Bitcoin Magazine

FutureBit Apollo Solo Miner Finds Bitcoin Block 973262, Earning 3.154 BTC

A miner operating through FutureBit’s Apollo Solo setup found Bitcoin block 973,262 earlier this week, collecting the full reward of 3.154 BTC plus fees from 2,477 transactions. Multiple explorers, including mempool.space, list the finder as “FutureBit Apollo Solo,” and the coinbase transaction includes text referencing FutureBit and Apollo.

FutureBit posted about the find on X: “Gradually, then suddenly. We (the people) hit a Bitcoin block today. Bitcoin belongs in the hands of sovereign individuals. And we’re building to keep it there.” The company stated that an Apollo device or Solo Node running its built-in solo pool assembled the block template, served the work, and submitted the completed block to the network. The public record does not identify the exact hardware or hashrate that produced the winning hash. It could have been an Apollo BTC, Apollo II, Apollo III, or other compatible machines pointed at a Solo Node, according to FutureBit’s account of the block. 

This marks at least the fourth block attributed to FutureBit Apollo Solo. Earlier ones include blocks 867,760, 881,423, and 888,737. FutureBit designs its Apollo hardware for operators who want to run a full Bitcoin node and mine independently at home rather than through large commercial pools. The most recent model, the Apollo III, is rated for up to 18 TH/s in turbo mode with an integrated full node. Bitcoin Magazine covered the Apollo III launch in February 2026 and previously examined FutureBit’s approach to home mining in a July 2025 piece.

Solo mining, is often called lottery mining because of the low odds relative to the size of the reward, remains uncommon against a network hashrate that has recently sat near 1,070–1,087 EH/s. A home-scale setup in the 10–18 TH/s range still faces expected times to a block measured in centuries under current difficulty, yet verified solo finds continue to appear on-chain. Bitcoin Magazine examined the mathematics of these odds in an article titled Why Bitcoin Lottery Mining Has Better Odds Than The Powerball. It compared continuous Bitcoin block attempts with the much lower frequency of major lottery draws.

Another solo block was found the following day via CKPool Solo,  illustrating that individual operators can still capture full rewards even as industrial pools produce the large majority of blocks. For users running FutureBit hardware, the company notes that the individual users control both the node and the solo pool, retaining the full reward when a block is found. Solo mining also has significant privacy benefits, and hardware and energy costs can be written off against taxes in some jurisdictions.

The October 26 block is one more validation that solo mining can be viable. Satoshi Nakamoto’s original Bitcoin design intended the full Bitcoin node to be able to mine blocks, not just validate and audit the blockchain. Improvements in hardware and mining optimizations later on led to the creation of mining pools, which created a very competitive and industrial mining sector. The secondary effects of industrial Bitcoin mining, such as reliable energy demand that can stabilize the grid, have been a boon for states like Texas. 

However, the dream of bringing mining back to homes and end users remains alive through companies like FutureBit, Bitaxe, and HeatBit, among others, that are converting heating appliances into Bitcoin miners or designing hardware of the sort for the home.

This post FutureBit Apollo Solo Miner Finds Bitcoin Block 973262, Earning 3.154 BTC first appeared on Bitcoin Magazine and is written by Juan Galt.

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Bitcoin Magazine

Luxor Announces $16M Funding Round to Scale AI Compute, Derivatives

AI hardware is sold out, and the companies that cut their teeth in Bitcoin mining are moving in. Luxor just raised $16 million in a round led by CMT Digital to scale its cloud platform, GPU hardware business and compute trading. Ethan Vera of Luxor and Sam Hallene of CMT Digital join BMTV to explain why Bitcoin mining expertise translates so well into AI compute.

Chapters:
00:00 Luxor Raises $16M to Take Bitcoin Mining Expertise Into AI
01:17 Why CMT Digital Backed the Luxor Team
02:54 What Bitcoin Mining Teaches AI Infrastructure
03:48 Luxor Cloud: Runners, Sandboxes and Code Review
04:51 Sandboxes for AI Agents
05:43 GPU Demand: Nvidia Sold Out for the Year
07:12 Compute Derivatives and Liquidity for AI Markets
08:12 Luxor’s Full-Stack Compute Ecosystem
10:24 Why Luxor Chose Strategic Investors
12:08 Bitcoin Mining Is Still a Core Pillar

#Bitcoin #BTC #BitcoinMining #Luxor #EthanVera #SamHallene #CMTDigital #AI #AICompute #AIInfrastructure #GPU #Nvidia #AIAgents #DataCenters #ComputeDerivatives #BitcoinMiners #Compute #EnergyGrid #BMTV #BitcoinMagazine

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Luxor Announces $16M Funding Round to Scale AI Compute, Derivatives first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme

New York Attorney General Letitia James is trying to secure a $1.37 billion judgment against the operators of NovaTech and its predecessor AWS Mining, two successive cryptocurrency investment schemes that allegedly defrauded hundreds of thousands of investors worldwide out of more than $1 billion.

