Bitcoin mining firm Hut 8 significantly expanded its operational capacity in Q1 2025, reporting a 79% increase in hashrate. Despite this milestone, the company posted a net loss of $134.3 million on revenue of $21.8 million, according to its latest earnings report released on May 8 . CEO Asher Genoot described the quarter as a “deliberate and necessary phase of investment,” emphasizing that the financial downturn reflects heavy upfront spending aimed at future growth. “We believe the returns on this work will become increasingly visible in the quarters ahead,” Genoot stated. Hut 8 Manages 1,020 MW in Power, Eyes 2,600 MW Expansion As of March 31, Hut 8 managed 1,020 megawatts of energy capacity, with rights to scale by another 2,600 MW. Key investments included a major upgrade to the firm’s ASIC fleet and the launch of American Bitcoin, a new majority-owned subsidiary backed by members of Donald Trump’s family. The subsidiary is positioning itself to become one of the world’s largest and most efficient pure-play Bitcoin miners while maintaining a strategic BTC reserve. Hut 8’s leadership noted that American Bitcoin may seek to raise additional capital through an IPO and will serve as a capital-efficient platform for expanding into high-performance computing. “The streamlined capital allocation framework made possible by the American Bitcoin launch reinforces our ability to scale lower-cost-of-capital businesses,” Genoot added. Today we announced our results for Q1 2025, a period of deliberate investment designed to unlock the potential of our development flywheel. Highlights – Deployed our upgraded ASIC fleet to end the quarter with 9.3 EH/s at approximately 20 J/TH – Launched @AmericanBTC to… pic.twitter.com/JoEbWIuMhd — Hut 8 (@Hut8Corp) May 8, 2025 Looking ahead, the company remains focused on several infrastructure initiatives, including energizing the Vega data center, beginning work on the River Bend facility, and advancing utility-scale power development. Genoot believes these steps will help Hut 8 generate near-term cash flow while laying the groundwork for long-term leadership in digital infrastructure. Hut 8 shares were trading at $12.66 on Nasdaq after a modest 2.2% gain on the day, though the stock remains down over 38% year-to-date. The update comes shortly after rival Core Scientific posted a $580 million quarterly profit, despite missing revenue estimates due to declining mining margins. Bitcoin Mining’s Sustainable Energy Usage Rises to 52% A recent study from Cambridge University shows that sustainable energy now powers 52.4% of Bitcoin mining , a significant increase from 37.6% reported in 2022. According to the report, 42.6% of Bitcoin mining’s sustainable energy comes from renewables like wind and hydropower, while 9.8% is sourced from nuclear energy. Natural gas has now overtaken coal as the largest energy contributor to Bitcoin mining, with usage rising to 38.2%, compared to 25% in 2022. Coal’s share, meanwhile, has fallen sharply to 8.9% from 36.6%. The United States became a global leader in Bitcoin mining following China’s 2021 crackdown on the crypto industry. With cheap electricity and strong capital markets, American mining firms quickly gained dominance, and the election of pro-crypto President Donald Trump initially fueled optimism for continued growth. The post Crypto Miner Hut 8 Boosts Hashrate 79% in Q1 Despite $134M Net Loss appeared first on Cryptonews .
The post $100k Just The Beginning For Bitcoin? appeared first on Coinpedia Fintech News Bitcoin is showing bullish signs as it climbs back above the important $100k mark. Trade tensions are easing slowly and altcoins are also starting to rise. With the market sentiment improving, many are wondering how high Bitcoin can go from here. Bitcoin’s impressive surge back to $100,000 is a big win, especially since it was hovering around $74,000 just last month. This rebound shows that Bitcoin might be gearing up to hit even higher targets, like $109,000. Altcoins haven’t recovered so strongly yet, still far behind their 2024 highs. Bitcoin’s Bull Cycle Just Getting Started? Analyst Rekt Capital pointed out something interesting about Bitcoin cycles. In 2017, Bitcoin had 4 “Price Discovery Corrections” before reaching its peak, and in 2021, it had 3. In the current cycle, Bitcoin has just finished its first one, which could mean that we are still in the early stages, and a bigger rally could be coming soon. The crypto market saw over $925 million in liquidations in the last 24 hours, with $800 million of that being from short positions, the biggest short squeeze since 2021. There are still big sell orders near Bitcoin’s all-time high of $109,500, which shows that the rally could continue longer. Moving averages and MACD still show strong support, and the upward trend could keep going. Bitcoin’s recent bull flag pattern also indicates potential for more gains ahead. The Fear and Greed Index has also moved to greed, with increased buying activity and interest. Bitcoin’s Next Targets: $106K, $170K, or $200K? Crypto analyst AlphaBTC pointed out that Bitcoin is trading within an ascending channel and its next target could be $106,000 or higher before it undergoes any correction. Analyst Egrag Crypto thinks that if Bitcoin breaks $109K, it could reach $170K by the end of the year. Binance’s Changpeng Zhao is even more optimistic, predicting Bitcoin could hit between $500,000 and $1 million in this bull cycle.
