After the swivel by Helium Inc. towards simply running distributed WiFi hotspots after for years pushing LoRaWAN nodes, much of the associated hardware became effectively obsolete. This led to quite a few of these Nebra LoRa Miners getting sold off, with the [Buy it Fix it] channel being one of those who sought to give these chunks of IP-67-rated computing hardware a new life.
Originally designed to be part of the Helium Network Token (HNT) cryptocurrency mining operation, with users getting rewarded by having these devices operating, they contain fairly off-the-shelf hardware. As can be glanced from e.g. the Sparkfun product page, it’s basically a Raspberry Pi Compute Module 3+ on a breakout board with a RAK 2287 LoRa module. The idea in the video was to convert it into a Meshcore repeater, which ought to be fairly straightforward, one might think.
Unfortunately the unit came with a dead eMMC chip on the compute module, the LoRa module wasn’t compatible with Meshcore, and the Nebra breakout board only covers the first 24 pins of the standard RPi header on its pin header.
The solutions involved using a µSD card for the firmware instead of the eMMC, and doing some creative routing on the bottom of the breakout board to connect the unconnected pins on the breakout’s RPi header to the pins on the compute module’s connector. This way a compatible LoRa module could be placed on this header.
Rather than buying an off-the-shelf LoRa module for the RPi and waiting for delivery, a custom module was assembled from an eByte E22 LoRa module and some stripboard to test whether the contraption would work at all. Fortunately a test of the system as a Meshcore repeater showed that it works as intended, serving as a pretty decent proof-of-concept of how to repurpose those systems from a defunct crypto mining scheme into a typical LoRa repeater, whether Meshcore or equivalent.
Ethiopia has announced it is looking for a global partner to build a state-backed Bitcoin mining operation, moving from a model of hosting private miners toward something run with government involvement.
The call for partners was made at the Finance Forward Ethiopia 2026 event and signals a clearer role for the state in the country’s crypto plans.
Reports say Ethiopian Investment Holdings, the country’s sovereign fund, will lead the search and help set up the project with outside capital and technical know-how.
This shift aims to turn cheap, surplus hydropower into a steady source of foreign income instead of leaving it unused.
The move is simple on paper. Use local power. Create jobs. Bring in money. But the reality is quite complex. Ethiopia has already seen miners move in, drawn by low rates and access to hydroelectric plants.
Some deals have been quietly signed. The government hopes that a formal partner will bring better oversight and clearer returns to the state rather than the piecemeal contracts that came earlier.
Large miners have started running rigs in Ethiopia, and one company from the UAE brought a 30MW facility online late last year, tapping into hydropower near Addis Ababa. That project is one example of how outside firms are already scaling operations in the country.
For Ethiopia, this is a revenue play. Reports show the state power utility earned tens of millions of dollars by selling electricity to miners in a recent period, money that would otherwise not have been realized. Those receipts helped make the argument that mining can be folded into national plans for growth.
Some observers worry about tradeoffs. Mining uses lots of equipment and steady power. That can crowd out industrial customers if not managed well. It can also tie a portion of the grid to a business whose income swings with Bitcoin prices.
Still, the government says it wants a partner to reduce these risks and to share expertise so the country benefits more directly.
What Comes NextFinding the right partner will take time. Reports list interest from firms across the Middle East and Asia, and the government will need to balance foreign deals with local priorities.
The plan also sits inside the wider Digital Ethiopia 2030 effort, which links technology projects to economic goals.
Featured image from Unsplash, chart from TradingView
On-chain data shows the Bitcoin Hashrate has continued to decline, with its 7-day average value hitting lows not seen since early September.
The Bitcoin “Hashrate” refers to a measure of the total amount of computing power that the miners as a whole have connected to the network. It’s denoted in units of hashes per second (H/s) or, more practically, in exahashes per second (EH/s). This indicator can be useful for gauging the sentiment shared by the miners. Growth in the network Hashrate can signal that this cohort is either responding to a period of profitability or expanding in anticipation of future price action. On the other hand, a decline can signal a weakening of sentiment.
As the chart below from Blockchain.com shows, the 7-day average value of the Bitcoin Hashrate has been following the latter kind of trajectory in recent months.
The Hashrate set a new all-time high (ATH) in mid-October, but miners moved to decommissioning power as the cryptocurrency’s price went through its bearish shift in that month. Recently, BTC has shown some recovery, but that doesn’t appear to have changed opinion among the miners, as the metric’s value has only continued to go down.
Currently, the 7-day average Bitcoin Hashrate is sitting at 978.8 EH/s, which is the lowest level since the first half of September. The recent low levels are on a path to affect another BTC-network-related metric: the Difficulty. The Difficulty is a feature built into the blockchain that controls how hard it is for miners to mine blocks. This metric automatically changes its value about every two weeks based on how fast miners have been performing their duty since the last adjustment.
