The post Grid Alerts Threaten Crypto: How 100-Degree Temps Impacted Bitcoin Mining appeared on BitcoinEthereumNews.com.
Key Takeaways On June 30, the Energy Department issued emergency orders to the PJM grid to prevent blackouts. High power prices forced Bitcoin miners to curtail operations, cutting global hashrate. Investors are tracking PJM grid data and hashrate trends ahead of a mid-July heat wave from July 14–19. High Prices Trigger Miner Curtailments A record-setting heat dome that recently blanketed the eastern United States and forced the U.S. Department of Energy to issue emergency orders put the heat on bitcoin miners operating within or drawing power from the regions affected by the directive. The department’s directive authorized the PJM Interconnection to deploy additional generation units and tap backup power resources as needed. The grid operator, which serves approximately 67 million people across 13 states and Washington, D.C., recently issued hot-weather alerts as tri
The post Novogratz Pushes Galaxy Past Bitcoin Mining Into $1B AI Power Business appeared on BitcoinEthereumNews.com.
Key Takeaways Galaxy delivered 133 MW to Coreweave at Helios on July 6, 2026, formalizing a $1B revenue path. Coreweave has committed to 526 MW across Helios Phases I-III under a 15-year lease. Galaxy targets 3.6 GW of capacity at Helios, with Phase II data halls arriving in 2027. The site sits in Dickens County, about 60 miles from Lubbock. It started as a bitcoin mining facility built by Argo Blockchain in 2021. Galaxy bought it in late 2022 for roughly $65 million after Argo ran into financial trouble during the crypto winter. Bitcoin mining margins tightened after the April 2024 halving. Power costs rose, difficulty climbed, and artificial intelligence (AI) companies started paying more for the same electricity miners had relied on. Galaxy read the shift and moved. Coreweave signed on as anchor tenant in March 2025 under a 15-year lease. The company exercised two mor
Galaxy Digital finished the first phase of its Helios data center campus in West Texas on July 6, 2026, delivering 133 megawatts of critical IT load to Coreweave. The site sits in Dickens County, about 60 miles from Lubbock. It started as a bitcoin mining facility built by Argo Blockchain in 2021. Galaxy bought it […]
Triple-digit temperatures and soaring wholesale electricity prices reportedly squeezed U.S. bitcoin mining operations. High Prices Trigger Miner Curtailments A record-setting heat dome that recently blanketed the eastern United States and forced the U.S. Department of Energy to issue emergency orders put the heat on bitcoin miners operating within or drawing power from the regions affected […]
TeraWulf's strategic pivot to AI infrastructure signals a transformative shift in the Bitcoin mining industry, emphasizing long-term growth.
The post TeraWulf signs 20-year lease with Anthropic, expects $19B in contracted revenue appeared first on Crypto Briefing.
BM Blockchain is promoting cloud mining as a simpler alternative to traditional Bitcoin mining by removing hardware and maintenance requirements. Bitcoin mining has long been viewed as a technical and capital-intensive activity. For many individuals, the biggest barriers are clear:…
HashKey launches a BTC-denominated fund backed by BITMAIN computing infrastructure. Fund offers institutional investors exposure to Bitcoin mining-based yield generation. BITMAIN provides computing power while HashKey independently manages the fund. HashKey Capital has introduced what it describes as the industry’s first Bitcoin Hashrate Fund, supported by BITMAIN’s computing power technology services. The BTC-denominated investment product […]
The post HashKey Introduces First Bitcoin Hashrate Fund Backed by BITMAIN Computing appeared first on Live Bitcoin News.
The shift to natural gas as the top US energy source by 2030 could stabilize electricity prices, impacting industries like Bitcoin mining.
The post Natural gas set to surpass oil as top US energy source by 2030 appeared first on Crypto Briefing.
Braiins' Forge Miner could democratize Bitcoin mining, empowering hobbyists and small-scale miners to participate more easily and affordably.
The post Braiins showcases stackable Forge Miner achieving 4.8 TH/s appeared first on Crypto Briefing.
