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Russia's largest Bitcoin (BTC) mining firm entered bankruptcy proceedings after years of financial deterioration and mounting creditor claims. A regional court initiated insolvency supervision against Fox Group, which controls 98% of BitRiver, on Jan. 27. CEO Igor Runets was placed under house arres

Major U.S. Bitcoin (BTC) mining pools have sharply reduced operations as an Arctic winter storm strains electricity grids across the country, with Foundry USA and Luxor collectively cutting more than 110 exahashes per second of hashrate in late January 2026. What Happened: Mining Operations Curtaile

Russian lawmakers propose fines up to 10M rubles ($129,000) for illegal crypto mining amid claims of $100M annual tax losses. Russian lawmakers introduced a bill on January 19 establishing administrative fines for illegal cryptocurrency mining, with penalties reaching up to $130,000 for repeat corpo

Bitcoin network hashrate fell below one zettahash per second for the first time since Sept. 2025 as mining companies increasingly redirect electricity to artificial intelligence data centers that offer steadier revenue and higher profit margins. What Happened: Mining Power Drops Below 1 ZH/s The sev

BlackRock is warning investors that the artificial intelligence infrastructure buildout will consume up to 24% of U.S. electricity by 2030, a projection that threatens to displace Bitcoin miners from the cheap power markets they have long relied on for profitability. What Happened: AI Data Centers C