Satoshi coded in a simple rule for the network to follow: block time should converge to 10 minutes. If miners take an average time faster than this to find a block, the chain raises its Difficulty in the next adjustment. Similarly, a decrease instead happens if the validators are slower at their job.
As miners have reduced their computing power over the last few months, their pace has been going down, and the network has been adjusting the Difficulty lower.
With the Hashrate decline only continuing recently, the network is once again moving toward another relaxation in Difficulty, as data from CoinWarz suggests.
The average Bitcoin block time has stood at 10.43 minutes since the last adjustment, which is notably slower than the standard rate. As a result, the network is estimated to reduce the Difficulty by 4.15%.
With the adjustment still being a few days away, however, this figure could change depending on whether miners expand or decommission in the coming days.
At the time of writing, Bitcoin is floating around $93,000, up 2.5% in the last seven days.
Bitcoin Magazine
Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD
Riot Platforms (NASDAQ: RIOT) has completed the purchase of 200 acres at its Rockdale, Texas, site and signed a long-term data center lease with Advanced Micro Devices, Inc. (AMD), marking the first major hyperscale tenant at the location.
The fee simple acquisition replaces Riot’s prior ground lease at Rockdale and was funded entirely through the sale of approximately 1,080 bitcoin from the company’s balance sheet, totaling $96 million.
The mining company said the purchase secures long-term operational control of the site and opens it for large-scale data center development.
The property includes a 700 MW grid interconnection, dedicated water supply, and fiber connectivity.
Shares of Riot’s stock jumped roughly 13% following the announcement and are currently trading at $18.70 a share.
Under the new lease, the company will deliver 25 megawatts (MW) of critical IT load to AMD in two phases, starting in January 2026 and completing by May 2026.
The initial term runs 10 years and carries an expected contract value of $311 million, with three five-year extensions potentially bringing total revenue to $1 billion.
AMD also holds an option to expand by 75 MW and a right of first refusal for an additional 100 MW, which would bring its total footprint at Rockdale to 200 MW. Riot estimates retrofit capital expenditures for the initial deployment at $89.8 million, or $3.6 million per MW, and expects the lease to contribute roughly $25 million in net operating income per year.
Riot now owns more than 1,100 acres and 1.7 gigawatts of fully approved power capacity across its two Texas sites, Rockdale and Corsicana, roughly 100 miles apart.
The company positions its portfolio within the “Texas Triangle,” covering Austin, Dallas, Houston, and San Antonio, a major U.S. data center hub.
Chief Executive Jason Les said the AMD agreement validates Riot’s infrastructure and development capabilities, and marks a turning point in its strategy to repurpose bitcoin mining assets for high-performance computing and AI workloads. The company said began evaluating its sites for AI and HPC applications less than a year ago.
The company joins other publicly traded bitcoin miners shifting toward data center leasing amid rising mining costs and network difficulty.
The company said it plans to continue converting power at Rockdale and Corsicana for non-mining tenants, pursuing further development and leasing opportunities.
This post Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Many Americans remain unaware of a troubling reality that is deeply consequential to our daily lives. Buried within the obscure corners of the periodic table are elements that are essential to our modern economy and national security. These elements, known as critical minerals, are indispensable.
They’re found in everything: health and beauty products, semiconductors in our smartphones, and in the fiber optics that enable internet connectivity. Yet, disconcertingly, we are exceedingly reliant on foreign suppliers for these minerals; this dependency puts America on its back foot.
Consider gallium, used in LEDs and solar panels. Despite possessing considerable gallium resources, the U.S. has no current domestic gallium production and is 100% reliant on imports (most of which come from China). In fact, the U.S. is entirely dependent on foreign sources for at least 12 of the 54 critical minerals identified as essential by the U.S. Geological Survey. For another 29, we are over 50% reliant on non-domestic sources. Our industries — from advanced manufacturing to defense — remain susceptible to supply chain disruptions because of this, as USGS’ latest draft assessment lays out.
This was not always the case. From the 1950s to the 1980s, the United States led the world in the production and refining of rare earth elements (REEs), a subset of critical minerals. However, increased global interconnectedness, high domestic production costs, and environmental challenges contributed to a decline in domestic production. As the United States shifted focus, the People’s Republic of China aggressively invested in its REE mining technology and infrastructure, transforming itself into the world’s dominant player by the mid-1990s. Today, it’s clear that America’s lost dominance in the critical minerals sector is a path it can no longer afford.
China has recently ramped up export controls on minerals like gallium, germanium, antimony and several others. This action underscores a precarious position for the United States and its allies. In December 2024, China banned the export of these minerals to the U.S., Japan, and the Netherlands and subsequently expanded controls to include tungsten, indium, bismuth, tellurium and molybdenum. This move has severely impacted the availability of minerals for which the U.S. is significantly import-reliant.
It is within this context that the administration has made critical minerals security a key component of its energy strategy. Yet, despite these efforts, progress has remained slow because of overlapping initiatives. Intentional coordination among more than 15 federal agencies involved in mineral security could speed up opportunities.