On May 9th, **Gate.io** disclosed its latest Reserves Report, revealing a total reserves value of **$10.865 billion** as of May 8th. This impressive figure corresponds to a **total reserve ratio**
Introduction: Love should be expressed with heart, and it should be increased with actions Mother’s Day is the best time to convey love and gratitude to your mother, but a truly thoughtful gift should not be just a short-term surprise, but a continuation of the value of long-term companionship. This year, RichMiner launched an exclusive Mother’s Day investment contract to give back to motherly love with “double gifts” – you can enjoy double bonuses by investing, so that your love can be turned into continuously growing wealth and become the most solid guardian of your mother’s years. Why choose RichMiner’s Mother’s Day Double Gift Contract? Double benefits, love and income doubled Basic income + bonus: During the event, you can get additional cash rewards (up to 58 US dollars) by investing in designated contracts, which will be directly deposited into your account and can be withdrawn at any time. It only takes three simple steps to start your cloud mining journey: Create an account with an email address to get a $15 reward and start your cloud mining journey. Choose a cloud mining package: Choose a suitable cloud mining contract based on your budget and expected returns. [Mother’s Day exclusive contract]: Investment amount: $600, potential total net profit: $600 + $43.2 + additional bonus $18. [Mother’s Day Exclusive Contract]: Investment amount: $1,500, potential total net profit: $1,500 + $234 + additional bonus $58. [Smart Contract]: Investment amount: $5,800, potential total net profit: $5,800 + $2,189.5. [Classic Contract]: Investment amount: $15,600, potential total net profit: $15,600 + $11,334.96. For more contract information, please visit the company’s official website: https://richminer.com Waiting for income: You can get income the next day after purchasing the contract. When the account funds reach $100, you can choose to withdraw to your wallet or continue to purchase other contracts. (Supports daily withdrawals from mainstream wallets (such as USDT-TRC20, BTC, ETH, LTC, USDC, BNB, XRP, USDT-ERC20, BCH, DOGE, SOL (Solana), etc.)) Advantages of Rich Miner Cloud Mining: Rich Miner uses energy generation, using free and recyclable electricity provided by nature (wind, water, solar, etc.) to provide miners with a stable power supply. Rich Miner uses the latest ASIC miners and GPU equipment, and has rich experience and leading mining technology in cloud mining operations. Most of Rich Miner’s funds are securely stored in offline cold wallets. Strong security measures such as McAfee® SECURE protection and Cloudflare® SECURE protection are adopted. Rich Miner’s mining team is composed of blockchain industry professionals and IT engineers, ensuring that the team has the knowledge and skills required to meet user needs. Rich Miner does not require hardware. The team provides computing power, and the platform is responsible for mining. Users only need to purchase contracts to enjoy generous returns. Rich Miner’s professional customer service team provides 24×7 hours online service to answer any questions of customers. Conclusion Time will take away flowers and candlelight, but love and care can transcend time. This Mother’s Day, use RichMiner’s “heart contract” to save a gift for your mother that will increase in value forever – it is not only a steady growth of wealth protection, but also a unique emotional imprint. The warmth of the customized gift box, the romance of doubling the income, and the whispers of the time capsule are all speaking for you. The deep “love”. Limited time opening, long-lasting love. Customize your exclusive heart for your mother now: www.richminer.com May every mother’s love be gently returned by the years. RichMiner, let wealth and love grow together. Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post A time to express gratitude for motherly love! RichMiner’s Mother’s Day exclusive contract offers double gifts, giving back your love with double the heart appeared first on Times Tabloid .
Crypto market experiences a significant surge with notable gains in Bitcoin and Ethereum. Altcoin market witnesses rapid growth, leading to record-breaking short position liquidations. Continue Reading: Crypto Market Surges as Bitcoin and Ethereum Break Key Levels The post Crypto Market Surges as Bitcoin and Ethereum Break Key Levels appeared first on COINTURK NEWS .
