Petrobras is harnessing flared gas from oil extraction to power its Bitcoin mining operations, aiming to enhance energy efficiency and reduce carbon emissions. Collaborating with research institutions, the initiative seeks to transform waste gas into a profitable resource while exploring blockchain technology applications. If successful, this project could set a precedent for other energy companies and bolster Brazil’s reputation in sustainable crypto adoption.
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News from ETH
Generated 0 posts last week Ethiopia relaunches stock exchange to attract investors and boost economy
Ethiopia has relaunched its stock exchange after a 50-year hiatus, marking a significant milestone in its economic landscape. Prime Minister Abiy Ahmed emphasized the potential for investment in the fast-growing economy, with Wegagen Bank becoming the first listed company. The exchange features a 75% allocation for private investors and aims to attract foreign direct investment, despite ongoing security challenges in the country.
read moreNational Day of Mourning for Former President Jimmy Carter
Former President Jimmy Carter passed away on December 29, 2024, at the age of 100, marking a National Day of Mourning on January 9, 2025. Flags are flown at half-staff in his honor, and federal offices, including the Supreme Court, will be closed that day. A national funeral service is scheduled at the Washington National Cathedral, attended by all living former presidents.
read moreEthiopia Launches New Stock Exchange to Attract Investors
Ethiopia is set to launch its stock exchange after a 50-year hiatus, aiming to attract investors amid ongoing regional challenges. Ethiopia Investment Holdings plans to raise up to 30 billion birr ($234 million) through an initial public offering of shares in Ethio Telecom, marking the exchange’s debut. The government also intends to list additional state-run companies in the future.
read moreSeven Seas Coffee Roasters Expands to Solana Beach with Unique Offerings
Eric Dobbs opened the third location of Seven Seas Coffee Roasters in Solana Beach in summer 2023, expanding his nautical-themed coffee brand that began at farmers markets. Known for specialty organic coffee sourced globally, the café also offers unique ice cream flavors and a welcoming atmosphere in the Cedros Design District. Community support has been pivotal to its success, with a focus on quality and creativity in both coffee and seasonal drinks.
read moreBitFuFu Signs Two-Year Agreement with Bitmain for 80000 Mining Rigs
BitFuFu has secured a two-year agreement with Bitmain to acquire up to 80,000 S-series Bitcoin mining rigs, including the latest S21 XP and S21 Pro models. This strategic partnership aims to enhance BitFuFu’s self-mining and cloud mining operations, targeting an additional 1 GW of capacity by 2026. The deal allows for flexible payments, including part in shares and deferred cash payments, ensuring liquidity while supporting growth.
read moreU.S. Bitcoin Hashrate Surpasses 40 Percent Led by Foundry USA
The U.S. now accounts for over 40% of Bitcoin’s global hashrate, with Foundry USA leading the mining pool sector. Texas, contributing more than 28% of the U.S. hashrate, has become a hub for sustainable Bitcoin mining, leveraging renewable energy sources. This shift follows the migration of miners from regions with regulatory uncertainty, raising concerns about the potential impact on the decentralization of the Bitcoin network.
read moreBitFuFu Expands Mining Capacity with Major BITMAIN Agreement
BitFuFu has signed a two-year agreement with BITMAIN to purchase up to 80,000 S-series Bitcoin mining machines, enhancing its global hosting capacity beyond 600 MW. The Ethiopian facility, equipped with advanced miners, aims to significantly reduce Bitcoin mining costs and increase operational presence, targeting one gigawatt of capacity by 2026. This innovative financial strategy allows for flexible payment terms, emphasizing cash flow management while pursuing ambitious growth.
read moreBitFuFu Shares Surge After Major Miner Agreement with Bitmain
BitFuFu’s shares surged 13% to $5.60 following a two-year agreement with Bitmain to purchase up to 80,000 Bitcoin miners, including the advanced S21 XP and S21 Pro models. This partnership aims to enhance BitFuFu’s mining infrastructure, targeting an additional 1 gigawatt capacity by 2026. The firm currently manages 26.2 EH/s hashrate and operates 17 mining farms globally, with a recent acquisition of an 80-megawatt facility in Ethiopia to diversify its operations.
read moreTrump’s Vision for US Bitcoin Mining Faces Significant Challenges
Trump’s call for all remaining Bitcoin to be mined in the US faces significant hurdles, as experts highlight global competition and Bitcoin’s decentralized nature. Currently, US miners account for less than 50% of Bitcoin’s computational power, with countries like China and Russia leading due to lower energy costs and regulatory advantages. As 95% of Bitcoin’s total supply has already been mined, controlling future production remains a complex challenge.
read moreEthiopia Boosts Revenue with Bitcoin Mining from Grand Renaissance Dam
Ethiopia’s Grand Renaissance Dam is transforming excess hydroelectric power into a lucrative source for Bitcoin mining, contributing 18% to Ethiopian Electric Power’s revenue. With competitive electricity tariffs attracting international miners, the country has secured deals with 25 BTC mining businesses, generating tens of millions in income. This shift not only boosts the economy but also supports renewable energy initiatives across Africa, highlighting the potential of sustainable energy in driving economic growth.
read moreNexus Decentralized Supercomputer Testnet Attracts Over 1.5 Million Nodes
Nexus’ decentralized supercomputer testnet attracted over 1.5 million nodes from 187 countries in just five days, demonstrating significant global interest. The testnet, which ran from December 9 to 13, featured around 800,000 web nodes and 700,000 command-line interface nodes, with mobile devices generating 37% of the traffic. CEO Daniel Marin emphasized the need for trust-driven innovations in blockchain and AI while acknowledging the company’s selective control over the programs supported by the network.
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