Cohesion, coordination and a comprehensive approach could help to overcome this. A U.S. Critical Minerals Action Plan could focus on fostering a domestic renaissance in mining and processing, strengthening international cooperation, and mitigating risks while fostering a more transparent market.
First, domestic mining and processing capabilities would need to be enhanced. This could mean accelerating permitting processes, streamlining regulations, and investing in exploration and workforce development. It’s not just about digging up minerals; it’s about revitalizing the entire industry value chain, from education to innovation, to support sustainable and efficient production.
Second, international cooperation could be paramount. The U.S. may expand its role in existing multilateral arrangements and invest strategically in the critical mineral projects of allied nations. This could help diversify supply chains and reduce dependency on any single source — specifically, reducing reliance on China.
Third, the U.S. can mitigate risks by creating a well-functioning critical minerals market. This includes implementing targeted incentives to stabilize the market and encourage investment.
The considerations laid out in the U.S. Critical Minerals Action Plan are not a luxury; they are a necessity. Such a plan could serve as a blueprint for reducing American vulnerabilities, securing supply chains, and maintaining national security and economic stability. By taking concerted action now, leaders across the country can ensure that America’s future remains bright, innovative and secure.
Richard Longstaff is a managing director for Deloitte Consulting LLP.
The post The mineral deficiency in America’s economic health first appeared on Federal News Network.
© Richard Pipes/The Albuquerque Journal via AP
Bitcoin Magazine
Turkmenistan Legalizes Crypto Mining and Exchanges Under Tight State Control
Turkmenistan just legalized crypto mining and exchanges this year, marking a sharp policy shift for one of the world’s most closed economies and fulfilling legislation that was accepted in November, 2025.
President Serdar Berdimuhamedov signed the Law on Virtual Assets, bringing digital assets under civil law for the first time. The legislation creates a licensing regime for miners, exchanges, and custodial services overseen by the Central Bank of Turkmenistan.
Cryptocurrencies will not yet be recognized as legal tender, currency, or securities. They cannot be used to pay for goods or services. The law defines virtual assets strictly as “property or investment instruments.”
The move stands out in a country known for tight state control. Turkmenistan maintains strict internet censorship and limited access to foreign platforms. Entry rules for foreigners have long been among the world’s toughest.
The government says the law is meant to support economic development and attract foreign capital. Turkmenistan’s economy depends heavily on natural gas exports. China is its main buyer.
Authorities are also advancing a pipeline project linking Turkmenistan to Afghanistan, Pakistan, and India.
Under the new framework, both individuals and companies may mine cryptocurrencies. All miners must register with the central bank and meet technical standards. Covert mining practices, including cryptojacking, are banned.
Crypto exchanges and custodians are also permitted to operate with a license. Domestic and foreign entities may own these services, except firms linked to offshore jurisdictions.
Exchanges must enforce know-your-customer and anti–money laundering rules. Anonymous wallets and transactions are prohibited.
The law divides virtual assets into secured and unsecured categories. Secured assets are backed by underlying property. Unsecured assets include bitcoin and similar tokens. None carry payment status under Turkmen law.
Supervision will extend beyond the central bank. The Cabinet of Ministers and the Ministry of Finance and Economy will monitor compliance. Regulators retain the power to suspend or revoke licenses for violations.
The legislation passed parliament in November and came into force on January 1, 2026. It follows earlier steps toward limited digital opening. Turkmenistan introduced an electronic visa system last year to ease entry for foreigners.
Central Asia has emerged as a testing ground for crypto policy. Kazakhstan became a major bitcoin mining hub after China’s 2021 crackdown. Kazakhstan said they are preparing to establish a national cryptocurrency reserve fund worth between $500 million and $1 billion
Pakistan launched a national virtual assets authority in 2025.
Turkmenistan remains one of the least visited countries in the world. Its media environment is tightly managed. Internet access is limited.
This post Turkmenistan Legalizes Crypto Mining and Exchanges Under Tight State Control first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
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Unregistered Bitcoin Mining in Russia May Soon Come With Up to Two Years of Forced Labor
Russia is preparing to escalate its crackdown on unregistered cryptocurrency mining, proposing criminal penalties that include forced labor and prison sentences, little more than a year after formally legalizing the industry.
The Ministry of Justice on Monday published draft amendments to the Criminal Code that would reclassify many forms of illegal crypto mining from an administrative offense into a criminal one.
The proposal comes amid widespread noncompliance with the regulatory framework that took effect in 2024, following President Vladimir Putin’s signing of mining legislation last summer.
Although mining was legalized to bring the fast-growing sector out of the shadows, authorities say most operators continue to avoid registration and taxation. Deputy Finance Minister Ivan Chebeskov said in June that only about 30% of miners had registered with the Federal Tax Service, leaving the majority operating in what officials describe as a “gray zone.”
