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
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Explore four cloud mining platforms in 2026, including PowerAlgo, ECOS, NiceHash, and Hashing24. Learn how Bitcoin cloud mining works, its costs, and risks.
Bitcoin mining company UE Crypto says it raised $16 million in funding led by CMT Digital to expand its AI infrastructure, cloud computing and hardware services.
Tether is trying to make Bitcoin mining equipment easier to operate as one system. Its October 24 announcement brings 15 industry participants behind an open software framework, shifting the focus from buying more machines to making existing infrastructure work together.
TL;DR
Mining companies, hardware makers and pools have committed to integrations with Tether’s MDK.
The framework provides a common software interface for otherwise separate equipment.
A stable 1.0 release remains a target for the end of 2026.
The challenge is connecting a mixed mining fleet
Tether’s announcement names participants including Bitdeer, Bitmain, Canaan, MicroBT, Foundry and Block’s Proto. Their commitment is to build and maintain integrations. It is not a disclosed purchase order, a new Bitcoin reserve or evidence that every participating company has already converted its mining sites.
The MDK product description separates those integrations into equipment adapters, a core runtime and a gateway for applications. An operator could connect machines and supporting infrastructure through that common interface instead of building a completely different control system for each vendor.
Consider a site that changes cooling equipment while retaining its miners. Monitoring software should not need to be rebuilt from scratch merely because the hardware mix changes. Consistent interfaces can reduce that repeated engineering work, although the quality of each integration still determines how reliably an application behaves.
That concern is different from the capacity additions in NewsBTC’s reporting on Soluna and Bitdeer’s Texas expansion. More electrical capacity creates room to mine; operating software determines how effectively a complicated site uses the equipment connected to it.
Automation will need evidence beyond a participant list
The public documentation already offers a demonstration environment with mock hardware, a gateway and a dashboard. That gives developers a place to examine the design before connecting software to real equipment. Testing against simulated devices and controlling a live industrial site are materially different stages.
An automated controller can make a mistaken instruction faster than a person can. Useful deployments therefore need clear permissions, reliable measurements and a way to stop or override actions. An open interface makes those controls possible to inspect; it does not prove that any particular installation has implemented them well.
The economics also remain site-specific. NewsBTC’s coverage of recovering network hashrate and Bitdeer’s mining and AI operations illustrates the competing pressures operators face. Lower integration costs could help, but MDK has not supplied a universal figure for electricity savings or higher mining margins.
The useful milestones are maintained adapters, successful installations and measured operating improvements. Industry support gives the toolkit a broader starting point. Demonstrating dependable control across different sites is the work still ahead.
Written by the News Desk and edited by Samuel Rae.
Tether says 15 Bitcoin mining companies, including Bitmain and Canaan, will support its open-source MDK platform for equipment management and AI automation.
TL;DR: BlocksBridge reported Bitcoin’s seven-day hashrate above one zettahash in the week to October 22. Mining competition has recovered despite companies shifting some infrastructure toward AI.
A mining company can switch strategy without making Bitcoin mining any easier for the businesses that remain. New network data puts that distinction in focus.
In its October 22 Miner Weekly report, BlocksBridge Consulting said the network’s seven-day average hashrate had recovered above one zettahash per second, its highest level since March 3. One zettahash is equivalent to 1,000 exahashes per second.
The report also recorded a 5.92% increase in mining difficulty on October 16. Together, the figures show that announcements about individual operators leaving mining cannot be treated as a direct measure of network-wide competition.
A Mining Exit Does Not Necessarily Remove The Machines
BlocksBridge’s analysis separates a site’s future use from the fate of the equipment installed there. A facility can shift toward AI infrastructure while Bitcoin mining machines are sold or relocated, allowing them to contribute computing power elsewhere.
That distinction does not establish where every additional unit of hashrate came from. It does explain why corporate announcements and network data can point in different directions without contradicting each other.
For an operator that keeps mining, the relevant competitive field is the worldwide network. A rival’s strategic exit only reduces that field if the associated computing capacity actually disappears and is not offset by activity elsewhere.
The same caution applies to expansion plans. Announced capacity, installed machines and equipment actively submitting work are different stages. Only the last contributes to observed network performance.