Alleged founders Cynthia and Eddy Petion never appeared in court and, according to the AG’s office, fled the country.

“NovaTech and AWS Mining scammed thousands of vulnerable New Yorkers by telling them they were making a safe investment when in reality, they were victims of a pyramid scheme,” James said in a statement. “These scammers targeted immigrant and religious communities with the promise of a better life but instead robbed them of their life savings.”

The schemes, AWS Mining and later NovaTech, relied on promoters who recruited heavily in Haitian and other immigrant communities — through prayer groups, WhatsApp chats, and ads in Haitian Creole.

AWS Mining sold crypto mining contracts promising 15 to 20 percent monthly returns and 200 percent within 15 months. It collapsed in 2019. The Petions then launched NovaTech, marketed as a registered hedge fund broker, promising weekly trading returns of two to four percent — more than 140 percent a year.

Those returns were fabricated, according to prosecutors. Records from B2Broker, which supplied NovaTech’s white-label trading platform, show that of the more than $1 billion investors deposited between 2019 and 2023, only about $26 million was ever actually traded — and NovaTech’s traders lost $18.2 million of that. Returns to earlier investors came from newer deposits, not trading. When NovaTech collapsed in mid-2023, tens of thousands of investors could not withdraw their funds.

The AG is also seeking $134.5 million the Petions allegedly withdrew to their own wallets from the investor account Cynthia Petion solely controlled, plus $4.7 million tied to the earlier AWS Mining scheme. A default judgment entered in August 2025 already bars the couple and their companies from the securities, commodities, and cryptocurrency industries.

Separately, four of the scheme’s top promoters have agreed to pay nearly $6 million in disgorgement to victims and accepted the same industry bans.

This post NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Sazmining Now Sells Jack Dorsey’s Proto Immersion Hashboards 

Bitcoin mining just got a lower barrier to entry. 

Sazmining announced Thursday that it is now selling Proto’s immersion hashboards directly to individual and institutional buyers through its mining-as-a-service platform. Previously, the hardware was mostly in the hands of large-scale operators.

Each hashboard delivers roughly 200 TH at around 15 J/TH, and buyers own them outright while Sazmining handles deployment, monitoring and maintenance at a US facility. Mining rewards go straight to the owner’s wallet.

The move follows a multi-megawatt supply deal between Sazmining and Proto — the bitcoin mining arm of Jack Dorsey’s Block (NYSE: XYZ) — which both companies expect to expand as demand grows.

“Because of our aligned-incentive model, Sazmining only earns when we produce bitcoin for our clients,” said Kent Halliburton, CEO and co-founder of Sazmining. 

He also pitched mining as a form of bitcoin acquisition diversification: rather than paying the market price on the day of purchase, a miner’s costs are spread across the machine’s working life.

Wyoming-based Sazmining, founded in 2018, operates renewable-powered facilities across the US, Paraguay, and Norway. It says its fleet runs more than 20 percentage points ahead of the Bitcoin network’s carbon-free share.

Proto is Jack Dorsey’s Block’s bitcoin mining play. The Twitter founder has spent years arguing bitcoin is the foundation of “a more open financial system,” funding everything from Cash App’s buy-and-send rails to the Bitkey self-custody wallet, and he framed mining as the obvious missing piece back in 2021: “Bitcoin mining should be as easy as plugging a rig into a power source.” 

Block formally announced it was building an open bitcoin mining system in January 2022, with the stated aim of making mining “more distributed and efficient.”

This post Sazmining Now Sells Jack Dorsey’s Proto Immersion Hashboards  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Sazmining Brings Proto’s Immersion Hashboards to Individual Owners, With 0% Financing From $1,397 Down

SHERIDAN, Wyo. — October 16th, 2026 — Sazmining today began offering Proto immersion  hashboards to individual and institutional buyers through its mining-as-a-service platform. The  launch brings Proto’s immersion systems, until now deployed by large operators, to anyone who  wants to own competitive hashrate, starting at $1,397 with 0% financing over 18 months. 