Under the draft law, individuals who mine cryptocurrency without proper registration could face fines ranging from 500,000 to 1.5 million rubles, or up to two years of forced labor. Courts would also be allowed to impose up to 480 hours of compulsory labor in less severe cases.
Harsher penalties are reserved for large-scale or organized operations. Mining that generates “significant” or “especially large” income, or that involves coordinated groups, could result in fines of up to 2.5 million rubles, forced labor for up to five years, or prison sentences of similar length.
Equipment confiscation and additional financial penalties would remain possible.
Russia’s current framework distinguishes between small-scale and commercial miners. Individuals consuming less than 6,000 kilowatt-hours of electricity per month are classified as private persons and may mine without entering the special register, though they must pay personal income tax on mined cryptocurrency.
Larger commercial miners and infrastructure operators are required to register in Russia, submit monthly production reports, and comply with regional restrictions.
Authorities say enforcement has proven difficult. Illegal mining operations, often linked to electricity theft or activity in restricted regions, have continued to strain local power grids.
Regions in Russia have reported outages tied to unregistered mining, prompting temporary bans during periods of peak winter demand. Officials estimate that illegal operations consume billions of kilowatt-hours annually.
Previous measures, including fines of up to 2 million rubles and equipment seizures, have failed to curb the activity. Law enforcement actions have included arrests of utility employees accused of facilitating illegal mining and the shutdown of large-scale farms.
The draft amendments were published on Dec. 30 and are open for public consultation.
This post Unregistered Bitcoin Mining in Russia May Soon Come With Up to Two Years of Forced Labor first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine
Riot Platforms Opens $500M Stock Offering as Bitcoin Production Falls
Riot Platforms opened a new $500 million at-the-market equity offering this week as the bitcoin miner reported lower November production and continued to sell a large portion of its monthly output to fund operations and expansion.
In a filing with the U.S. Securities and Exchange Commission yesterday, Riot said it entered into a definitive sales agreement allowing it to issue and sell up to $500 million of common stock at prevailing market prices through the Nasdaq Capital Market.
The facility replaces a prior at-the-market program established in August 2024, which Riot terminated effective Tuesday.
Under the new agreement, Riot retains discretion over the timing and volume of any share sales. The company said proceeds will be used to fund capital expenditures, potential strategic acquisitions, investments in existing and future data centers and bitcoin mining projects, as well as general corporate purposes.
The company also noted that stock buybacks could be funded with the proceeds, alongside working capital needs.
Riot sold roughly $600.5 million worth of stock under the 2024 agreement before terminating it, leaving about $149.5 million of unused capacity. The new program resets the company’s fundraising flexibility as it continues to scale infrastructure in Texas. Shares were down nearly 1% in trading Wednesday.
The capital raise comes alongside a mixed monthly operating update. The company said it produced 428 bitcoins in November, a 14% decline from the same month a year earlier.
The company attributed the year-on-year drop to higher network difficulty and planned curtailments tied to power strategy. Total bitcoin holdings stood at 19,368 at the end of November, up 70% from a year earlier, but only four bitcoins higher than in October.
Riot sold 383 bitcoins during the month, generating $37 million in net proceeds. That compares with October, when the company sold 400 bitcoins for $46 million. The average realized sale price fell sharply to $96,560 in November from $114,970 a month earlier, reflecting the pullback in bitcoin prices during late autumn trading.
At the time of writing, bitcoin was trading around $88,000, up just over 1% on the day, with retail sentiment also leaning bearish.
Riot stock remains up 24% year-to-date and 21% over the past 12 months, despite recent volatility.
Institutional analysts continue to see longer-term upside tied to Riot’s infrastructure footprint. J.P. Morgan recently forecast 45% upside for the shares through 2026, citing expectations that the company could secure a 600-megawatt colocation deal at its Corsicana site by the end of next year.
The company currently owns roughly 1.7 gigawatts of power capacity across two large-scale Texas facilities, which analysts describe as rare tier-one assets in the bitcoin mining sector.
This post Riot Platforms Opens $500M Stock Offering as Bitcoin Production Falls first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine
Interhash Acquires Controlling Stake in Neopool
Interhash has acquired a controlling stake in Neopool, a Bitcoin mining pool. The deal was closed during the Bitcoin MENA 2025 conference.
Neopool, launched earlier this year, has entered the top 15 global mining pools and ranks first worldwide in Daily PPS efficiency, according to miningpoolstats.stream.
Alexander Lozben, CEO of Interhash, said the company sees strong potential in Neopool and views mining pools as an undervalued part of the Bitcoin ecosystem, in a note shared with Bitcoin Magazine.
Interhash develops solutions for crypto mining and high-performance computing, focusing on sustainable infrastructure.
Neopool CEO Andrei Kapeikin said the investment provides a strategic partner to support scaling and improve mining efficiency for operations ranging from private farms to industrial-scale facilities.
Neopool has a top-15 global ranking and the highest Daily PPS efficiency, built by a team with over 100 years of combined mining and IT experience.