Hashrate, Difficulty And Revenue Measure Different Things
A hashrate figure is an estimate of computational work, not a direct meter reading from every miner. Blockchain.com’s chart methodology explains that estimates use block production and difficulty; short periods can fluctuate because finding blocks involves randomness. A seven-day average helps smooth that noise.
That is why the time window matters. The reported one-zettahash milestone refers to a seven-day average through the October 22 report, not a guaranteed reading at every moment since then or a separate 30-day measure.
Mining difficulty is the protocol’s adjustment to the work required to find a block. The Bitcoin developer documentation describes a recalculation every 2,016 blocks, targeting roughly two weeks for that interval. Faster block production generally leads to a harder target for the next period.
Revenue is another question. More network computing power does not automatically mean more income for each machine. With other conditions unchanged, an operator supplying the same amount of work faces a smaller relative share when competing capacity expands.
Profitability also depends on the value of block rewards and fees, power costs and equipment efficiency. A rise in Bitcoin hashrate therefore cannot, by itself, establish whether a miner’s margins improved.
The rebound is evidence of renewed network competition over the reported period. Its commercial significance rests on who can supply that work economically, rather than on whether a prominent company has changed its strategy.
Written by the News Desk and edited by Samuel Rae.
Since November 2025, Bitcoin’s price movements have not inspired much confidence among investors. However, long-term investors still believe that this leading cryptocurrency will eventually return to its peak, especially after Bitcoin recently broke through the $84,000 mark. In the meantime,…
TL;DR: NIP Group has agreed to purchase already deployed Bitcoin mining machines with about 4.47 EH/s of hash rate, subject to closing and share consideration.
Esports and digital infrastructure company NIP Group is moving deeper into Bitcoin mining through an agreement to acquire machines representing roughly 4.47 exahash per second of computing power.
The company said the equipment is already installed and operating at hosting sites. That reduces the need to construct new facilities for this particular tranche, but the deal remains subject to closing. The announcement is an agreement to acquire capacity, not confirmation that all of it has already been transferred into NIP Group's ownership.
A bigger mining operation paid for in shares
NIP Group plans to issue up to 247,091,740 Class A ordinary shares as consideration for the equipment. Share-based acquisitions can preserve cash, although the number and value of shares issued affect existing investors through potential dilution.
If the third tranche closes as planned, the company projects a combined mining capacity of approximately 13.85 EH/s across its acquisitions. That scale would make mining a substantial operation alongside the business's entertainment and infrastructure activities.
Management estimates the resulting capacity could produce around 195 Bitcoin per month at full deployment. That number is a model, not a guaranteed yield from machines. It depends on global network hash rate, mining difficulty, equipment uptime, power prices and the company's realized share of block rewards.
An increase in raw computing capacity has value only if the associated economics make sense. Higher Bitcoin prices can improve a miner's revenue in dollar terms, but competition often follows. More hardware joining the network can raise difficulty and reduce the coins each individual machine earns.
The AI infrastructure argument
NIP is positioning computing infrastructure as a bridge between digital entertainment, Bitcoin mining and potential high-performance or AI applications. Those markets share an appetite for electrical power, technical maintenance and large equipment installations, yet the hardware requirements are not interchangeable in every case.
Purpose-built Bitcoin mining chips do not turn into general AI accelerators just because both operate in data centers. What may transfer between the businesses is operational knowledge, access to power and the ability to manage large physical installations.
Investors should therefore distinguish three different propositions: purchasing mining equipment, generating Bitcoin from it and successfully diversifying into other computing services.
For now, the disclosed milestone is a signed purchase agreement with quantified hash rate and planned stock consideration. Closing terms, actual monthly production and energy economics will determine whether the expansion strengthens the business.
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.
SHR Miner announces its 8th anniversary promotion, offering new-user bonuses, deposit rebates of up to 10%, referral rewards, and prizes for eligible users.
Addresses associated by on-chain analysts with miner MARA Holdings have sent approximately 1,000 BTC to Binance and Gate over five days, putting the company’s treasury movements back in focus.
