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Blockchain

How Russian miners built a mobile crypto farm and got busted


What is crypto mining on wheels, and how did Russian authorities discover it?

A mobile cryptocurrency mining operation involves installing mining equipment, such as application-specific integrated circuits (ASICs) or graphics processing units (GPUs), in portable units like trucks, vans or shipping containers. 

Mining equipment can be easily relocated to take advantage of inexpensive or unregulated electricity sources, often in remote or industrial areas. Unlike fixed mining farms, mobile setups avoid…



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

After the announcement, Iren raised its 2026 annual recurring revenue guidance from US$500 million to US$3.4 billion. Source link

by Tech In Asia

The company reported Q3 net profit of US$56.8 million, up from US$38.5 million a year earlier. Source link