Earlier this month, Neopool reported record payouts of 169 BTC (around $15 million) to its miners in November 2025, reflecting rapid growth since its launch earlier this year. Ranked by miningpoolstats.stream as the most efficient pool globally, Neopool credits its performance to proprietary optimization technology, low-latency global routing, and transparent FPPS payouts with daily settlements.
CEO Andrei Kapeikin said that technical excellence and transparency, rather than just hash rate volume, drive miner value.
This post Interhash Acquires Controlling Stake in Neopool first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
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Bitcoin Miner Hut 8 Secures Google-Backed Deal to Build Up to 2.3 GW of AI Capacity
Hut 8 Corp. announced a sweeping AI infrastructure partnership on Wednesday with AI model developer Anthropic and compute provider Fluidstack, marking a pretty clear signal that the bitcoin miner is pivoting to a large-scale energy and data center developer.
Under the agreement, Hut 8 will develop between 245 megawatts (MW) and up to 2,295 MW of AI-focused data center capacity in the United States, beginning with a flagship project at its River Bend campus in Louisiana.
The partnership is structured across multiple tranches, creating a pathway to scale from an initial deployment to gigawatt-level infrastructure over time.
The first phase centers on a 245 MW IT deployment at River Bend, supported by roughly 330 MW of utility power. Hut 8 will develop the site, while Fluidstack will operate high-performance compute clusters for Anthropic. Construction of the initial data halls is expected to be completed by early 2027.
Beyond the initial phase, Fluidstack has secured a right of first offer for up to an additional 1,000 MW of IT capacity at River Bend, contingent on further power expansion.
A third tranche gives Hut 8 and Anthropic the option to jointly diligence and develop up to 1,050 MW of additional capacity across Hut 8’s broader development pipeline.
Financially, the River Bend project is anchored by a 15-year triple-net lease with Fluidstack valued at approximately $7 billion over the base term, with total contract value rising to roughly $17.7 billion if all renewal options are exercised.
Alphabet-owned Google is providing a financial backstop covering lease payments and certain operating obligations over the base term, underscoring the strategic importance of securing long-term AI compute capacity, per Reuters reporting.
JUST IN: #Bitcoin mining company Hut 8 just announced it partnered with Google for financial backing on a 15-year lease.
— Bitcoin Magazine (@BitcoinMagazine) December 17, 2025
Bullish
Hut 8 shares surged more than 20% in premarket trading following the announcement, extending a rally that has seen the stock rise roughly 80% year-to-date.
Investors appear to be rewarding the company’s pivot toward AI infrastructure at a time when access to power, cooling, and suitable real estate has become a bottleneck for leading model developers.
“Scaling frontier AI infrastructure is, at its core, a power challenge,” Hut 8 CEO Asher Genoot said in a statement, emphasizing the company’s “power-first” development strategy.
He added that the partnership aligns power sourcing, data center design, and compute deployment into a single integrated platform capable of operating at gigawatt scale.
For Anthropic, the deal expands an existing relationship with Fluidstack and provides a new channel for bringing capacity online as demand for advanced models continues to grow.
“Hut 8’s ability to source and deliver infrastructure at scale provides the runway necessary to continue advancing the capabilities of our models,” said James Bradbury, Anthropic’s head of compute.
The agreement also reflects a broader industry shift. Former crypto miners such as Hut 8, CoreWeave, or Bitfarms are increasingly repurposing their energy-heavy infrastructure for AI workloads as demand for Nvidia-powered compute accelerates.
While execution risk remains — particularly around power delivery timelines and construction— Hut 8’s latest deal positions it among a small but growing group of firms bridging the worlds of energy, AI, and large-scale digital infrastructure.
Hut 8 recently reduced some of its bitcoin holdings by 389 BTC during the last month, standing out among a small group of miners and corporates trimming exposure.
While some firms added modest amounts and ETF flows turned positive, the data points to a split market in which Hut 8 and a few others acted as sellers amid pressure, contrasting with disciplined treasury buyers and programmatic accumulation elsewhere.
At the time of writing, Hut 8 shares are up 17%. Earlier in pre-market trading, shares were up over 25% at times. The price per share is currently $43.75.
This post Bitcoin Miner Hut 8 Secures Google-Backed Deal to Build Up to 2.3 GW of AI Capacity first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine
Celebrating One Year of Hashrate Redirect™: How Abundant Mines Redefined Uptime and Protected Millions in Client Bitcoin Rewards
Hood River County, Oregon – December 16th, 2025 – This month last year, Abundant Mines quietly began to launch a feature that would go on to change how the bitcoin mining industry defines performance. Today, the company is celebrating the one-year anniversary of Hashrate Redirect, a pioneering system that ensures clients continue earning bitcoin even when their machines are offline.
For too long, mining providers have misled customers with uptime metrics that measure whether a facility has power, not whether a machine is actually hashing. A rig could be powered off, broken, or awaiting repairs and still count toward a provider’s claimed “98% uptime.” The result is lost bitcoin, lost revenue, and lost trust.