TL;DR: Lookonchain-linked analysis values the transfers at about $82.8 million. Exchange deposits can precede selling, but the transfers do not establish that MARA sold the coins.
The timing comes during a difficult period for mining economics, with companies balancing Bitcoin holdings against operating costs and competing investment demands. MARA has previously been watched closely because of the size of its Bitcoin treasury and its willingness to use holdings as part of a broader financing strategy.
There is a common trap in interpreting these blockchain alerts. An analytics label may link an address to a corporation or mining operation, but an exchange-bound transaction is not the same as an executed spot sale. Coins can also be transferred for custody, collateral, trading inventory or other operational reasons. Determining the actual transaction purpose requires more than knowing the destination wallet.
The reported 1,000 BTC arrived at the exchanges over several days rather than through one single transfer on Monday morning. Treating the full amount as an immediate market sell order would therefore exaggerate both timing and certainty.
What matters next is whether MARA provides a treasury update, or whether more detailed on-chain evidence clarifies how the funds were used. Until then, the movement is significant enough to monitor but insufficient to conclude that another liquidation has taken place.
In a market quick to trade on wallet labels, that distinction is worth keeping.
Written by the News Desk and edited by Samuel Rae.
TL;DR: Sazmining is offering individual Proto immersion hashboards at $4,187 each, with financing and managed hosting. The arrangement lowers the upfront hardware purchase but does not remove Bitcoin mining‘s ongoing costs or profitability risk.
Buying into industrial Bitcoin mining usually means dealing with noisy equipment, electricity contracts and cooling infrastructure. A new offering built around Block’s Proto hardware takes a different approach: purchase a single hashboard and leave the hosting to someone else.
Sazmining lists Proto immersion hashboards configured for approximately 204 terahashes per second, with efficiency of roughly 15 joules per terahash. Three boards make up a full Proto Immersion Module, but customers can start with one.
The advertised hardware price is $4,187. Its financing option requires $1,397 upfront followed by 18 monthly payments of $155, at a stated 0% interest rate. A separate hosting and maintenance fee of $153 a month applies, covering power at the quoted service rate and operational support.
Those recurring charges are central to the economics. A lower entry price does not mean free mining, and the Bitcoin received depends on network difficulty, rewards, uptime, fees and the market price of BTC. A hashboard can be technically efficient and still produce disappointing returns for its owner.
For Block, the offer broadens the potential audience for its Proto equipment. For Sazmining, it packages industrial hardware into a managed service that customers can purchase in smaller units.
The appeal is convenience and modularity. The question for buyers is whether the projected mining revenue comfortably covers all the costs that continue after the hardware purchase.
TL;DR: Binance will discontinue its mining pool and related services at 07:00 UTC on November 10, 2026. Miners must redirect their machines before the shutdown to avoid an interruption in mining activity.
Bitcoin miners connected to Binance Pool have a firm deadline: November 10. The exchange announced on October 13 that its mining pool, along with a range of related products, will stop operating at 07:00 UTC on that date.
The closure is wider than the pool’s basic block-reward service. Binance says it is also withdrawing Pool Savings, Cloud Mining, its Transaction Accelerator and several supporting features, including mining pool APIs and hashrate alerts.
For miners, the practical step is straightforward but time-sensitive. Machines currently pointed at Binance’s mining endpoints will need to be reconfigured for another pool before the cutoff. After that time, new shares and hashrate submissions will no longer be accepted or credited by Binance Pool.
There is a financial housekeeping task, too. Binance has asked users to deal with active savings positions and ensure their accounts can receive any outstanding rewards or refunds. Eligible balances will be handled under the relevant product terms and compliance requirements, rather than disappearing automatically at the moment of shutdown.
Binance has described the move as part of an ongoing product review. It has not established in its closure notice that a specific hashrate decline caused the decision, so claims about the precise commercial reason should be treated cautiously.
The announcement does not mean Binance is shutting down its Bitcoin exchange or spot trading operation. It is an exit from one part of the mining-services business, with an immediate operational consequence for miners who still use it.
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.”
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
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Sazmining, Inc., 30 N Gould St #60011, Sheridan, WY 82801
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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.
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