Proto, Block’s (NYSE: XYZ) suite of bitcoin mining products and services, designs its immersion  mining hardware for efficiency, durability, and long-term performance. Customers purchase Proto  immersion hashboards, each configured to deliver roughly 200 TH at about 15 J/TH, and own  them outright. Sazmining provides and operates at a facility in the United States, managing the  deployment, monitoring, and maintenance of the hardware. Buying at the hashboard level rather  than the full system lowers the entry point without changing what customers own. Owners receive  the bitcoin their rigs produce directly in their own wallets and pay one all-in rate for power and  maintenance. 

The launch follows a multi-megawatt supply relationship between Sazmining and Proto, which  both companies intend to expand as demand grows. “Because of our aligned-incentive model,  Sazmining only earns when we produce bitcoin for our clients. That’s how Sazmining was built  from day one, and it’s why we seek out the best available mining systems,” said Kent Halliburton,  CEO and Co-Founder of Sazmining. “Proto’s hardware is built to last, and durability means more  uptime hashing for the people who own them. This puts hashboards within reach of owners who  would have otherwise needed to buy a full system, and we expect the relationship to grow with  demand.” 

“Mining is also a fundamentally different way to acquire bitcoin,” Halliburton added. “The coins 

Your rigs produce arrive in your own wallet, with no exchange, no order book, and no counterparty holding them on your behalf. And because a miner pays for rigs and power rather than the market  price on the day of purchase, mining diversifies how you acquire bitcoin: your cost is spread across the machine’s working life instead of dollar cost averaging through purchases. Nobody can quantify that in advance, which is why we describe it as diversification rather than a promise. Mined bitcoin belongs alongside bought bitcoin in any serious acquisition plan.” 

Sazmining is offering 0% financing over 18 months on Proto immersion hashboards purchased  through its platform, with the option to pay by either card or bitcoin/USDT/USDC for a discount.  Hashboards are covered by a one-year Proto warranty. Pricing, terms, and applicable sales tax  are shown at checkout.  

Sazmining’s fleet runs more than 20 points ahead of the Bitcoin network’s carbon-free share, part of the company’s standing commitment to renewable-powered, professionally operated mining. 

Proto immersion hashboards are available to order at sazmining.com starting today, with systems energizing between November and December 2026. Customers can order directly or book a consultation with a Bitcoin Strategy Advisor at sazmining.com. 

About Sazmining 

Sazmining is the Airbnb of Bitcoin mining. Customers own the mining rigs; Sazmining operates  and maintains them in professional, renewable-powered data centers, and owners receive the  bitcoin their machines produce directly in their own wallets. Founded in 2018, Sazmining operates  facilities across the United States, Paraguay, and Norway and serves individual and institutional owners worldwide. Sazmining, Inc. is headquartered in Wyoming. Learn more at sazmining.com. 

Media Contact 

Sazmining Media Relations 

press@sazmining.com 

Sazmining, Inc., 30 N Gould St #60011, Sheridan, WY 82801 

sazmining.com

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Disclaimer: This is a sponsored press release. Readers are encouraged to perform their own due diligence before acting on any information presented in this article.

This post Sazmining Brings Proto’s Immersion Hashboards to Individual Owners, With 0% Financing From $1,397 Down first appeared on Bitcoin Magazine and is written by Bitcoin Magazine.

Bitcoin Magazine

VanEck’s Matthew Sigel: Path to $500k BTC Runs Through Gold

Bitcoin miners with power contracts may own one of the scarcest assets in the AI economy. Matthew Sigel, head of digital assets research at VanEck, explains why AI changed the value of mining energy contracts, how 10 to 20 year leases with investment-grade counterparties changed miners’ correlation with Bitcoin, and why he sees an “underappreciated optionality.”

