Daily News 19

Tag: Bitcoin mining

  • Bitcoin Miner MARA Holdings Makes Millions in Bitcoin Purchases: Details Revealed

    Bitcoin Miner MARA Holdings Makes Millions in Bitcoin Purchases: Details Revealed

    MARA Holdings Adds 1,292 Bitcoin to Treasury in $98.6 Million FalconX Transaction

    Bitcoin mining firm MARA Holdings (NASDAQ: MARA) has expanded its corporate treasury with a significant Bitcoin acquisition, according to on-chain data tracked by analytics platform Lookonchain. The company purchased 1,292 BTC through institutional trading platform FalconX approximately nine hours before the data was published.

    Transaction Details and Market Context

    The acquisition carries an estimated value of $98.64 million, marking another substantial single institutional Bitcoin purchase by the publicly traded miner. MARA Holdings operates with a dual strategy: mining Bitcoin through its operations while simultaneously accumulating the asset on its balance sheet.

    Large-scale Bitcoin purchases by public companies are widely viewed as a key indicator of institutional investor confidence in the cryptocurrency market. The use of FalconX—a prime brokerage catering to institutional clients—underscores the professional execution behind the transaction.

    Strategic Implications for Miner Treasuries

    Rather than immediately selling mined Bitcoin to cover operational costs, MARA and peers have increasingly adopted a long-term asset accumulation strategy. This approach treats Bitcoin as a treasury reserve asset, aligning corporate holdings with the very commodity the business produces.

    Market observers are monitoring the transaction not only for its potential price impact but also for signals regarding MARA’s total digital asset position. The company’s continued buying reinforces a broader trend of publicly traded firms deepening their institutional presence in the crypto ecosystem.

    Data Gaps Remain

    While Lookonchain’s on-chain analysis confirms the transaction size and counterparty, the data does not disclose:

    • The average purchase price per Bitcoin
    • MARA’s total Bitcoin holdings following this acquisition

    These details would provide further clarity on the company’s dollar-cost averaging approach and overall treasury exposure.

    This article is for informational purposes only and does not constitute investment advice.

  • Kazakhstan Plans National Crypto Analytics Center to Track Digital Asset Flows

    Kazakhstan Plans National Crypto Analytics Center to Track Digital Asset Flows

    Kazakhstan to Launch National Cryptocurrency Analytics Center on SupTech Platform

    Kazakhstan has announced plans to establish a National Cryptocurrency Analytics Center designed to monitor digital asset transactions across fiat payments, crypto transfers, wallets, and customer data. The initiative was disclosed by National Bank of Kazakhstan Chairman Timur Suleimenov during a government meeting on September 15, according to Qazinform News Agency.

    Center Built on Central Bank’s SupTech Supervisory Platform

    The new analytics center will be constructed on the National Bank’s existing SupTech supervisory platform. This system will analyze both fiat and cryptocurrency components of transactions, alongside client information, wallet details, and individual transfer data. Suleimenov stated that banks, law enforcement agencies, and licensed digital asset providers will gain access to verification tools offered through the center.

    The National Bank has been developing its SupTech platform as a centralized system for supervising digital asset markets and payment organizations. According to an August update on the central bank’s 2025–2029 digitalization and data management strategy, the platform covers the full supervisory cycle—from maintaining registries and profiles of regulated entities to analyzing reports, conducting blockchain analytics, and automating supervisory actions. The National Bank aims to migrate the complete supervisory cycle to the system by the second half of 2026.

    Integration with Anti-Fraud Center Enhances Monitoring

    The National Cryptocurrency Analytics Center will be integrated with the National Bank’s Anti-Fraud Center, placing digital asset monitoring alongside an existing system used by financial institutions and government bodies to identify suspicious financial activity. Launched in August 2024, the Anti-Fraud Center operates with law enforcement agencies and financial market participants to detect and block fraudulent transactions in real time.

    Participation has grown rapidly. By July 2025, more than 200 organizations—including banks, microfinance companies, telecom operators, and government agencies—had connected to the platform. As of January 1, 2026, the system had registered 80,871 incidents involving transactions with signs of fraud and roughly 19,810 incidents linked to drug trafficking, illegal gambling, and financial pyramid schemes. Authorities had blocked 2.8 billion tenge through the system, while more than 500 million tenge had been returned to fraud victims.

    Recent development work has expanded links between the Anti-Fraud Center, the Prosecutor General’s Office, the Interior Ministry, and telecom operators. The National Bank is also developing artificial intelligence tools for behavioral analysis and early detection of suspicious customer activity, including a pilot project on session-based analysis to examine user behavior inside financial applications.

    Regulated Crypto Services Expand Alongside Oversight

    The monitoring project follows a series of measures bringing more cryptocurrency activity under regulated financial infrastructure. In November 2025, Bybit Kazakhstan launched the country’s first regulated peer-to-peer (P2P) platform under an Astana Financial Services Authority (AFSA) license. The platform requires users to complete identity checks, with fiat payments routed through corporate bank accounts of licensed financial institutions rather than personal accounts.

    Kazakhstan has also experimented with stablecoins inside regulated financial services. In September 2025, AFSA began a pilot allowing eligible firms to pay regulatory fees using U.S. dollar-pegged stablecoins through approved agents. Simultaneously, the National Bank is pursuing state investment in digital assets. Kazakhstan plans to use cryptocurrencies confiscated in criminal cases as one source for a national crypto reserve. The National Investment Corporation, the central bank’s investment arm, earmarked $350 million from foreign currency and gold reserves for crypto-related investments, targeting exposure through hedge funds rather than direct purchases.