Over the past 24-hour period, XRP broke past $2.30 as it benefited from regulatory certainty, growing institutional capital, and whale accumulation. Yeti Ouro , meanwhile, just initiated Stage 4 of its presale for $0.041, with plans for a billion tokens and the development of a Play-to-Earn game. Experts expect an upcoming $3 XRP breakout and a $10 target for Yeti Ouro within December. XRP Price Prediction: gradual, consistent gains towards the $3 target XRP price is quoted at $2.30, higher by 5.17 % over the past 24 hours on $4.84 billion of trade. Chartists observe that the price broke above the $2.26 resistance and is heading towards $2.52, while the longer-term chart indicates the next critical pivot point at $2.21—an area that would clear the path to $3. Essentially, Ripple’s partial victory over the US SEC is more important than ever: a $75 million settlement returned to Ripple last evening removes multi-year legal overhang and adjudicates XRP as an officially sanctioned commodity. Regulatory clarity is drawing in institutions: XRP-linked ETPs have seen $37.7 million of inflows in Q1 and $214 million year-to-date, and CME’s imminent futures launch is lending additional validity. On-chain metrics reflect that environment. Whale wallets have been net purchasers all week , and derivatives open interest is higher by 69%, with retail sentiment shifting toward bull ahead of the May 9–11 window. Even conservative analysts admit yesterday’s $1.91 average forecasted price (range $1.64-$2.18) offers solid support for the current rally. Combined, regulatory certainty, increasing derivatives depth, and ETP demand make an incremental grind towards $3—about 30 % above today’s spot—more credible than speculative. YETIO: A $0.041 presale with double-digit aspirations And while XRP edges higher, YETIO is out of the starting gates. Solid Proof-certified , the morning’s project dashboard indicates Stage 4 pricing stands at $0.041, with 237 million tokens sold and slightly more than $4 million so far in take. A one billion token hard cap keeps fully diluted valuation in check, even when YETIO dashes $10. What’s noteworthy, though, is that the website already reflects a next-stage price of $0.066, which suggests a 60% step-up embedded in the roadmap, and indicates management’s confidence in demand. Utility over hype is the selling point: Yeti Go, an Unreal-Engine-5 game, offers Play-to-Earn features, token burns in-game, and fees on tournaments which can fund real volume of transactions when released. Community building is also in progress; the project’s “ YETI CAST ” content series debuted yesterday on X (Twitter), continuing to involve early investors and an expanding audience outside of strict meme-coin channels. From the valuation perspective, a rise from $0.041 to $10 certainly seems great—but mathematically possible if liquidity upon listing begins around $0.10-$0.15 and daily active players drive real demand. Fully diluted cap at $10 would be high, but not untested for GameFi giants, with circulating supply likely to be fractional with unlock calendars and token burns in play. With just 10.9 % of Stage 4 achieved to date, the upside story still has plenty of runway with each tranche priced higher. Why might the divergence converge? Both YETIO and XRP enjoy an increased appetite for risk fueled partly by the Fed’s policy pause and greater retail activity. YETIO offers high-risk, high-reward opportunities, whereas XRP offers security and possible ETF advantages. Important risks are regulatory adjustments, execution issues, and liquidity issues. Key Takeaway The past two trading sessions’ data present the picture of cautious optimism for Ripple, with $3 representing an achievable target in the short term. YETIO’s tokenomics, quick fund-raise, and transparent utility narrative present quite a different—but equally tantalizing—high-risk/high-reward route towards double-digit pricing. For risk-portfolio builders, combining a slow-burn blue chip in the form of XRP with a moon-shot in the form of YETIO may represent an equilibrium method for capturing both more stable compounding and outsized call prospects as the crypto cycle plays out in 2025. Join the Yeti Ouro Community Website: https://yetiouro.io/ X (Formerly Twitter): https://x.com/yetiouro Telegram: https://t.me/yetiouroofficial Discord: https://discord.gg/YtUsEZ2ZrV
CryptoQuant CEO Ki Young Ju, who had previously argued that the Bitcoin (BTC) bull cycle was over, admitted to the BTC prediction error. In a lengthy post from her X account, Ki Young Ju admitted that her previous prediction about Bitcoin was wrong. CryptoQuant CEO has withdrawn his previous bearish outlook for Bitcoin, stating that large-scale capital inflows via ETFs have changed the market trend. “I said two months ago that the bull market was over, but that prediction was wrong. Selling pressure on Bitcoin is easing and large-scale capital is flowing into the market via ETFs.” Stating that the market is still much more complex, the famous CEO stated that he still sees the market as stagnant, stuck between bull and bear signals and slowly absorbing new liquidity. He noted that the current market has become more diverse than its predecessors, moving beyond old whales, miners, and retail investors to include ETFs, Strategy, institutions, and government agencies. Gone are the traditional profit cycles driven by whale sales at peaks, Ju said, and instead, cycles driven by institutions and ETFs are taking place. Ju emphasized that at this point, new liquidity from institutions and ETFs could offset even large whale sales. Stating that it is still too early to say anything clear, the CryptoQuant CEO said that Bitcoin and the market are neither clear bulls nor bears. Although the last price trend is bullish, he thinks that there may be profit taking after the rise and a pullback may occur. “To be honest, I still think the market is in a slump as it absorbs new liquidity. Most indicators are hanging in the balance. It doesn't feel like a clear bull or bear market right now. Sure, the recent price action has been extremely bullish, but I'm talking about a profit-taking cycle.” Two months ago, I said the bull cycle was over, but I was wrong. #Bitcoin selling pressure is easing, and massive inflows are coming through ETFs. In the past, the Bitcoin market was pretty simple. The main players were old whales, miners, and new retail investors, basically… pic.twitter.com/oN4n6vNc0s — Ki Young Ju (@ki_young_ju) May 9, 2025 *This is not investment advice. Continue Reading: What's the Latest Situation in Bitcoin: Bear or Bull? "The Bull Is Over, CryptoQuant CEO Responded!"