Chapters:
0:00 Macro Backdrop and VanEck’s Ten-Year View on Bitcoin
1:22 Seller Exhaustion, Buying Dips, and the Macro Bear Cases
3:12 Why Bitcoin Miners Own a Scarce AI Asset: Power
5:01 Gold vs. Bitcoin: Sizing and Portfolio Roles
6:46 Bitcoin, the Dollar, and the Bitcoin-to-Gold Ratio
8:26 Quantum Computing: A Real Risk, Not a Reason to Sell
10:11 Why Bitcoin Doesn’t Need More Regulation
12:56 Inflation, Fiscal Dominance, and Bitcoin as a Hedge
14:35 Is the Bottom In? Price Targets and Bitcoin Adoption
15:16 Half of Gold’s Market Cap as Bitcoin’s North Star

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post VanEck’s Matthew Sigel: Path to $500k BTC Runs Through Gold first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

Frank Holmes: They Will Print $100 Trillion – Why to Buy Bitcoin & Gold

Bitcoin miners already have the power, the land, and the substations that AI needs. Frank Holmes, executive chairman of HIVE Digital Technologies, explains why he calls Bitcoin mining a “tier one” data center, how GPUs that once mined Ethereum led HIVE into AI, and why he thinks the next wave of AI factories will be built on mining infrastructure from Paraguay to Canada.

Chapters:
0:00 Frank Holmes on HIVE: From Gold Investor to Bitcoin Miner to AI Compute
2:12 How ETFs Changed Bitcoin: From the Fear Trade to the Love Trade
4:20 The Binance $19 Billion Liquidation and the $350 Trillion Money Supply
5:45 Gamers, Younger Quants, and Why Bitcoin Will Keep Gaining Adoption
7:29 Covid’s $40 Trillion of Money Printing and the Global MMT Risk
9:24 China, Russia, and Why Bitcoin Is a Tier One Data Center
11:33 China’s Bitcoin Mining, $1.4 Trillion of Lending, and Central Banks Buying Gold
13:44 Paraguay’s Central Bank and Bitcoin Mining as an Export
14:57 Compute as a Commodity: Canada’s AI Push and Bitcoin Miners’ Power Advantage
20:34 Where to Find Frank Holmes’s Weekly Investor Alert Newsletter

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Frank Holmes: They Will Print $100 Trillion – Why to Buy Bitcoin & Gold first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

Sazmining Launches the Wild Sats Club, a Loyalty Program That Discounts Mining Management Fees as Customer Hashrate Grows

Most mining customers pay the same management fee whether they run a quarter of a petahash or twenty-five. The Wild Sats Club ties that fee to the hashrate a customer already runs with Sazmining, and applies the lower rate across their entire fleet, not just to newly purchased machines.

The Phase 1 discount starts at 1.0 PH with a 1% management fee discount, rising to 3% from 2.5 PH and 6% from 5.0 PH, with the tier recalculated every month. A customer activates once with a qualifying purchase from Sazmining that meets the hashrate to activate: 0.25 PH for Bronze, 0.50 PH for Silver, or 1.0 PH for Gold, in a single order or in orders within a 30 day period. New, pre-owned, and refurbished rigs purchased from Sazmining can qualify. Full terms are at https://www.sazmining.com/wildsatsclub/terms

Customers who make a qualifying purchase during the founding-member window, September 1 to December 31, 2026, activate at their full earned tier, with the lower fee starting on their first monthly recalculation after their new hardware is energized. Every benefit at launch is a management fee discount, never cash or transferable value.

“Mining customers have been asked to accept the same fee whether they run a quarter of a petahash or twenty-five,” said Kent Halliburton, CEO and Co-Founder of Sazmining. “This program fixes that. As a customer’s hashrate grows, their cost of having us run it comes down, and it comes down on everything they already own. We are building long-term relationships with our clients, not one-off transactions, which means advising them on what fleet growth can realistically look like against the goals they are actually trying to reach. We expect this program to appeal in particular to the family offices that want Bitcoin exposure with the depreciation benefits of owning the equipment, real estate investors looking to diversify, and the customers who are simply growing one rig at a time. We are looking forward to adapting and evolving the program so that Sazmining customers keep getting the very best product we can build.”

The program is built to keep opening up as customers grow with Sazmining. Further member benefits will be announced as each becomes available.

To learn more about the Wild Sats Club, visit the program page, or book a consultation with one of Sazmining’s Bitcoin Strategy Advisors here. 

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Disclaimer: This is a sponsored press release. Readers are encouraged to perform their own due diligence before acting on any information presented in this article.

This post Sazmining Launches the Wild Sats Club, a Loyalty Program That Discounts Mining Management Fees as Customer Hashrate Grows first appeared on Bitcoin Magazine and is written by Bitcoin Magazine.