While Western regulators debate the environmental impact of Proof-of-Work, the United Arab Emirates has quietly emerged as a global Bitcoin mining powerhouse.
In a stunning blow to global Bitcoin hash power, the parent company of BitRiver, once the dominant force in Russian crypto mining, officially entered bankruptcy monitoring on February 2, 2026.
The Bank of Russia has announced that it plans to regularly collect data on the activities of miners and mining infrastructure operators, starting in 2026, Coinidol.com reports.
It has been over a year since El Salvador became the first and so far only country to adopt Bitcoin as its second national currency. Now, President Nayib Bukele announced that the government will start buying the flagship cryptocurrency on a daily basis.
On June 30, South Korean tech giant Samsung announced new semiconductor chips that can potentially be employed for mining cryptocurrencies. According to the announcement, the new 3-nanometer process technology will enable 45% optimization of power usage.