IMF raises concern over Pakistan’s Bitcoin mining power plan: report

IMF raises concern over Pakistan’s Bitcoin mining power plan: report

IMF questions Pakistan’s plan to allocate 2,000 megawatts of electricity for Bitcoin mining amid energy shortages and budget talks. The International Monetary Fund (IMF) has raised concerns over Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers amid ongoing negotiations tied to the country’s extended financial program. The…

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Bitdeer Q1 revenue falls more than 40% year-over-year

Bitdeer Q1 revenue falls more than 40% year-over-year

The company still managed to clock net income of more than $400 million due to increasing values of derivatives on its balance sheet, Bitdeer said. Bitdeer Technologies Group reported a 41% year-over-year drop in revenue to $70.1 million for the first quarter of 2025, the Bitcoin miner said on May 15.  The Singaporean company clocked…

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Crypto miner deserts Pennsylvania site, fails to plug wells: Report

Crypto miner deserts Pennsylvania site, fails to plug wells: Report

Diversified Energy is under fire for reportedly walking away from a natural gas-powered crypto mining site in Pennsylvania without plugging wells. Cryptocurrency miner Diversified Energy quietly vacated a natural gas-powered crypto mining site in Elk County, Pennsylvania, reportedly leaving behind unplugged wells and regulatory violations. The site, known as Longhorn Pad A, was revived in…

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