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This week brought a modest difficulty adjustment paired with a small bump in both BTC price and transaction fees. These factors that could offer a short-term revenue boost for miners. However, much of Bitcoin’s recent price strength is driven by a weakening dollar. For miners paying dollar-denominated electricity rates, this currency shift actually reduces real profitability.

If the dollar continues to slide, hashprice could keep falling, even if BTC trades sideways or climbs. In that case, mining margins would tighten further, especially for those without access to ultra-cheap power or the latest hardware. Today in our weekly Mining Industry Recap:

Bitmain’s New Antminer Smashes the 1 PH/s Barrier, Kicks Off a New ASIC Arms Race

Bitmain has unveiled its most powerful Bitcoin miner yet: the Antminer S23 Hydro 3U. This machine delivers a staggering 1.16 petahash per second (PH/s) at just 9.5 joules per terahash (J/TH). This milestone marks the first time a commercial ASIC has broken the 1 PH/s mark, setting a new standard for performance and energy efficiency in the mining industry.

The machine, scheduled for release in January 2026, consumes 11,020 watts and is projected to earn over $45 daily at current hashprice and electricity rates. As rigs become more powerful and efficient, the operational gap between large-scale mining farms and smaller players could grow even wider, reinforcing the trend toward industrial dominance in Bitcoin mining.

Kaynak: bitcoin.com

Malaysia Faces Crypto Mining Boom, but It’s Powered by Theft

A new report by the Access Blockchain Association warns that illegal Bitcoin mining is surging in Malaysia due to regulatory ambiguity, causing massive energy theft and limiting the country’s ability to benefit from the industry. Between 2020 and late 2024, state utility TNB lost over $100 million to electricity theft, mostly from unlicensed miners.

Despite the losses, Malaysia has the potential to be a regional mining hub thanks to its cheap hydropower and strong connectivity. The report urges the government to formalize mining through licensing, green tariffs, and Shariah-compliant frameworks. It also notes that several large legal mining firms already operate quietly due to fears of theft and regulatory uncertainty. Without clear policies, Malaysia risks squandering a chance to capture part of the nearly $3 billion global mining market.

Kaynak: cointelegraph.com

MARA Eyes Big Oil for Flare Gas Bitcoin Mining, Talks With Exxon or Aramco?

Speculation is growing that MARA (formerly Marathon Digital) may soon partner with oil giants like Exxon Mobil or Saudi Aramco to scale flare-gas-powered Bitcoin mining. While no deal is confirmed, CEO Fred Thiel hinted at ongoing discussions with “some of the largest energy companies in the world” and plans to bring “chunks of flare gas generation” online.

MARA’s 25 MW pilot in Texas and modular, oilfield-ready mining rigs position it as a strong candidate for expansion. Flare-gas mining converts waste methane into electricity, lowering emissions and providing ultra-low-cost energy—a lifeline for miners post-halving. With methane emission fees rolling out in the U.S., oil producers may now see Bitcoin mining as a regulatory-friendly solution. If formalized, a partnership could mark a turning point for both industries.

Kaynak: cryptoslate.com

IREN Targets $450M Raise via Convertible Notes to Fuel Expansion

Bitcoin miner and AI infrastructure provider IREN has announced a $450 million private offering of convertible senior notes, with an option to raise an additional $50 million. The proceeds will partially fund capped call transactions to limit dilution and support a $100 million prepaid forward share repurchase agreement aimed at stabilizing the stock price.

The remainder will go toward general corporate purposes and working capital. Formerly known as Iris Energy, IREN operates data centers across 2,000 acres in the U.S. and Canada, with over 2.9 gigawatts of secured power. The firm is actively expanding across Bitcoin mining, AI cloud services, and data center operations.

Kaynak: theblock.co

Pakistan Turns to Bitcoin Mining to Monetize Surplus Energy

Pakistan has officially launched an initiative to repurpose 2,000 megawatts of its idle electricity capacity for Bitcoin mining and AI data centers. With up to 14% of the country’s 46,600 MW generation capacity unused during low-demand seasons, the government sees crypto and AI infrastructure as tools to reduce waste and accelerate its digital transformation.

The program aims to convert underutilized thermal plants into productive assets and will gradually incorporate renewable energy sources like solar, wind, and hydro. Officials describe this as a long-term strategy to boost economic output, lower energy sector costs, and position Pakistan in the global blockchain and AI landscape.

Kaynak: bitcoinsistemi.com

Russian Police Bust Mobile Bitcoin Mine Stealing Power From Village

Authorities in Russia’s Republic of Buryatia have uncovered an illegal mobile crypto mining operation concealed in a KamAZ truck and powered by electricity stolen from a local village. The setup, discovered during a routine inspection, contained 95 mining rigs and a mobile transformer, drawing enough energy to power an entire small settlement. The suspects fled the scene before police arrived.

This is the sixth recorded case of electricity theft for crypto mining in Buryatia this year. The region enforces seasonal mining bans from November to March to conserve energy during winter. Outside this window, only registered miners in select districts are permitted to operate.

The bust reflects a wider national crackdown on unauthorized crypto mining, especially in energy-strained areas like Irkutsk and parts of Dagestan and Chechnya. Meanwhile, cybersecurity threats are compounding the issue, with hacker group “Librarian Ghouls” running cryptojacking campaigns that mine crypto via malware on unsuspecting users’ computers.

Kaynak: thenewscrypto.com

France Considers Bitcoin Mining to Optimize Energy Grid

A group of French lawmakers has proposed legislation to evaluate the use of Bitcoin mining as a tool to manage the country’s electricity system more efficiently. The amendment, introduced to a broader energy sector reform bill, urges the government to assess the potential benefits of domestic Bitcoin mining, particularly its ability to absorb surplus electricity generated by France’s extensive nuclear power network.

France is Europe’s largest electricity producer, with over 70% of its power coming from nuclear energy. Lawmakers argue that Bitcoin mining, due to its flexibility and rapid deployment, could be activated during periods of low demand to prevent waste and reduce strain on infrastructure. They also point out the possibility of revitalizing abandoned industrial sites and strengthening France’s energy sovereignty.

The initiative was developed in collaboration with ADAN (Association for the Development of Digital Assets) and marks a significant step toward positioning France more firmly within the global crypto mining landscape.

Kaynak: cryptopolitan.com