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Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since block height 778,176.

Bitcoin miner Mawson Infrastructure (MIGI) said it agreed to sell its sites in Texas to a Singapore fund for $8.5 million in cash and stablecoins.

Bitcoin miner Mawson Infrastructure has agreed to sell its sites in Texas to Mainnet Capital's M Turing VCC Oracle Phase 1 Fund for $8.5 million in cash and stablecoins. The deal involves Luna Squares Texas LLC, which owns contracts and leases for sites in Midland, Texas.

Bitcoin miner Bitdeer listed today on the Nasdaq after several delays, to lukewarm reception, as the shares of the miner, under the ticker BTDR , lost almost 30% of their value, trading around $6.81 at the time of publication.

A strong week for bitcoin miners got even stronger on Thursday, with the share prices of several again posting double-digit percentage gains as bitcoin (BTC) rose more than 2% to $30,500.

The Times found that in Texas, the heightened demand from mining led to a nearly 5% increase in electric bills, amounting to an additional $1.8 billion per year.

Bitcoin miner Riot Platforms posted a tongue-in-cheek video and a written statement defending itself after The New York Times published a story about the "enormous carbon pollution" and high electricity costs created by the mining industry.

The Texas Senate passed a bill that will cap how much bitcoin (BTC) miners can participate in demand response programs, under which they get paid to curtail their operations at times of high energy demand.

In the face of the trend towards Web3.0, Hong Kong must be brave enough to become leaders in this wave of innovation.