Bitmain, the Chinese manufacturer behind many of the world’s Bitcoin miners, has been under US national security scrutiny for potential espionage or sabotage risks, including in Trump family-backed ventures, though the company denies any wrongdoing.
American Bitcoin Corp. (Nasdaq: ABTC), a Bitcoin accumulation and infrastructure company, announced it has added 139 Bitcoin to its reserves since October 24.
IREN Limited (NASDAQ: IREN) and Cipher Mining Inc. (NASDAQ: CIFR) made major moves with Microsoft and Amazon, signaling their shift from Bitcoin mining to AI infrastructure.
A new bill proposed in the New York State Senate would impose heightened taxes on certain bitcoin mining companies, disincentivizing these companies from operating in the state.