Soluna, Bitdeer expand Texas Project Kati 1 mining deal to 35 MW Bitdeer will add about 7 MW of mining equipment at Soluna’s Project Kati 1 in South Texas, lifting its total planned deployment at the wind-powered site to 35 MW and roughly 2.42 EH/s. Soluna said the added capacity should be deployed by November and fully subscribes the K1BC phase of the project.
Kazakhstan approves flared gas power for crypto mining President Kassym-Jomart Tokayev signed a July decree allowing oil producers to use otherwise flared gas for off-grid electricity generation for digital mining, if the resources are not needed for state purposes. The order also proposes a tax exemption for regulated crypto income and infrastructure for stablecoin-based cross-border settlements, as Astana pitches itself as a hub for global capital and expertise.
Keel becomes first listed Bitcoin miner to stop hashing entirely Keel, formerly Bitfarms, shut its last mining sites on June 29 and is set to report zero mining revenue in Q3, making it the first listed Bitcoin miner to fully exit hashing, CoinShares said. The move comes as miners pivot scarce power to AI and HPC deals: Core Scientific reportedly paid $41.9 million to cancel chip orders, while Hyperscale Data turned off its Michigan mine for an AI colocation contract worth more than $1.2 billion over 10 years.
Police uncover 300-GPU crypto mine in Puebla mountains Mexican police found a hidden cryptocurrency mining site with 300 GPU rigs in the Sierra Norte region of Puebla after residents reported constant mechanical noise and unusual power demand. Officials said the farm was illegally connected to the Nuevo Necaxa hydroelectric grid and equipped with a custom transformer and eight Starlink-class satellite antennas; authorities believe organized crime financed it. It is the fourth clandestine mining operation discovered in the area since 2025.
Mexico seizes 300 crypto mining machines tied to power theft in Puebla Federal prosecutors, the Navy and Puebla state police seized 300 GPU-based crypto mining machines from a remote property in Tlaola that authorities said was illegally drawing electricity from a federal hydroelectric complex. Officials also confiscated transformers, medium-voltage terminals and satellite internet equipment, and are now tracing who funded the hardware and whether the mined coins were used to launder criminal proceeds.
Mexico dismantles 300-machine crypto mining site in Puebla over alleged power theft Mexican authorities raided a crypto mining facility in Tlaola, Puebla, seizing about 300 GPU-based machines, transformers, medium-voltage terminals and satellite internet equipment after finding an unauthorized power connection near the Nuevo Necaxa hydroelectric complex. The case has triggered a wider probe across nearby municipalities, with the Federal Electricity Commission, Attorney General’s Office and Navy investigating possible organized electricity theft and money laundering.
Sweden orders six crypto mining firms to pay $56.5M in back taxes The Swedish Tax Agency has hit six cryptocurrency mining companies in Boden with about $56.5 million in back taxes and penalties, saying they used corporate structures to hide active mining and improperly claim tax breaks meant for standard data centers. Several firms have appealed, but lower courts have upheld the agency’s assessments; Bikupan Datacenter has entered restructuring and is seeking Supreme Administrative Court review.
Hyperscale Data shuts Michigan Bitcoin mine to convert site for AI customer Hyperscale Data ended all Bitcoin mining at its Michigan facility on Sept. 1 and sold down most of its BTC treasury to fund the site’s conversion into an AI data center. Its holdings fell about 79% from roughly 1,006 BTC in late July to 215 BTC at the end of August, while the company said a 20 MW AI computing contract at the site could generate more than $1.2 billion over 20 years if extension options are exercised.
Bitdeer to deploy 1.93 EH/s at Soluna’s Texas wind-powered data center Bitdeer Technologies Group signed a 28 MW co-mining deal with Soluna Holdings to install about 1.93 EH/s of company-owned miners at Soluna’s Kati 1 wind-powered site in Willacy County, Texas, starting in September 2026. Under the shared-mining model, Soluna will provide the site, power and daily operations, while Bitdeer supplies Sealminer A2 Pro Air machines and the two companies split bitcoin mining proceeds.
Tether drops $120M Uruguay Bitcoin mining project after power dispute Tether abandoned a roughly $120 million Bitcoin mining investment in Uruguay after a dispute with state utility UTE over electricity supply escalated into unpaid bills, a July 25, 2025 power cutoff and layoffs, Reuters reported. The stablecoin issuer had put about $60 million into each of two sites; by November 2025 it told labor authorities it would cease operations, eliminating 30 of 38 local jobs.
