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🗞️ This Week in Mining: Launches, Machines & Moves

All the latest moves in Bitcoin mining, in one place.

👋 Welcome back, miners!
Major Headlines in Crypto & Mining This Week:

  • Proto Rig

  • Google backs TeraWulf

  • American Bitcoin Buys 16,299 Antminers

  • Bitfarms Moves to U.S

  • This Week’s Public Crypto & Mining News 🗞️

  • Meme of the Week 😂 

1/ Proto Rig: Durable, repairable, upgradeable

Block, Inc. (NYSE: XYZ) today introduced Proto Rig, a first-of-its-kind modular Bitcoin mining system, alongside Proto Fleet, a free open-source fleet management software.

Proto Rig is built for repairability and a 10-year life, cutting upgrade costs by ~15–20% and delivering 1.5× the power per rack foot. Proto Fleet brings one dashboard for monitoring, diagnostics, and maintenance, free for anyone.

P.S. Jack retweeted our tweet.

2/ Google backs TeraWulf: $3.7B AI hosting deal

TeraWulf today unveiled a long-term AI hosting agreement structured at $3.7 billion over ten years, with extension provisions that could significantly expand the program’s scope.

⚫️ Contract value: $3.7B initial (extensions → up to $8.7B)
⚫️ Google support: $1.8B of lease obligations.
⚫️ Google economics: ~41M warrants ≈ 8% pro-forma stake.
⚫️ Capacity: 200+ MW critical IT load at Lake Mariner

3/ American Bitcoin Buys 16,299 Antminers

American Bitcoin today announced it has exercised a purchase option with Bitmain to acquire 16,299 Antminer U3S21EXPH units, adding roughly 14.02 EH/s of mining capacity.

The purchase is being financed in part by a 2,234 BTC pledge and is valued at about $314 million. The rigs will be integrated into American Bitcoin’s fleet a they arrive, accelerating the company’s multi-year growth plan to scale production and capture economies of scale.

4/ Bitfarms Moves to U.S. | Revenue +87% YoY

Bitfarms (NASDAQ: BITF) has officially moved its corporate headquarters to the United States, reporting 87% YoY revenue growth in its latest quarterly update.

Relocating to the U.S. may open doors to deeper capital markets and a broader investor base, while strong revenue growth signals resilience in a volatile market.

⚫️ Panther Creek Data Campus (Pennsylvania)
⚫️ Partnering with T5 Data Centers to push HPC/AI capacity.
⚫️ 82% of power capacity now in North America
⚫️ 4.9M shares repurchased

🗞️ This week - Crypto & Bitcoin Mining News

  1. Canaan Inc. - Total revenues increased 39.5% YoY to US$100.2 million.

  2. Decrypt - Core Scientific's Top Investor to Vote Against.

  3. Soluna's Project Kati 1 - Soluna & Galaxy Team Up.

  4. Greenidge - Expands and Trims $27.6M Debt.

😂 Meme of the Week

Source: @msmlone

Source: @DaDai_Space

Till next time,

Did you know?
Kodak once sold a Bitcoin miner promising $375/month… but it quickly became a Kodak moment, mostly just warm hardware and dashed dreams.

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Stay curious, leaders!

PS. If you missed yesterday’s issue, you can find it here.