Mining

[ad_1] The Indonesian government has been exploring Bitcoin as a reserve asset, according to Bitcoin Indonesia, which recently met with officials to discuss how the strategy could drive economic growth in the country. “We were invited to the Vice President’s office to present how Bitcoin could benefit the country,” Bitcoin Indonesia said in an X…

[ad_1] Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its capacity amid intensifying industry competition. Cango produced 650.5 Bitcoin (BTC) in July, a sharp increase from 450 BTC in June,…

[ad_1] Rassemblement National (RN), a French political party, is reportedly pushing to mine Bitcoin using surplus energy from nuclear power plants, signaling a shift from its leader’s previous anti-crypto stance.  French newspaper outlet Le Monde reported last week that RN leader and three-time presidential candidate Marine Le Pen now backs using idle nuclear energy for…

[ad_1] The Bitcoin (BTC) mining difficulty hit an all-time high of 127.6 trillion this week, but is projected to drop during the next difficulty adjustment on August 9. Mining difficulty is expected to fall by about 3% to 123.7 trillion in the next adjustment period, and the current average block time is about 10 minutes…

[ad_1] HIVE Digital co-founder Frank Holmes stated this week that several sanctioned nations are actively mining Bitcoin (BTC) in secret, turning to the crypto as an alternative revenue stream in the face of U.S. financial restrictions. Holmes made the claims during a recent interview with the Roundtable. He tied a recent drop in global mining…