolidate its industry position, and continuously expand its reserve size.

Tajikistan has introduced criminal penalties for the illegal use of electricity to mine virtual assets and cryptocurrencies through amendments to the Criminal Code.According to the new regulations, offenders will face fines ranging from 15,000 to 75,000 somoni, or imprisonment for 2 to 8 years. Previously, cryptocurrencies were neither legal nor illegal in Tajikistan, existing in a regulatory gray area.

The Bitcoin mining infrastructure company Luxor announced the expansion of its hardware business from ASICs to GPUs and AI server fields, further extending its procurement, logistics, and financing capabilities to the high-growth artificial intelligence and high-performance computing (HPC) markets.Luxor stated that the core bottleneck currently faced by the industry is the actual shortage of deployable computing power, while mining companies have unique advantages in transitioning to AI data centers, including power contracts, sites, and advanced cooling systems. Since its establishment, Luxor has procured over $750 million in ASICs for Bitcoin miners, and this experience will now be extended to GPU and server procurement, providing end-to-end solutions that include new, refurbished, and used equipment.Its channels cover major manufacturers such as Dell, HPE, Lenovo, and PNY, and are supported by U.S. warehousing, international logistics, equipment installation, and hosting construction capabilities. Luxor pointed out that the global Bitcoin mining network currently has data center capacity close to 20GW, with an additional 10GW of potential expansion space, of which 35%-40% is located in the United States.As mining companies gradually shift some capacity towards AI and HPC hosting, Luxor will also adjust its service structure accordingly. As the only mining pool with comprehensive financing and hedging capabilities, Luxor can assist miners in obtaining GPU procurement funds through computing power and can provide structured financing such as sale-leaseback through partners. Additionally, its Tenki cloud computing marketplace can help operators immediately monetize computing resources once the hardware is online.Luxor stated that the company has built a full-process infrastructure network covering tax-advantaged warehousing in Montana and Delaware, OEM installation, warranty management, export control compliance, and old equipment disposal, aiming to meet the multi-billion dollar capital investment needs of customers in the AI and HPC era.

Bitcoin mining company IREN (IREN) has completed a refinancing transaction, which includes the issuance of $2.3 billion in convertible preferred notes and the repurchase of $544.3 million in existing convertible bonds.The newly issued bonds include: $1 billion in notes with a coupon rate of 0.25%, maturing in 2032; $1 billion in notes with a coupon rate of 1%, maturing in 2033; and $300 million in overallotment fully exercised to meet additional demand. Additionally, IREN executed a capped call transaction to hedge against potential equity dilution from the bond conversion, providing protection at an initial price of $82.24 per share. The announcement stated that, aside from standard terms related to significant changes, the notes do not contain any investor put rights.

According to official media reports, JustLend DAO has officially launched the USDD 2.0 twelfth phase supply mining activity. This phase will start on December 6, 2025, at 20:00 Singapore time, and will last until January 3, 2026. Participants can enjoy tiered annualized returns of up to 10% by depositing $USDD, with rewards distributed weekly. Join the staking mining now to earn profits together.

On December 4, the Paraguayan Chamber of Deputies passed two resolutions requiring government departments to submit official information on domestic cryptocurrency mining activities to enhance regulation and transparency.The Ministry of Industry and Commerce is required to clarify the current number of individuals and businesses registered and authorized to engage in virtual asset mining and provide relevant information. The National Electricity Administration is also required to disclose the number of electricity connections specifically approved for cryptocurrency mining, as well as information on responsible parties and installation locations. Both agencies must respond within 15 days.

LM Funding America, a Bitcoin fund management and mining company listed on Nasdaq, disclosed that its mining output for November was 6.9 BTC, with no sales transactions during the month. As of the end of November, its Bitcoin holdings increased to 301.8 BTC. The company also revealed that its 2-megawatt immersion mining expansion project is progressing as planned and is expected to be launched in December to further increase Bitcoin mining capacity.

The Nasdaq-listed company Riot Platforms announced its unaudited production and operational update report for 2025, which disclosed that the company mined 428 BTC, with an average daily production of 14.3 BTC. Additionally, the company sold 383 BTC during the month, bringing its total Bitcoin holdings to 19,368 BTC as of now.

According to Bitcoin mining company Cango, the company mined 130.7 BTC this week, bringing its total Bitcoin holdings to 7033.1 BTC.

JPMorgan analysts believe that for the recent price trends of Bitcoin, the resilience of Strategy (stock code MSTR) is more important than miner activity. Although the world's largest Bitcoin holder has not yet begun to sell, Bitcoin miners seem to be facing increasing selling pressure.JPMorgan Managing Director Nikolaos Panigirtzoglou and his team noted in a report on Wednesday that the recent pressure on Bitcoin prices is mainly due to two factors: first, the recent decline in Bitcoin network hash rate and mining difficulty; second, the latest developments surrounding Strategy. Analysts stated that the decline in hash rate and mining difficulty reflects the influence of two forces: China's reaffirmation of its ban on Bitcoin mining following a surge in private mining activities, and the low Bitcoin prices combined with high energy costs squeezing profits, leading to the exit of high-cost miners outside of China.Analysts pointed out that while a decline in hash rate typically increases miner revenue, "Bitcoin prices are currently still hovering below their production costs," which brings selling pressure to the Bitcoin market. JPMorgan analysts have currently revised their estimate of Bitcoin's production cost down to $90,000, from $94,000 last month. According to analysts, this update is based on an electricity price assumption of $0.05 per kilowatt-hour, and for high-cost producers, every increase of $0.01 per kilowatt-hour will raise their production costs by $18,000.JPMorgan's report stated: "Against the backdrop of high electricity prices and low Bitcoin prices squeezing profits, some high-cost miners have been forced to sell Bitcoin in recent weeks."

According to Decrypt, Thai authorities seized $8.6 million worth of Bitcoin mining equipment from seven suspected locations providing financial support to transnational scam gangs operating in Myanmar.On Tuesday, the Thai Special Investigations Office conducted raids at six locations in Long Sai District and one location in Uthai Thani Province, confiscating 3,642 mining devices valued at $7.7 million, along with power equipment worth $860,000. Thai investigators found that most of the mining equipment was installed in soundproof containers equipped with water cooling systems. These locations are linked to a scam gang based in Myanmar, with financial transactions totaling over $143 million.

According to Globenewswire, Nasdaq-listed company Riot Platforms announced its unaudited production and operational update report for November 2025, which disclosed that the company mined 428 BTC, with an average daily production of 14.3 BTC. Additionally, the company sold 383 BTC during the month, bringing its total Bitcoin holdings to 19,368 BTC as of now.

LM Funding America, a Bitcoin fund management and mining company listed on NASDAQ, disclosed that its mining output for November was 6.9 BTC, with no sales transactions during the month. As of November 30, its Bitcoin holdings increased to 301.8 BTC. The company also revealed that its 2-megawatt immersion mining expansion project is proceeding as planned and is expected to go live in December to further increase Bitcoin mining capacity.

The Malaysian authorities have established a joint task force to utilize high-tech drones and ground police to shut down nearly 14,000 illegal Bitcoin mining machines. The state-owned electricity company Tenaga Nasional (TNB) reported that these illegal miners have stolen $1.1 billion worth of electricity from the national grid since 2020.Authorities are using drones to search for heat signatures, while ground police use sensors to detect illegal electricity usage. Deputy Minister of Energy Transition and Water Services Akmal Nasrullah Mohd Nasir stated that allowing such activities not only involves theft but also poses a challenge to the national grid system.