Abundant Mines set out to correct this.
“When we introduced Hashrate Redirect a year ago, we didn’t make a big announcement. We simply built the solution we wished had existed when we were clients,” said Beau Turner, Co-Founder and CEO of Abundant Mines. “Twelve months later, the results speak for themselves: our clients continue earning even when their machines are offline, and the industry standard for uptime is shifting toward truth and transparency.”
A Year of Real Results: Uptime That Actually Means Performance
Instead of measuring uptime by whether a building has power or not, Abundant Mines measures rig uptime – the percentage of time an individual machine is hashing and producing bitcoin. When a rig goes offline for repairs, RMA, or maintenance, Hashrate Redirect replaces the lost hashrate with hash from Abundant Mines’ operational fleet.
The loss of hash is tracked immediately, and the redirection happens within days, not at the end of the month or year. The result is a continuous bitcoin revenue stream for clients, even during downtime.
Over the past year, Hashrate Redirect has:
“Hashrate Redirect is simple but powerful,” said Turner. “We give you hash, not cash. Because you’re not mining for credits or refunds, you’re here to earn bitcoin and help secure the network.”
Why Timing Matters: Capturing Bitcoin’s Full Value
Bitcoin’s value is time-sensitive. Block rewards are issued every 10 minutes, and once they’re gone, they’re gone forever. If a rig is offline during a price surge or halving cycle, the lost opportunity can compound into significant missed revenue.
By replacing hashrate continuously, not with delayed end- of -year credit, or even end-of-month credit, Abundant Mines ensures that clients capture the full earning potential of every block, especially during high-value market windows.
“With bitcoin’s price climbing and the network becoming more competitive, uptime precision isn’t just a technical detail. It is the difference between winning and falling behind,” said Turner. “Hashrate Redirect makes sure our clients stay ahead.”
Why Weekly Hashrate Matters More Than One-Time Credits
Most mining providers only offer compensation for downtime once or twice a year, often in the form of a one-time hashrate allocation or bill credit. On paper, this may seem like a fair solution. In reality, it is too little and far too late.
Bitcoin rewards are not static. They are distributed every 10 minutes, and their value changes constantly based on market price and network difficulty. If your machine is offline for weeks or months, those missed rewards cannot be recreated later – even if a provider offers you a lump sum or short burst of extra hashrate at the end of the year.
Abundant Mines takes a different approach. With Hashrate Redirect, we replace any downtime with hashrate from our personal fleet. This means you continue earning bitcoin on a rolling basis, staying aligned with market conditions and capturing opportunities in real time.
This approach matters because:
“Timing is everything in bitcoin mining,” said Turner. “By replacing hashrate weekly instead of issuing delayed payouts, we ensure our clients never miss the most valuable moments to earn.”
Setting a Higher Standard
One year after launch, Hashrate Redirect has become more than a feature. It is a new benchmark for performance and a reflection of Abundant Mines’ commitment to transparency, accuracy, and client protection.
“Mining should mean performance, not just power,” Turner said. “Hashrate Redirect has proven that principle for a full year, and we are only getting started.”
About Abundant Mines
Abundant Mines is a premium bitcoin mining and energy infrastructure company based in Oregon. Committed to transparency, reliability, and impact, Abundant Mines designs, builds, and operates advanced mining facilities that align energy abundance with digital value creation. Its mission is to make bitcoin mining more accessible, more dependable, and more profitable for individuals and institutions worldwide.
This post Celebrating One Year of Hashrate Redirect™: How Abundant Mines Redefined Uptime and Protected Millions in Client Bitcoin Rewards first appeared on Bitcoin Magazine and is written by Bitcoin Magazine.
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American Bitcoin ($ABTC) Enters Top 20 Public Bitcoin Treasury Companies, Holds 5,098 BTC
American Bitcoin Corp. (Nasdaq: ABTC) has entered the top 20 publicly traded bitcoin treasury companies by holdings after growing its strategic reserve to approximately 5,098 BTC as of December 14, according to company disclosures.
The Miami-based firm said its bitcoin was accumulated through a combination of in-house mining and strategic market purchases. The total includes bitcoin held in custody as well as BTC pledged as collateral for miner purchases under a supply agreement with hardware manufacturer Bitmain, per the company release.
Based on rankings from BitcoinTreasuries.net, the milestone places American Bitcoin among the largest public bitcoin holders globally, just over three months after its Nasdaq listing.
As part of its treasury reporting, the company also highlighted growth in its proprietary Satoshis Per Share (SPS) metric, which measures the amount of bitcoin attributable to each outstanding common share. As of December 8, SPS stood at 507 satoshis per share, representing a more than 17% increase in just over one month.
American Bitcoin is also introducing a new disclosure metric, Bitcoin Yield, which tracks the percentage change in SPS over a defined period. The company said the combined metrics are intended to give investors clearer insight into both per-share bitcoin exposure and how that exposure evolves over time.
