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Bitcoin’s price has edged downward this week, likely influenced by broader market uncertainty stemming from the conflict between Iran and Israel. Despite the price dip, network activity increased slightly, with higher mempool congestion and rising transaction fees providing a modest boost to mining revenue. There was no difficulty adjustment this week, but the network hashrate continued to climb and is now approaching the 1,000 EH/s mark. The next difficulty adjustment is expected at the end of the week and is projected to be a sharp reduction.
Trump-backed ABTC targets 25 EH/s with Chinese hardware
American Bitcoin Corp (ABTC), a Hut 8 spin-off backed by Eric and Donald Trump Jr., has revealed its ambitious plan to scale to 25 EH/s through a merger with Gryphon Digital. While it currently operates 10.17 EH/s using Bitmain and MicroBT machines, its real growth hinges on a massive 15 EH/s hosting agreement with Bitmain for the U3S21EXPH, a high-performance miner clocking in at 860 PH/s per unit.
The deal, worth up to $320 million, would place ABTC among the largest miners globally, if tariffs and geopolitical frictions don’t get in the way. According to SEC filings, ABTC’s cost per mined BTC in Q1 2025 was a steep $86,303, reflecting either high operational costs or a structure designed to benefit Hut 8’s hosting revenues. Despite its patriotic branding, ABTC’s roadmap is heavily dependent on Chinese mining hardware, which raises questions about its resilience amid rising U.S.-China trade tensions.
Source : news.bitcoin.com
U.S.-Listed Bitcoin Miners Reach Record 31.5% of Global Hashrate
U.S.-listed Bitcoin miners have reached a new milestone, now controlling 31.5% of the global hashrate according to a JPMorgan report. The 13 companies tracked, including CleanSpark, Riot Platforms, and Hive, have grown their collective hashrate by 99% year-on-year, nearly doubling the network’s own 55% increase over the same period. Riot was the top performer with a 20% stock gain in early June, while Bitfarms saw a 9% decline. Overall, the group added 11 EH/s since April, pushing their combined market cap up by $2.4 billion in just two weeks.
Despite this growth, the network hashrate averaged just 890 EH/s in the first half of June, about 10 EH/s below previous levels. This was an unexpected dip given recent trends. Hashprice also fell 2% over the same period, hinting at compressed margins despite the scaling push. While the long-term trajectory of industrial miners remains bullish, short-term profitability pressures could mount if hashprice continues to weaken amid fierce competition and post-halving economics.
Source : coindesk.com
AgriFORCE Debuts Gas-Powered Bitcoin Mining Site in Alberta, Targets 1 EH/s
AgriFORCE Growing Systems has launched its first bitcoin mining site in Berwyn, Alberta, powered by stranded natural gas. Developed in partnership with BlueFlare Energy, the off-grid facility currently runs 120 ASICs producing 32 PH/s and is set to expand by another 200 kW in a second phase. This site marks the beginning of AgriFORCE’s larger push to integrate flared-gas energy with decentralized digital infrastructure, a model gaining traction as miners seek alternatives to rising grid power costs.
The company aims to reach 1 EH/s of compute capacity by Q1 2026 by scaling operations to two additional Alberta locations: Oyen and Hinton. AgriFORCE plans to retain up to half of its mined BTC for treasury while deploying the rest toward expansion. Its broader strategy includes modular compute deployments, and energy monetization through stranded resource utilization. As margins tighten industry-wide, AgriFORCE’s off-grid model offers a way to rapidly deploy infrastructure while turning waste energy into digital assets.
Source : coindesk.com
Chinese Mining Giants Relocate to U.S. to Dodge Trump Tariffs
Top Chinese mining hardware manufacturers: Bitmain, Canaan, and MicroBT, are shifting operations to the United States to mitigate the impact of Trump-era tariffs. These three companies control 90% of the global Bitcoin mining rig market and are reacting to both trade policy and Trump’s pro-crypto stance, which includes a pledge to “produce all Bitcoin in the USA.” Bitmain has already launched U.S. production, while Canaan and MicroBT are actively exploring domestic localization strategies.
