Mining

American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., is preparing for an all-stock merger with Gryphon Digital Mining and plans to go public on Nasdaq in 2025. This move highlights the Trump family's growing involvement in the cryptocurrency sector.

American Bitcoin, backed by Eric and Donald Trump Jr., is merging with Gryphon Digital Mining to list on Nasdaq. This move underlines a shift toward cryptocurrency equity vehicles amid a pro-crypto environment fostered by President Trump.

Bitdeer is making significant strides in the cryptocurrency mining industry with a massive $240 million investment in Taiwan Semiconductor Manufacturing Company (TSMC) aimed at producing SEAL02 chips. This move is expected to bolster their mining performance to a staggering 40 EH/s. The rollout of the SEALMINER A2 is set for 2025, marking a pivotal development in Bitdeer's strategy to optimize mining efficiency.

Al-Wafrah, Kuwait, has seen a dramatic crackdown on unregulated cryptocurrency mining operations, leading to a 55% drop in electricity consumption over the past week. This action comes as the nation faces a power crisis aggravated by high summer temperatures and increased energy demand.

Authorities in Al-Wafrah, Kuwait, have conducted a major crackdown on unregulated cryptocurrency mining, leading to a notable 55% decrease in electricity usage in just one week. Despite the illegality of crypto trading, mining's unchecked rise has raised alarms amidst a national energy crisis fueled by rising temperatures and increasing demand.

Authorities in Al-Wafrah, Kuwait, have taken decisive action against unregulated cryptocurrency mining, leading to a significant cut in electricity usage. With a 55% reduction in a week, this move highlights the ongoing power crisis in the region, fueled by rising temperatures and increased energy demand.