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.
This move dramatically bridges traditional finance (TradFi) with the digital asset world by focusing on two key pillars: tokenized gold assets and Bitcoin mining infrastructure, as Coinidol.com reports.
Hong Kong-listed DL Holdings Group is diving headfirst into the Bitcoin mining sector with a $21.85 million convertible bond deal, according to the report by Coinidol.com.
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.