This pivot is evidence of deeper structural changes in Bitcoin’s supply chain, with political alignment now influencing hardware sourcing. However, U.S. national security concerns are rising, especially regarding the integration of Chinese machines into the electrical grid. American mining firms like Auradine are lobbying to curtail Chinese hardware dominance and boost local production. As the lines blur between trade, tech, and national security, the reshuffling of the mining landscape could accelerate North America’s role in the global mining arms race.
Source : coingape.com
HIVE Doubles Down on Hydro Mining and AI to Build Resilient Growth Model
In a wide-ranging interview, HIVE CFO Darcy Daubaras outlined the company’s bold plan to reach 25 EH/s by the end of 2025, while maintaining a debt-free balance sheet. Already at 10 EH/s, HIVE is scaling through hydro-powered data centers in Paraguay and beyond, betting heavily on next-generation S21+ Hydro ASICs and fine-tuned firmware. With a focus on low-cost renewable energy and tight cost controls, HIVE is positioning itself to weather future downturns and capitalize on any mining shakeout by opportunistically acquiring distressed assets that meet its ESG and ROI criteria.
But HIVE isn’t just a miner. By using its green data centers for AI workloads and HPC services, the company is diversifying revenue while future-proofing against crypto market volatility. Its BUZZ HPC division is already generating income ahead of schedule, with HIVE emphasizing that its dual strategy in blockchain and AI compute provides a long-term competitive edge. As ESG scrutiny intensifies and regulatory landscapes shift, HIVE’s global, sustainable, and efficient infrastructure model may help it outlast competitors and emerge as a pillar of both Bitcoin and decentralized computing.
Source : crypto.news
France Rejects Proposal to Explore Bitcoin Mining With Nuclear Surplus
The French National Assembly has dismissed a proposal to evaluate bitcoin mining as a way to utilize surplus electricity, particularly from the country’s robust nuclear grid. The amendment didn’t call for mining directly, but merely for a study assessing how mining could help stabilize the grid and optimize excess production. Though procedurally blocked under Article 98 of the Assembly’s rules, the proposal sparked interest by positioning France alongside nations like Bhutan and El Salvador in considering Bitcoin as part of national energy policy.
However, the rejection reflects France’s ongoing skepticism toward Bitcoin’s environmental footprint. Local analysts believe it’s unlikely the idea will resurface anytime soon, as bitcoin mining continues to be viewed unfavorably in environmental and political circles. Still, the fact that such a proposal reached the floor marks a subtle shift: Bitcoin is starting to be considered at the highest levels of energy and economic policy, even if only tentatively.
Source : news.bitcoin.com
Russia Struggles With Crypto Mining Compliance as Majority of Miners Remain Unregistered
Despite passing crypto mining legislation in 2024, Russia’s efforts to regulate the sector remain incomplete, with only 30% of miners officially registered. Deputy Finance Minister Ivan Chebeskov acknowledged at the St. Petersburg International Economic Forum that most mining activity still occurs underground, undermining the government’s push for transparency. Authorities are now considering stiffer penalties, with fines for unregistered operations potentially rising tenfold, from 200,000 rubles to 2 million rubles (about $25,500).
In addition to tighter enforcement, Russia has imposed mining bans in several energy-stressed regions, which are expected to remain in place until March 2031. The government’s dual approach: legal recognition and geographic restriction, reflects a broader strategy to control crypto mining without entirely banning it. But with 70% of miners still operating informally, the gap between policy and practice remains wide, threatening both oversight and energy stability.
Source : cryptobriefing.com
Norway Plans Temporary Ban on Power-Intensive Crypto Mining
Norway’s government announced plans to impose a temporary ban on new data centers using the most electricity-intensive forms of cryptocurrency mining. The measure, expected to be implemented in autumn 2025, is aimed at conserving power for other industries and limiting the growth of crypto mining within the country. Minister for Digitalization and Public Administration Karianne Tung emphasized that the government’s position is clear: it wants to restrict crypto mining in Norway as much as possible.
Tung criticized crypto mining for its high energy demands and limited economic benefit, noting it contributes little in terms of jobs or income for local communities. The planned ban underscores a growing trend in energy-rich countries to reassess the value proposition of crypto mining amid concerns about sustainability and grid strain. If enacted, Norway would join other nations like France and Russia in placing new limitations on mining activity.
Source : reuters.com