Poolin files Chapter 11 in New Jersey with up to $500M in liabilities Bitcoin mining pool operator Poolin Technology and two affiliates filed for Chapter 11 bankruptcy protection in New Jersey, with Poolin listing $1 million to $10 million in assets against $100 million to $500 million in liabilities and 10,001 to 25,000 creditors. The debtors said the case is meant to run an orderly sale of substantially all assets; qualified bids are due Sept. 8, an auction is set for Sept. 10 if needed, and a sale hearing is scheduled for Sept. 18.
Keel shuts all US bitcoin mines and sells 1,085 BTC for AI pivot Keel Infrastructure, formerly Bitfarms, said in its Q2 results it has decommissioned all US bitcoin mining sites and sold 1,085 BTC for $75 million between April 1 and Aug. 7 as it repurposes the properties for AI and high-performance computing data centers. The sale cut its bitcoin holdings to 1,861 BTC worth about $121 million as of Aug. 7, while KEEL shares fell more than 11% on Monday.
Keel shuts down all US bitcoin mining to pivot to AI data centers Keel Infrastructure has decommissioned all of its U.S. bitcoin mining operations and sold 1,085 BTC for $75 million between April 1 and Aug. 7 as it prepares the sites for AI and high-performance computing data centers. The company, which became Bitfarms’ parent in April and rebranded, said it still holds 1,861 BTC; shares fell more than 11% intraday, while revenue dropped 50% year over year to $30 million.
Bitdeer’s Q2 Bitcoin output jumped nearly 5x as revenue rose 47% Bitdeer mined 2,694 Bitcoin in the second quarter, up from 565 a year earlier, while revenue rose 47% to $228.8 million, driven by $168.4 million in self-mining revenue and a 389% jump in self-mining hash rate to 69.5 EH/s. Net loss widened to $92.3 million from $62.9 million, and its Bitcoin holdings fell to 150 after the company sold all 943 BTC it held in February to secure liquidity.
American Bitcoin mines record 932 BTC in Q2 as reserve reaches about 8,300 BTC American Bitcoin reported a record 932 BTC mined in Q2 2026, with mining revenue rising 8% quarter over quarter to $67 million and its Bitcoin reserve reaching roughly 8,300 BTC as of August 3, Eric Trump said on X. The company still posted a $57.2 million net loss, improved from $81.8 million in Q1, after a $71.2 million non-cash loss on digital assets while Bitcoin fell about 12% in the quarter.
American Bitcoin tops 8,000 BTC after record Q2 mining run Hut 8 subsidiary American Bitcoin increased its treasury 14% in Q2 to about 8,002 BTC from 7,021 BTC after mining a record 932 Bitcoin, its highest quarterly production since launch. Mining revenue rose to $67 million from $62.1 million in Q1, the cost to mine each Bitcoin stayed near $36,500, and the net loss narrowed to $57.2 million from $81.8 million even as Bitcoin’s average price fell about 12% quarter over quarter.
Russia bans crypto mining in Moscow area and parts of Kursk until 2032 Russia will prohibit crypto mining and mining-pool participation in Moscow, the entire Moscow Region and nine territories in Kursk Region from Aug. 15 under Government Resolution No. 936, signed by Prime Minister Mikhail Mishustin. The measure runs through Dec. 31, 2032 and expands existing regional restrictions, with officials citing grid capacity risks; Moscow energy authorities estimate mining already uses about 1 gigawatt in the capital’s power system.
Russia extends crypto mining ban to Moscow region through 2032 Russia will ban cryptocurrency mining in Moscow, the Moscow Region and parts of Kursk Region from Aug. 15 until the end of 2032, citing pressure from energy-hungry mining facilities on the power grid. The move targets one of the world’s biggest Bitcoin mining hubs: Hashrate Index estimates Russia accounted for about 17.2% of global hash rate in Q3 2026, second only to the US.
Fortitude to buy 9,000 Bitmain Z15 Pro miners for $31.5M Fortitude has agreed to buy 9,000 Bitmain Antminer Z15 Pro units for about $31.5 million, with deliveries set for October and November, in a deal the company says will lift its Zcash mining capacity by 145% to about 12.8 GSol/s. The new miners will be deployed across more than 60 MW of contracted power at seven sites, a scale that based on current network hashrate would put Fortitude above half of Zcash’s computing power.
