BIT Mining says that its Ethiopia operations create a positive feedback loop with its business in Ohio.

Cango purchased 50 EH/s worth of mining power towards the end of 2024, making it one of the biggest players in the bitcoin mining industry.

The firm is redoubling efforts to supply miners as that industry struggles with profits — and Donald Trump promises help.

The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.

The intensive energy usage of the Bitcoin network could tempt governments to ban mining due to environmental concerns. A new research paper indicates that could be a mistake, depending on the jurisdiction.