    Mining and Payment Pilots Support State Reserve

    Kazakhstan continues developing its reserve through the domestic mining industry. Under rules approved this year, licensed Bitcoin miners can receive additional electricity capacity when they contribute a portion of their mined cryptocurrency to the state reserve, linking energy access to participation in the government-backed program. The country remains one of the world’s largest Bitcoin mining jurisdictions, ranked fifth globally by the Cambridge Digital Mining Industry Report in April 2025.

    Regulated cryptocurrency payments are also being tested. In July, Alatau City Bank partnered with Binance Kazakhstan to introduce Crypto Pay, enabling customers to make purchases using cryptocurrency via QR codes and point-of-sale terminals connected to the bank’s acquiring network.

    Enforcement Continues Alongside Innovation

    Kazakhstan’s enforcement policy continues in parallel with these programs. Authorities previously blocked more than 1,100 unauthorized cryptocurrency exchange platforms in 2025 and liquidated 36 illegal platforms with a combined turnover of 60 billion tenge in 2024, seizing 4.8 million USDT. Officials noted that platforms lacking proper anti-money laundering and Know Your Customer controls were being used for fraud, drug trafficking, and other illicit activities.

    The National Bank’s Anti-Fraud Center continues expanding its capabilities, incorporating predictive analytics, session-based monitoring, and integration with government and telecom databases. The new National Cryptocurrency Analytics Center will extend transaction analysis specifically to fiat and cryptocurrency flows, client information, and digital asset wallets, providing a unified view for regulators and market participants.

  • Bitcoin Mining Generates 90% of HIVE’s $1 Million Daily Revenue Amid Ongoing AI Expansion

    Bitcoin Mining Generates 90% of HIVE’s $1 Million Daily Revenue Amid Ongoing AI Expansion

    HIVE Digital Technologies Reports $1 Million Daily Revenue Average, Driven by Bitcoin Mining

    HIVE Digital Technologies disclosed that its combined Bitcoin mining and GPU cloud operations generated more than $1 million in average daily revenue from August 21 through September 10, offering a concrete measure of how the company’s artificial intelligence pivot is contributing to current results.

    GPU Cloud Contributes Roughly 10% of Daily Revenue

    According to the company’s September 10 update, the GPU cloud segment produced approximately $100,000 per day during the period. That figure represents an operating revenue stream from AI infrastructure, though it accounted for less than roughly 10% of the reported total. Bitcoin mining supplied more than nine-tenths of the daily average.

    An accompanying infographic illustrated the split, showing HIVE averaging over $1 million in daily revenue with approximately 90% derived from Bitcoin mining and 10% from GPU cloud services.

    Mining Output Tied to Network Conditions

    HIVE reported mining an average of about 12 Bitcoin per day during the window, equal to roughly 2% of global network production. The company emphasized that the revenue figures are preliminary, unaudited management estimates, and tied the results to prevailing Bitcoin prices, network difficulty, and operating conditions. The dollar value of mining output can change with Bitcoin’s price and network economics.

    While GPU cloud gives HIVE an operating foothold in AI infrastructure, Bitcoin mining remained the financial engine during the period.

    $600 Million Contract Pipeline Not Yet Recognized Revenue

    HIVE said it had closed more than $600 million in GPU-cloud total contract value year to date, combining signed customer agreements and letters of intent. The company warned that total contract value is not recognized revenue and does not guarantee future revenue.

    That distinction follows August reports of a $350 million AI cloud agreement and the financing and execution demands of a related $185 million GPU buildout. The new disclosure shows the AI business generating revenue, but the much larger commercial pipeline still depends on delivery over time.

    Wind-Down of Legacy Facilities Underway

    HIVE said those operations contributed less than 5% of the company’s global daily revenue in August and that it intends to wind down mining at the facilities. The company is evaluating whether to repurpose the sites for high-performance computing, the data-intensive infrastructure used for services such as AI. It has not said the conversion is complete, and its release cautioned that the wind-down and repurposing may not proceed as planned.

    Two-Speed Transition Continues

    For now, the operating numbers show a two-speed transition. AI cloud has become a revenue-producing business, while Bitcoin mining remains the financial engine carrying the shift. The next test is whether HIVE can turn more of its signed agreements and letters of intent, along with its existing infrastructure, into recognized GPU-cloud revenue without losing the mining cash flow that supports the transition.

  • Luke Dashjr Exits Ocean Mining Pool After Dispute Over Bitcoin’s Future

    Luke Dashjr Exits Ocean Mining Pool After Dispute Over Bitcoin’s Future

    Longtime Bitcoin developer Luke Dashjr has resigned as chairman, chief technology officer and director of Ocean mining pool, ending his involvement with the company after its parent, Mummolin, repurchased his entire equity stake.

    The separation was agreed by both sides and reflects differing views on the future of Bitcoin mining and recent protocol developments. Mummolin and Dashjr did not disclose the value of the equity buyback.

    Luke Dashjr to launch Convoy mining venture

    Dashjr, who co-founded Ocean, plans to launch a new Bitcoin mining venture called Convoy. Ocean said it will continue operating its transparent, non-custodial mining pool, which pays rewards directly to participating miners.

    The split comes weeks after Dashjr began a sabbatical from Ocean following the failure of BIP-110, a controversial proposal that sought to temporarily restrict the storage of non-financial data on the Bitcoin network.

    Bitcoin mining market faces pressure

    Dashjr’s departure comes as the Bitcoin mining industry remains concentrated and under financial pressure. Publicly traded mining companies have been reducing their Bitcoin hashrate while leasing sites and power capacity to artificial intelligence and high-performance computing operations.

    Despite those shifts, Foundry USA, AntPool and F2Pool continue to produce well over half of recent Bitcoin blocks.