Uzbekistan creates special crypto mining zone in Karakalpakstan Uzbekistan has designated Karakalpakstan as the Beshkala Mining Valley, a regulated crypto mining zone for licensed operators under a presidential resolution that took effect on April 20. Only legal entities registered in the region can get resident status, while mining income is exempt from taxes and mandatory payments until Jan. 1, 2035, apart from a 1% monthly fee to the zone directorate. Residents can use grid, renewable and hydrogen power, but profits from crypto sales must be transferred to Uzbek bank accounts.
Poolin files Chapter 11 with $163.7M owed to 11,700 wallet users Poolin Technology PTE. Ltd. and its US affiliates filed for Chapter 11 on July 22 in New Jersey, opening an orderly wind-down centered on a proposed $52 million stalking-horse sale of its Pyote and Tarbush mining sites in West Texas. The company lists $173.1 million in prepetition liabilities, including $163.7 million in unsecured IOUs owed to roughly 11,700 Poolin Wallet users after withdrawals were frozen in 2022.
Poolin files Chapter 11 to sell Texas mining assets Poolin, once the world’s largest bitcoin mining pool, filed for Chapter 11 on July 22 with two U.S. affiliates to sell its West Texas mining sites and wind down operations. Court filings show about $173.1 million in prepetition obligations, including roughly $163.7 million in unsecured IOUs tied to Poolin Wallet customers after 2022 withdrawal freezes, while Thor CALAP LLC set a $52 million stalking-horse bid for the Pyote and Tarbush assets.
Kazakhstan links mining power access to state crypto reserve contributions Kazakhstan approved new rules on July 18 that give “strategic” crypto miners regulated electricity access only if they contribute part of their mined digital assets to a state-backed reserve managed by a National Bank investment company. The rules take effect August 1 and limit eligibility to large operators with at least 150 MW of installed capacity, designated power purchases, and full tax compliance.
Kazakhstan sets strategic mining rules tied to state crypto reserve Kazakhstan plans to require crypto miners seeking “strategic” status to meet strict infrastructure standards and transfer part of their mined assets to a reserve mechanism via the state-backed Astana Hub. Under rules taking effect Aug. 1, 2026, applicants must own a 150 MW mining data center, use hardware with at least 150 TH/s per unit, and buy electricity from eligible generators at regulated tariffs if approved.
Malaysia seizes 75,578 crypto mining rigs in power theft crackdown Malaysian authorities seized 75,578 crypto mining machines in 3,049 raids from 2022 to May 2026 and arrested 629 people, Deputy Home Minister Shamsul Anuar told parliament. The operations, run with police and utility Tenaga Nasional Berhad, target electricity theft rather than crypto itself, as the energy ministry has linked about $1.1 billion in power losses to roughly 14,000 illegal mining sites over five years.
Four Bitcoin mining pools top 70% of network hashrate Foundry Digital, AntPool, ViaBTC and F2Pool controlled more than 70% of Bitcoin’s hashrate in a June 23, 2026 snapshot from miningpoolstats.stream, underscoring rising mining centralization. The concentration is increasingly described as a two-tier market favoring institutional clients, while smaller miners face tighter competition and are reconsidering which pools to use.
Foundry opens hashrate vote on Bitcoin soft fork BIP-110 Foundry Digital said its mining clients will vote with their hashrate on whether the pool signals for BIP-110, a proposed Bitcoin soft fork that would temporarily restrict non-monetary data in transactions. The pool starts at “No” and will switch only if “Yes” votes top 51% of voting hashrate; the signaling window is expected to run through early August at block 961,632. Foundry controls about a third of Bitcoin network hashrate.
Bitfufu’s June BTC output falls as managed power capacity drops Bitfufu produced 125 BTC in June, with daily output falling to 4.2 BTC from 5.7 BTC in May as its managed power capacity declined to 273 MW from 346 MW. Of the total, 70 BTC came from self-mining and 55 BTC from cloud mining services, while total hashrate under management stood at 15.3 EH/s. Self-owned hashrate still rose 9.4% to 3.5 EH/s after the company deployed 1,200 S21 XP miners.
MARA to acquire 1,200-acre Texas site with up to 2 GW of power MARA Holdings agreed to buy a 1,200-acre powered land site in Matagorda County, Texas, with access to an initial 1 GW of grid capacity by October 2027 and 2 GW by April 2028. The company plans to develop the site with Starwood Digital Ventures into a digital infrastructure campus for high-performance computing, flexible workloads and bitcoin mining, potentially lifting MARA’s portfolio capacity to about 4.8 GW once energized and assuming its Long Ridge deal closes.
