TheMinerMag

TheMinerMag

Research and analysis from TheMinerMag

Bitcoin Miner NFN8 Files Chapter 11 After Fire, Lease Strain as Hashprice Hits Record Low

Feb 9, 2026

Bitcoin Miner NFN8 Files Chapter 11 After Fire, Lease Strain as Hashprice Hits Record Low

Bitcoin mining operator NFN8 has filed for bankruptcy protection in Texas following a fire at its primary facility and mounting financial strain tied to lease obligations and litigation.

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Cango Sells 4,451 BTC, Cuts Bitcoin Reserves by 60% to Repay Loan

Feb 9, 2026

Cango Sells 4,451 BTC, Cuts Bitcoin Reserves by 60% to Repay Loan

Bitcoin mining giant Cango sold 4,451 BTC over the weekend, reducing its digital asset holdings by 60% as it moved to repay debt amid renewed market volatility. In a statement released Monday, Cango said the bitcoin was sold on the open market and settled directly in USDT, generating net proceeds of about $305 million at […]

Bitcoin Mining Difficulty Set for Biggest Drop Since 2021 China Ban

Feb 7, 2026

Bitcoin Mining Difficulty Set for Biggest Drop Since 2021 China Ban

Bitcoin’s mining difficulty is set to decline by about 11.4% in about two hours, which would mark the largest downward change since the aftermath of China’s sweeping ban in 2021.

NextEra Raises $1.3B in Debt as AI Data Center Power Demand Accelerates

Feb 7, 2026

NextEra Raises $1.3B in Debt as AI Data Center Power Demand Accelerates

NextEra Energy has raised $1.3 billion in new debt this week, adding to the utility giant’s capital stack as it steps up investment to meet surging power demand from AI and HPC data centers. According to an 8-K filed Friday, the $186 billion energy firm sold $700 million of 4.40% debentures due March 1, 2031, […]

Bitfarms Deleverages, Unveils Keel Rebrand as Bitcoin Mining Margins Sink Below $30/PH/s

Feb 6, 2026

Bitfarms Deleverages, Unveils Keel Rebrand as Bitcoin Mining Margins Sink Below $30/PH/s

Bitfarms plans to fully repay its $300 million debt facility with Macquarie Group and move forward with a corporate rebrand as part of a broader pivot away from bitcoin toward HPC and AI infrastructure.

Miner Weekly: ERCOT Hits Reset on Texas’ AI and Mining Power Queue

Feb 5, 2026

Miner Weekly: ERCOT Hits Reset on Texas’ AI and Mining Power Queue

If it wasn’t already obvious, ERCOT’s message this week was pretty blunt: the way Texas has been approving massive new power users no longer works – thanks to the AI boom.

Bitcoin Hashprice Hits Record Low as BTC Falls Below $70,000

Feb 5, 2026

Bitcoin Hashprice Hits Record Low as BTC Falls Below $70,000

Bitcoin’s hashprice fell below $32/PH/s on Thursday, setting a new all-time low as the cryptocurrency’s price slid under $70,000 for the first time since November 2024.

Cango Breaks Bitcoin HODL Stance, Sells 550 BTC Amid Mining Pressure

Feb 4, 2026

Cango Breaks Bitcoin HODL Stance, Sells 550 BTC Amid Mining Pressure

Cango changed course on its bitcoin holding strategy in January, selling more BTC than it produced during the month as mining economics tightened across the sector.

Cipher Seeks $2B in New Secured Notes to Fund AI Data Center Build in Texas

Feb 3, 2026

Cipher Seeks $2B in New Secured Notes to Fund AI Data Center Build in Texas

Cipher Mining plans to raise $2 billion through a new offering of senior notes, adding to a growing wave of debt issuance by bitcoin miners seeking capital for AI computing infrastructure.

Terawulf Adds 1.5 GW to AI Power Portfolio With Kentucky, Maryland Site Acquisitions

Feb 3, 2026

Terawulf Adds 1.5 GW to AI Power Portfolio With Kentucky, Maryland Site Acquisitions

Terawulf has agreed to acquire two brownfield energy and infrastructure sites, adding 1.5 gigawatts of potential capacity as the bitcoin miner deepens its expansion into AI data center colocation.