XRP's efficiency is increasing following market's enormous surge
American fast food chain Steak ‘n Shake has announced that it will begin accepting Bitcoin as a payment method at all of its locations across the United States starting May 16. The company made the announcement on May 9 via X , signaling its official embrace of cryptocurrency with the message: “The movement is just beginning,” and signing off playfully as “Steaktoshi.” The move comes after weeks of anticipation sparked by a March post from the company asking its followers, “Should Steak ‘n Shake accept Bitcoin?” Jack Dorsey Backs Steak ‘n Shake’s Bitcoin Move With Enthusiastic “Yes” The tweet quickly gained traction in the crypto community, receiving an enthusiastic “yes” from notable Bitcoin advocate and Twitter co-founder Jack Dorsey. Since then, the chain has ramped up its Bitcoin-themed marketing, teasing the rollout with Tesla giveaways and cryptic social media content aimed at building hype. With this nationwide rollout, Steak ‘n Shake becomes one of the few restaurant chains in the U.S. to move from crypto trial phases to full-scale adoption. The company says the option will be available to more than 100 million customers nationwide. Steak ‘n Shake now joins a growing list of fast food brands dipping into digital assets. Chipotle began accepting around 100 cryptocurrencies through Flexa in 2022, including Bitcoin, Ether, and Solana. Subway has explored crypto payments since 2013, and McDonald’s accepts Bitcoin in Lugano, Switzerland. Even KFC and Burger King have trialed crypto initiatives in various markets, while Pizza Hut accepts BTC in El Salvador, where it is legal tender. Steak n Shake accepting Bitcoin payments at all locations starting May 16, making the cryptocurrency available to our more than 100 million customers. The movement is just beginning…. —Steaktoshi pic.twitter.com/1SGMifDZep — Steak 'n Shake (@SteaknShake) May 9, 2025 The relationship between Bitcoin and fast food stretches back to its earliest days. The first documented use of Bitcoin was in 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas—an event that would later be immortalized as “Bitcoin Pizza Day.” Today, Steak ‘n Shake is carrying that legacy forward with a modern twist. Payments Companies Push into Crypto Last month, crypto payments platform Mesh unveiled its Apple Pay integration , which allows merchants partnered with Mesh to accept crypto payments via Apple Pay. Mesh’s partnership with Apple Pay came as payments companies continue to expand into digital assets. More recently, global payments giant Stripe said it is developing a U.S. dollar-backed stablecoin aimed at companies operating outside the United States, United Kingdom, and Europe. The announcement came after Stripe’s regulatory approval to acquire Bridge, a stablecoin payments network designed to rival traditional banking systems and SWIFT-based transfers. Last month, Jack Dorsey, former Twitter CEO and outspoken Bitcoin advocate, publicly urged Signal Messenger to integrate Bitcoin for peer-to-peer (P2P) payments. Dorsey’s call was echoed by David Marcus, former president of PayPal and current CEO of Lightspark, who stated that “all non-transactional apps should connect to Bitcoin.” In April, Singapore-based payments company Triple-A announced plans to integrate PayPal’s stablecoin into its list of supported tokens for customer payments. Even companies like PayPal have entered the space , launching their own stablecoins and offering yield incentives to holders. The post American Fast Food Chain Steak ‘n Shake to Accept Bitcoin Payments Nationwide appeared first on Cryptonews .
Pi Network has surged to become the 6th top social app in Finland, driven by its innovative blockchain model and strong community engagement. The anticipation around a significant announcement from