💥🇪🇹 BBC just posted a Bitcoin mining feature story in Ethiopia!https://t.co/CzjEyqxeJw ...

RT CoinDesk Podcast Network (@CoinDeskPodcast)🎧 Catch the latest episode of 'THE MINING POD: Proto ASIC Miner, MARA’s AI Move, Google Invests in Terawulf, Ethiopia Mining Ban,’ in partnership with @blockspacepod!Welcome back to The Mining Pod! Today, Colin and Matt cover Proto's groundbreaking new ASIC miner, Terawulf’s $3.7B Google-backed HPC deal, Ethiopia's bitcoin mining ban, and Monero's 51% attack.**Notes:**• Proto Rig: 14.1 J/TH, 800 TH/s, swappable hashboards• Terra Wolf: $3.7B deal, Google 8% stake ...

Illegal Bitcoin Mining on the Rise in Tajikistan and Kazakhstan► https://t.co/fuNHSSZltO https://t.co/fuNHSSZltO ...

Core Insights - HIVE Digital Technologies Ltd. reported record revenue of $45.6 million for fiscal Q1 2026, driven by a 45% quarter-over-quarter increase in average hashrate to 8.9 EH/s, reflecting strong performance in Bitcoin mining and high-performance computing (HPC) operations [2][3][4]. Financial Performance - Total revenue reached $45.6 million, a significant increase from the previous quarter, with digital currency mining contributing $40.8 million, up 44.9% sequentially [4][5]. - Gross operating margin was $15.8 million, representing a margin of 34.7%, an increase from 28.2% in the previous quarter [4][5]. - Net income for the quarter was $35.0 million, primarily from realized and unrealized gains on digital currencies [5][8]. Mining Operations - The company mined 406 Bitcoin during the quarter, a 34% increase from the previous quarter, with an average mining difficulty increase of 10.2% [4][5]. - The average hashrate for Bitcoin mining increased from 5.9 EH/s in fiscal Q4 2025 to 8.7 EH/s in fiscal Q1 2026, marking a 47% increase [4][5]. HPC Business - HPC revenue reached a record $4.8 million, up 59.8% sequentially, driven by strong demand in high-performance computing markets [4][5]. - The company is expanding its HPC capabilities with the acquisition of a 7.2 MW Tier 3 data center in Toronto, expected to support 5,000 next-gen GPUs [8]. Strategic Outlook - HIVE aims to reach a hashrate of 25 EH/s by Thanksgiving 2025, positioning itself among the world's largest Bitcoin miners [8]. - The company is targeting $100 million in high-margin run-rate revenue from cloud computing and AI model training services by calendar year 2026 [8].

Core Insights - Block has launched new bitcoin mining hardware and software aimed at decentralizing and streamlining the bitcoin mining process [1][2] Product Overview - The new hardware, Proto Rig, is a modular bitcoin mining system that allows operators to upgrade individual hashboards quickly and without tools [2][3] - Proto Rig is positioned as a "10-year infrastructure investment" rather than a short-term asset [3] - The new software, Proto Fleet, is a free and open-source fleet management tool that integrates various functionalities historically requiring separate software [3][4] Operational Efficiency - Proto Fleet aims to help bitcoin miners streamline operations, maximize uptime, and reduce troubleshooting time [4] - The software is designed to modernize mining operations and improve efficiency [4] Strategic Focus - Block is transitioning resources towards its Bitkey self-custody bitcoin wallet service and bitcoin mining projects [4] - The company emphasizes making bitcoin more accessible and secure for everyday use [5] - Block's suite of products is focused on decentralizing the supply of mining hardware and the distribution of hashrate [5]

Mining Hardware Innovation - A modular Bitcoin mining machine named 'Proto Rig' has been created [1] - 'Proto Rig' delivers 1.5x more power per rack foot compared to other hardware [1] Industry Impact - The innovation is attributed to Twitter founder Jack Dorsey [1]

Bitcoin Mining - Jack Dorsey's Block is developing a Bitcoin mining machine [1] - The development aims to further decentralize Bitcoin mining [1] Technology - The machine's specifications and release date are currently unknown [1] Market Impact - The project could potentially impact the Bitcoin mining hardware market [1]

Bitcoin Mining - Jack Dorsey's Bitcoin mining machine is under development [1] Industry Focus - The industry is closely watching the development of new Bitcoin mining technologies [1]

Introducing Proto: The future of bitcoin mining https://t.co/01nq3k9OYQ ...

Financial Data and Key Metrics Changes - For Q2 2025, total revenue was $1,900,000, down from $2,400,000 in Q1 2025, primarily due to lower Bitcoin production and curtailments during peak summer months [11] - The average Bitcoin price in Q2 2025 was approximately $98,100, compared to $93,600 in Q1 2025 [11] - Mining margins improved to 41% in Q2 from 38.5% in Q1, supported by the transition to a lower-cost facility [12] - Net income for Q2 was approximately $60,000, a significant improvement from a net loss of $5,400,000 in Q1 2025 [12] - Core EBITDA for Q2 was $2,600,000, compared to a negative $2,800,000 in Q1 2025 [12] Business Line Data and Key Metrics Changes - The company mined 18.4 Bitcoin in Q2, a slight decrease from Q1 due to miner relocations and curtailments [7] - The strategic transition to a fully integrated model allowed for curtailment and energy sales to generate approximately $223,000 in Q2, offsetting lower Bitcoin production [7] Market Data and Key Metrics Changes - The company ended Q2 with 155.5 Bitcoin valued at $16,700,000, translating to about $3.25 Bitcoin per share based on June 30 prices [8] - By the end of July, Bitcoin holdings decreased to 150.4 Bitcoin valued at $17,800,000, or $3.46 per share [8] Company Strategy and Development Direction - The acquisition of an 11 megawatt Bitcoin mining site in Mississippi for $3,900,000 is expected to enhance the company's capacity to 26 megawatts, accelerating growth and maximizing ROI [5][14] - The company is focused on vertical integration to reduce power costs and optimize fleet efficiency, with plans for further expansion in Oklahoma [9][14] - The company remains committed to its Bitcoin treasury strategy, emphasizing long-term accumulation despite market volatility [15][16] Management's Comments on Operating Environment and Future Outlook - Management expects curtailment revenue to trend lower as seasonal temperatures moderate, leading to increased Bitcoin production and fleet efficiency [15] - The company highlights a disconnect between its balance sheet and market value, with a net book value of $31,900,000 and a fully diluted market cap of $14,700,000 as of June 30 [16] Other Important Information - The company has made progress on a two megawatt immersion-based expansion in Oklahoma, expected to be completed by the end of the year [6] - The company strategically sold a portion of its Bitcoin holdings to support operations and fund expansion projects while maintaining a long-term accumulation strategy [12] Q&A Session Summary Question: Inquiry about the deployment of machines in Mississippi - The company confirmed that the total capacity will be 26 megawatts, with 11.5 megawatts in Oklahoma and 7 megawatts in Mississippi once operational [19][20] Question: Plans for new miner purchases - The company indicated that additional miners will need to be acquired to fill out the capacity in Mississippi, but specifics are not yet determined [21]