ChainCatcher news, according to Cloverpool data, Bitcoin mining difficulty has undergone an adjustment at block height 897,120 (Beijing time today at 22:01:56), with the mining difficulty increased by 2.13% to 121.66 T; currently, the average hash rate across the network for the past seven days is 846.6 EH/s.

ChainCatcher news, according to Cointelegraph, Paraguayan law enforcement has disclosed that three Chinese nationals have been expelled for illegal entry and one Paraguayan suspect has been arrested. This group is suspected of attempting to steal from the cryptocurrency mining site of Teratech SA in Coronel Bogado. The prosecution stated that the three expelled individuals had no legal entry records and are suspected of entering illegally through the borders of Brazil or Bolivia.Paraguayan prosecutor Irene Rolón pointed out that the arrested Paraguayan suspect, Nahun María Velázquez Garcete, has now been charged with serious theft, and the case is still under further investigation.It is reported that the mining site is located near the Itaipu Hydroelectric Power Plant, which attracts many cryptocurrency mining operations due to its abundant hydroelectric resources.The prosecution is verifying the specific relationship between the three expelled individuals and the involved company. The specific details of the case's losses and the suspects' injuries have not yet been disclosed.

ChainCatcher news, according to Cointelegraph, Bitcoin enters its fifth era after the 2024 block reward halving, with the single block reward decreasing from 6.25 BTC to 3.125 BTC. Mining companies are responding to profit pressures through hardware upgrades, energy optimization, and regional migration. By May 1, 2025, the total network hash rate is expected to reach 831 EH/s, a 77% increase from the 2024 low of 519 EH/s, with a peak rising to 921 EH/s.The iteration of mining machines accelerates the energy efficiency competition, with Bitmain's Antminer S21+ achieving a hash rate of 216 TH/s and an energy consumption ratio of 16.5 J/TH, while MicroBT's immersion mining machine WhatsMiner M66S+ reduces energy consumption to 17 J/TH. TSMC and Samsung have already adopted 3-nanometer chip technology, with 2-nanometer processes soon to be implemented, driving continuous improvements in mining machine efficiency.Energy costs dominate the survival of mining companies, with the network difficulty rising to a historical high of 123T, and daily earnings per TH/s (Hashprice) dropping from $0.12 in April 2024 to $0.049 in the same period of 2025. The Omani government subsidizes electricity prices to maintain $0.05--$0.07 per kilowatt-hour, while semi-official projects in the UAE have electricity prices as low as $0.035--$0.045 per kilowatt-hour, attracting institutional-level mining operations. In the U.S., industrial electricity prices exceed $0.1 per kilowatt-hour, forcing mining companies to migrate to low-cost energy regions in Africa, the Middle East, and Central Asia.A Cointelegraph research report indicates that the growing demand for AI computing power, global regulatory adjustments, and breakthroughs in hardware technology will continue to impact the industry landscape over the next 12 to 18 months. Efficiency optimization has become a survival necessity, with only leading mining companies able to maintain competitiveness through energy arbitrage and equipment upgrades, while sovereign nations adopt strategies alongside institutional entry or reshape Bitcoin's position in the global financial system.

ChainCatcher news, Cango, a company listed on the New York Stock Exchange, released its unaudited financial performance report for the first quarter of 2025, which disclosed:Total revenue was 1.1 billion RMB (145.2 million USD), of which the Bitcoin mining business generated 1 billion RMB (144.2 million USD) in revenue this quarter;The mining output was 1,541 Bitcoins, with an average mining cost of 70,602.1 USD per Bitcoin.As of March 31, 2025, the total balance of cash and cash equivalents and short-term investments was 2.5 billion RMB (347.4 million USD).

ChainCatcher news, Nasdaq-listed company Canaan Creative released an unaudited Bitcoin mining update report for the period ending April 30, 2025, disclosing that the mining output in April was 87 BTC, bringing the total Bitcoin holdings to 1,424 BTC, with a deployed hash rate of 8.15 EH/s at the end of the month.In addition, Canaan Creative disclosed that its Ethiopia mining site experienced minor power interruptions in April, but the uptime still reached 95%.

ChainCatcher news, the Nebraska legislature has just passed a bill regulating Bitcoin miners. The LB 526 bill requires large miners to bear the costs of infrastructure upgrades, mandates miners to report energy usage, and allows authorities to interrupt services. The bill passed unanimously with a vote of 49:0.The Bitcoin mining bill LB 526 in Nebraska is not a huge setback for companies in the state. The bill is just over two pages long and very straightforward. Unlike anti-mining bills, it does not address carbon emissions or other environmental impacts. Instead, it focuses almost entirely on the power grid.