“I am incredibly proud of our tremendous growth,” said Eric Trump, co-founder and chief strategy officer of American Bitcoin. “In just over three months since our Nasdaq listing, we have surged past dozens of companies — propelling us into the top 20 publicly traded bitcoin treasury companies.”
Earlier this month, American Bitcoin reported adding roughly 416 BTC in a single week, lifting holdings from approximately 4,783 BTC as of December 8.
The company said its accumulation strategy prioritizes long-term bitcoin exposure over short-term price movements, supported by an operating model designed to maximize BTC retention.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) December 16, 2025
Nothing stops this train
In early December, the American Bitcoin stock (ABTC) plunged more than 50% shortly after markets opened, triggering multiple trading halts and erasing months of speculative gains.
The stock fell to an intraday low of $1.75 before recovering slightly, though it remained down over 35% at the time of writing.
The sell-off followed a broader downturn in crypto markets, with bitcoin sliding into the mid-$85,000 range. Nearly $1 billion in leveraged crypto positions were liquidated the day before, worsening already fragile market conditions.
Now, with Bitcoin trading above $87,000, $ABTC shares trade down at $1.61 per share.
This post American Bitcoin ($ABTC) Enters Top 20 Public Bitcoin Treasury Companies, Holds 5,098 BTC first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine
Is Bitcoin Miner Capitulation A Golden Opportunity?
Bitcoin miner hash rate has experienced a significant decline since mid-October, falling sharply despite years of near-uninterrupted growth. This pullback reflects genuine bitcoin miner capitulation driven by deteriorating profitability in the face of Bitcoin’s recent price weakness. However, could this bitcoin miner shift actually provide a golden opportunity?
The Bitcoin network’s total computational hash rate has entered a notable downtrend since October 18th, reversing what has otherwise been a consistent multi-year climb. The hash ribbons indicator, which compares the 30-day moving average of hash rate against the 60-day moving average, has turned red, indicating miner capitulation. When the longer-term moving average crosses above the shorter-term one, it signals that miners are withdrawing computational power from the network, typically because profit margins have become too thin to justify continued operations at previous levels.
The Puell Multiple, which measures daily USD earnings for miners relative to their 365 day moving average, recently collapsed to approximately 0.67. This means miners are earning only two-thirds of their yearly average revenue. The metric reveals a concerning trend, as Bitcoin has matured and the network has grown, mining economics have become increasingly compressed.
A deeper issue lies in the composition of miner revenue. Bitcoin miners derive income from two sources: block subsidies and transaction fees. The current block subsidy stands at 3.125 BTC per block, representing the lion’s share of miner revenue. However, transaction fees, which could theoretically offset declining subsidies over time, have entered a long-term downtrend throughout this cycle. When measured in USD terms, miner fee revenue is now practically negligible compared to the block subsidy.
This creates an uncomfortable math problem. The block subsidy decreases by 50% every four years at the halving. For miner revenue to remain constant, Bitcoin’s price must reliably double every four years. This requirement becomes increasingly unrealistic as Bitcoin matures and approaches tens or hundreds of trillions in market capitalization. Within 20-30 years, the halvings would require Bitcoin prices of tens of millions of dollars per unit merely to maintain current revenue levels for miners.
When block subsidies eventually decline toward zero over the coming decades, transaction fees must theoretically fill that gap. Yet the current cycle demonstrates that fee revenue is moving in the opposite direction and declining as users migrate to more efficient layer-two solutions like the Lightning Network and as on-chain transaction volume stagnates.
Layer-two scaling solutions are good for Bitcoin’s utility and lower users’ costs. Similarly, fewer on-chain transactions reducing congestion and fees is positive for accessibility. But these developments and improvements that make Bitcoin more practical as a payments layer simultaneously reduce the revenue available to secure the base layer long-term.
Bitcoin miners are undoubtedly capitulating, driven by declining price action and deteriorating profit margins. For tactical traders and accumulation-minded investors, this represents a favorable window to scale into positions, particularly once the hash ribbons reversal signal emerges. History suggests such periods rarely persist without eventually producing sharp Bitcoin rallies.
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Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
This post Is Bitcoin Miner Capitulation A Golden Opportunity? first appeared on Bitcoin Magazine and is written by Matt Crosby.
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MicroBT Launches WhatsMiner M70 in Abu Dhabi, Pushing for Sustainable Bitcoin Mining
MicroBT, a leading developer of Bitcoin mining hardware, launched its latest WhatsMiner M70 series in at Bitcoin MENA in Abu Dhabi on Monday, according to a note shared with Bitcoin Magazine.
The event, themed “Green-Driven, Ecosystem Redefined,” brought together mining executives, strategic partners, and key clients, marking a significant step in the company’s efforts to shape a more sustainable mining industry.
Dr. Yang Zuoxing, Founder and CEO of MicroBT, opened the event with a keynote that highlighted the connection between technological leadership and long-term industry growth.
