TheMinerMag

TheMinerMag

Research and analysis from TheMinerMag

Greenidge’s Dresden Plant Hit by Electrical Fire, Forcing Shutdown of Bitcoin Mine

Nov 28, 2025

Greenidge’s Dresden Plant Hit by Electrical Fire, Forcing Shutdown of Bitcoin Mine

Greenidge Generation's power facility and bitcoin mine in Dresden, New York, has been taken fully offline after an electrical switchgear malfunction caused a fire.

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CleanSpark Unwinds Coinbase Credit Line as Bitcoin Hashprice Hits All-Time Low

Nov 26, 2025

CleanSpark Unwinds Coinbase Credit Line as Bitcoin Hashprice Hits All-Time Low

CleanSpark has repaid its bitcoin-backed line of credit with Coinbase in full, reflecting a more cautious liquidity stance amid bitcoin's all-time low hashprices.

Bitcoin Mining Q3 Look-Back and 2026 Outlook

Nov 24, 2025

Bitcoin Mining Q3 Look-Back and 2026 Outlook

A deteriorating hashprice, rising financing costs, and slow-to-materialize HPC revenue define a pivotal quarter for public Bitcoin miners.

Bitcoin Hashprice Falls to Record Low as Network Hashrate Shows Early Signs of Pullback

Nov 22, 2025

Bitcoin Hashprice Falls to Record Low as Network Hashrate Shows Early Signs of Pullback

Bitcoin’s hashprice has fallen to a new all-time low below $35 PH/s, hit by the combination of bitcoin’s price drop and high network difficulty.

Miner Weekly: Public Miners Go Quiet as Bitcoin Hashprice Cools, Arms Race Stalls

Nov 20, 2025

Miner Weekly: Public Miners Go Quiet as Bitcoin Hashprice Cools, Arms Race Stalls

As Bitcoin hashprice cools, the once-standard monthly production updates are disappearing across the public-miner cohort.

Cipher to Raise $333 Million More for Barber Lake Build-Out Amid Fluidstack HPC Expansion

Nov 20, 2025

Cipher to Raise $333 Million More for Barber Lake Build-Out Amid Fluidstack HPC Expansion

Cipher Mining plans to raise an additional $333 million in senior secured notes and has signed a new 10-year HPC colocation agreement with Fluidstack.

Bitmain Opens Bidding on S19k Pros at $5.5/TH as Market Slump Pressures Bitcoin Miner Sales

Nov 18, 2025

Bitmain Opens Bidding on S19k Pros at $5.5/TH as Market Slump Pressures Bitcoin Miner Sales

Bitmain has opened a public bidding process for Antminer S19k Pro machines, offering a starting price of $5.5/TH/s as the company seeks to move inventory in a difficult bitcoin mining hardware market.

Pentwater Discloses $400M Core Scientific Position Following Failed CoreWeave Deal

Nov 18, 2025

Pentwater Discloses $400M Core Scientific Position Following Failed CoreWeave Deal

Event-driven investment firm Pentwater Capital has taken an 8.5% stake in Core Scientific, adding another large hedge fund holder to the bitcoin miner and data center operator’s shareholder base. Pentwater reported owning 26 million, or 8.5% of Core Scientific shares, according to a new Schedule 13G filing on Friday. Core Scientific’s share prices have corrected […]

Hut 8 Sells 310 MW Ontario Power Plants to Prioritize Bitcoin, HPC Infrastructure

Nov 17, 2025

Hut 8 Sells 310 MW Ontario Power Plants to Prioritize Bitcoin, HPC Infrastructure

Hut 8 has agreed to sell a portfolio of four natural-gas power plants totaling 310 megawatts in Ontario, marking the latest step in the company’s effort to prioritize bitcoin and HPC infrastructure.

Bitcoin Hashprice Sinks to 14-Month Low Below $40/PH/s as BTC Falls to $95K

Nov 17, 2025

Bitcoin Hashprice Sinks to 14-Month Low Below $40/PH/s as BTC Falls to $95K

Bitcoin’s mining economics tightened further over the past week as hashprice fell to its lowest level in more than a year, pressured by a sharp decline in bitcoin’s price and a still-elevated network hashrate.