ChainCatcher news, CryptoQuant analyst Axel Adler Jr posted on X platform that the average cost for BTC miners to mine is currently about $36,800 per coin. The price difference between the current BTC market price and the mining cost per BTC is 182%. This essentially represents the average profit margin. This level corresponds to the beginning of the bull market cycle in November 2022 and the price peak of $100,000 in this cycle. A price increase beyond this level would restore miner profits to the levels seen after the last halving and achieve excess profits comparable to those at the start of the bull market in January 2023.

ChainCatcher news, according to Jin10, Bitcoin mining company American Bitcoin announced that it has signed a formal merger agreement with Gryphon Digital Mining, planning to go public.

ChainCatcher news, according to Decrypt, the Malaysian national energy company (Tenaga Nasional Berhad) issued a statement on May 12, 2025, stating that from 2018 to 2024, the number of electricity theft cases related to illegal cryptocurrency mining in the country surged from 610 to 2,397, an increase of 300%. These acts of stealing subsidized electricity by tampering with meters have severely impacted grid stability and resulted in losses of hundreds of millions of dollars for the company.Recently, Malaysian authorities launched a nationwide joint law enforcement operation, seizing multiple illegal mining cases, including a raid in Bandar Alam City where 45 Bitcoin mining machines were confiscated. To address this issue, the energy company has deployed a smart meter network to monitor abnormal electricity usage in real-time, and under the Electricity Supply Act, illegal activities can be punished with up to 10 years in prison or fines of $212,000.Data shows that some property owners received electricity bills as high as $278,400 due to tenants setting up mining machines. Similar situations have also occurred in countries like Kuwait, where over 1,000 illegal mining sites were shut down last month, and this week, investigations were launched against 116 individuals. These activities have led to a sudden increase in pressure on the local grid and caused widespread power outages.

ChainCatcher news, according to PRNewswire, Nasdaq-listed Bitcoin mining company BTC Digital announced the acquisition of 62 acres of land in Vienna, Dooly County, Georgia, for $2.1 million, including its associated plants and facilities. The company also plans to invest an additional $5 million to develop an energy-efficient cryptocurrency mining facility that will house approximately 6,000 mining machines to support cryptocurrency mining and improve deployment and maintenance efficiency.

ChainCatcher news, according to Bloomberg, Bitcoin mining company Hut 8 Corp. has released its financial report for the first quarter of 2025.Data shows that the company's quarterly revenue was $21.8 million, a nearly 58% year-over-year drop; net loss was $134.3 million, compared to a profit of $250.7 million in the same period last year. The company recently announced a partnership with former U.S. President Trump's son to launch a new business.

ChainCatcher news, according to The Block, Bitcoin mining companies MARA and CleanSpark released their Q1 2025 financial reports. MARA's quarterly revenue increased by 30% year-on-year to $214 million, but it reported a net loss of $533 million; CleanSpark's revenue grew by 63% year-on-year to $182 million, with a net loss of $139 million.MARA is seeking to expand its Bitcoin holdings through a $2 billion stock issuance. As Bitcoin surpasses $100,000, the stock prices of both companies have risen.

ChainCatcher news, Nasdaq-listed Bitcoin mining company Core Scientific reported a net profit of $580.7 million in the first quarter of 2025 (Q1), doubling year-on-year, mainly due to a non-cash gain of $621.5 million from warrant adjustments based on market value after last year's bankruptcy restructuring. Despite a sharp year-on-year decline in revenue to $79.5 million, the company is transforming and expanding its high-performance computing business and has signed a large energy services agreement with CoreWeave, which is expected to bring in $360 million in revenue next year.

ChainCatcher news, the Bitcoin mining technology company Luxor expects that if Trump imposes comprehensive tariffs on the Bitcoin industry's supply chain, Russia will become a major beneficiary, as most Bitcoin mining hardware is still designed outside the United States. For a long time, this industry has been dominated by Bitmain's Antminer, which holds over 80% of the market share.In addition, benefiting from energy cost advantages and a gradual easing of cryptocurrency regulations, Bitcoin mining activities in Russia have significantly increased. Despite facing sanctions from Western countries, the Russian government is still promoting the legalization of cryptocurrencies, especially in international payments and mining. Experts point out that although Russia has made progress in the cryptocurrency field, large-scale evasion of sanctions using cryptocurrencies remains challenging due to market liquidity constraints.