Texas Facility Begins Operations, Targets 23 EH/s Hashrate Cipher Mining (CIFR) has officially commenced bitcoin production at its flagship Black Pearl data center in Texas. The facility, boasting 300 megawatts (MW) of capacity, marks a major milestone in the company’s expansion strategy. Phase I of the site is now active, running at 150 MW with an initial hashrate of 2.5 exahashes per second (EH/s). The firm expects to scale this figure to 9.6 EH/s by Q3, as newer-generation mining rigs are installed and older hardware is phased out. Once fully operational, Cipher’s total self-mining capacity is projected to reach 23.1…
Author: Blockto Team
Trump Declares Ceasefire Agreement Between Iran and Israel In a surprise development late Monday, U.S. President Donald Trump announced a “complete and total ceasefire” between Iran and Israel set to begin within hours. The announcement was made via his social media platform, sparking immediate reactions in financial markets — most notably, the crypto sector. According to reports, a senior Iranian official confirmed the ceasefire agreement, further validating Trump’s claim. The announcement brought a wave of optimism, especially amid heightened geopolitical tensions that had rocked global markets over the past 72 hours. Bitcoin Price Skyrockets Amid Optimism Following the ceasefire news,…
Bitcoin (BTC) has demonstrated remarkable resilience in the face of escalating Middle East tensions, surging 2.9% to reclaim the $102,400 level after briefly dipping to $99,500. Geopolitical Escalation Triggers Brief BTC Sell-Off The brief drop came after Iran launched missile strikes on American military bases across the Gulf region, including Qatar, Kuwait, Bahrain, and the UAE, in response to prior U.S. airstrikes on Iranian nuclear sites. Fortunately, no casualties were reported, according to regional officials. Despite the military escalation, crypto investors showed little fear. BTC’s fast rebound suggests a growing maturity in how markets respond to geopolitical risks. Bitcoin Outperforms…
A group of veteran crypto hedge fund executives is reportedly launching a new $100 million treasury strategy focused on BNB, Binance’s native token — echoing Michael Saylor’s famous Bitcoin playbook. BNB Treasury Strategy Led by Former Coral Capital Executives The effort is spearheaded by Patrick Horsman, Joshua Kruger, and Johnathan Pasch, all formerly of Coral Capital Holdings — a venture capital firm acquired by DNA Fund in 2024. According to Bloomberg, these executives aim to finalize the $100 million raise within June 2025, setting the stage for a BNB accumulation strategy. The newly formed entity, called Build & Build Corporation,…
Despite rising geopolitical tensions in the Middle East, Bitcoin (BTC) is proving to be a maturing financial asset, exhibiting lower volatility than major U.S. stock indices. According to recent data, Bitcoin’s 60-day realized volatility has dropped to around 27–28%, falling below the S&P 500 (~30%), the Nasdaq 100 (~35%), and even the “Magnificent 7” tech stocks (~40%). Stability Amid Conflict: A Turning Point for BTC This remarkable calm comes at a time of heightened global tension, particularly after U.S. airstrikes on Iranian nuclear facilities. While traditional equities responded with sharp fluctuations, Bitcoin’s price briefly dipped below $100,000 but quickly rebounded…
Paris-based telecom company Sequans Communications (NYSE: SQNS) has officially entered the growing wave of corporate Bitcoin adoption, unveiling plans to establish a bitcoin treasury reserve worth $384 million. This strategic shift comes amid a broader trend of non-crypto firms integrating BTC into their balance sheets as a long-term hedge and growth asset. Capital Raise to Fund Treasury Expansion Sequans will raise the funds via two instruments: This move is designed to diversify corporate assets and capitalize on Bitcoin’s long-term appreciation, as noted in the company’s official statement. “Our bitcoin treasury strategy reflects our strong conviction in bitcoin as a premier…
NEAR Protocol (NEAR) has emerged as one of the strongest performers amid recent crypto market turbulence, surging over 7.4% following a sharp dip to $1.79. The recovery highlights strong buyer interest, confirming a key support zone at $1.83 backed by robust trading volume. Market Context: Volatility Driven by Geopolitical and Economic Uncertainty Cryptocurrency markets remain under pressure from geopolitical tensions, including Middle East conflict, and growing global trade disputes. These factors have driven increased volatility across altcoins — with NEAR Protocol experiencing rapid price swings within a tight 24-hour window. Despite these headwinds, NEAR has rebounded sharply, signaling renewed investor…
Brazilian fintech giant Méliuz (CASH3) has made headlines after purchasing an additional 275.43 BTC for $28.61 million, becoming the largest publicly listed corporate holder of Bitcoin in Latin America. New Purchase Elevates Bitcoin Holdings The company announced on Monday that it now holds 595.67 BTC, acquired at an average price of $102,702.84 per coin. The acquisition follows a recent stock offering, which provided funding for this strategic expansion of its Bitcoin treasury. This move positions Méliuz as a regional leader in crypto adoption and ranks it 36th globally among publicly listed companies with the largest Bitcoin reserves. BTC Yield Surges…
Norway’s government has announced a temporary ban on new proof-of-work crypto mining data centers, citing growing electricity demands from more productive sectors like manufacturing, AI, and public infrastructure. Policy to Begin in Autumn 2025 The ban is expected to take effect in Autumn 2025, pending formal approval. It will apply specifically to new crypto mining operations that utilize the proof-of-work (PoW) algorithm — the energy-intensive system used by major cryptocurrencies like Bitcoin. “Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community,” said Norway’s Minister for Digitalization. Renewables Not Enough to…
Bitcoin ASIC manufacturer Canaan Inc. has officially pivoted back to its crypto roots, launching pilot production in the United States while shuttering its AI chip division, marking a significant strategic transformation. Pilot U.S. Production Launch Completed In a move aimed at bolstering its North American presence, Canaan successfully completed a pilot production run in the U.S., replicating operations previously conducted in Malaysia. While acknowledging the higher production costs, the company described the initiative as a strategic investment in long-term resilience. “Producing closer to the U.S. market allows us to enhance delivery cycles, adapt to local demand, and navigate regulatory uncertainty…