He framed the conversation around energy innovation, presenting strategies that aim to integrate renewable sources into mining operations.
Central to his remarks was an off-grid solar solution capable of 200kW output. This system, using an 800V DC supply and a “load-following-source” design, improves efficiency compared to traditional AC setups and enables uninterrupted operation.
Dr. Yang also noted the potential of hybrid energy approaches, combining gas-powered generation with careful miner selection to extend hardware lifespan and operational reliability.
The unveiling of the WhatsMiner M70 series drew the most attention. The new line features models with power efficiencies of 14.5J/T, 13.5J/T, and 12.5J/T. These figures reflect a push to balance performance with energy use.
Following the technical presentation, MicroBT’s Sales and Marketing Director, Wright Wang, addressed the company’s ecosystem strategy. He outlined a vision that extends beyond hardware, focusing on shared-value partnerships and joint mining.
Wang highlighted the network of certified solution partners who provide expertise in cooling, energy management, and operations.
By linking these partners to clients, MicroBT positions itself not just as a supplier but as a facilitator of a connected, collaborative mining ecosystem.
The launch included presentations from a range of partners, including HeatCore, HashHouse, FogHashing, Giga, HashSmith, Pauway Energy, Lumen Capital, BitMars, and Luxor.
Their contributions spanned topics from advanced cooling techniques to financial models for hashrate management. The breadth of participation underscored the interdependence of the modern mining industry and highlighted the role of collaboration in driving innovation.
Tether’s VP of Energy and Mining, Giv Zanganeh, also addressed the audience on the topic of redefining the Bitcoin mining ecosystem. His presence reflected growing confidence in MicroBT’s approach and signaled an emerging alignment between hardware innovation, energy management, and financial infrastructure.
MicroBT’s WhatsMiner M70 launch illustrates a shift in the industry. As miners face increasing pressure to manage energy use and operational risks, the company is betting on a model that combines technical innovation with strategic partnerships.
The launch in Abu Dhabi positions MicroBT as a company seeking to influence both the technology and the practices of Bitcoin mining, framing sustainability and ecosystem growth as inseparable goals.
This post MicroBT Launches WhatsMiner M70 in Abu Dhabi, Pushing for Sustainable Bitcoin Mining first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
The value of Bitcoin has had its ups and downs since its inception in 2013, but its recent skyrocket in value has created renewed interest in this virtual currency. The rapid growth of this alternative currency has dominated headlines and ignited a cryptocurrency boom that has consumers everywhere wondering how to get a slice of the Bitcoin pie. For those who want to join the craze without trading traditional currencies like U.S. dollars (i.e., fiat currency), a process called Bitcoin mining is an entry point. However, Bitcoin mining poses a number of security risks that you need to know.
Mining for Bitcoin is like mining for gold—you put in the work and you get your reward. But instead of back-breaking labor, you earn the currency with your time and computer processing power. Miners, as they are called, essentially maintain and secure Bitcoin’s decentralized accounting system. Bitcoin transactions are recorded in a digital ledger called a blockchain. Bitcoin miners update the ledger by downloading a special piece of software that allows them to verify and collect new transactions. Then, they must solve a mathematical puzzle to secure access to add a block of transactions to the chain. In return, they earn Bitcoins, as well as a transaction fee.
As the digital currency has matured, Bitcoin mining has become more challenging. In the beginning, a Bitcoin user could mine on their home computer and earn a good amount of the digital currency, but these days the math problems have become so complicated that it requires a lot of expensive computing power. This is where the risks come in. Since miners need an increasing amount of computer power to earn Bitcoin, some have started compromising public Wi-Fi networks so they can access users’ devices.
One example of this security breach happened at a coffee shop in Buenos Aires, which was infected with malware that caused a 10-second delay when logging in to the cafe’s Wi-Fi network. The malware authors used this time delay to access the users’ laptops for mining. In addition to public Wi-Fi networks, millions of websites are being compromised to access users’ devices for mining. When an attacker loads mining software onto devices without the owner’s permission, it’s called a cryptocurrency mining encounter or cryptojacking.
It’s estimated that 50 out of every 100,000 devices have encountered a cryptocurrency miner. Cryptojacking is a widespread problem and can slow down your device; though, that’s not the worst that can happen. Utility costs are also likely to go through the roof. A device that is cryptojacked could have 100 percent of its resources used for mining, causing the device to overheat, essentially destroying it.
Now that you know a little about mining and the Bitcoin security risks associated with it, here are some tips to keep your devices safe as you monitor the cryptocurrency market:
The post Bitcoin Security: Mining Threats You Need to Know appeared first on McAfee Blog.
More of a curiosity than a full-blown article, but I was mining a cryptocurrency for a while this week on an average computer. I mean, a long time ago, when Bitcoin was worth so much as nothing, I mined Bitcoins too. This week I just happened to have a computer with a good CPU,
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