Wu Says April Mining News: U.S. Government Accelerates Bitcoin Mining, Pakistani Government Uses Surplus Electricity for Mining, Tether Supports Decentralized Mining Pools, and More

Eric Trump, the second son of former U.S. President Donald Trump, has partnered with mining company Hut 8 Mining to establish a Bitcoin mining firm called American Bitcoin, which plans to go public in the future and seek additional private financing. The company is also collaborating with Chinese mining equipment manufacturer Bitmain to expand the deployment and operational capabilities of related devices.

Bitcoin-listed mining company MARA mined 829 $BTC in March 2025, with a daily average output increasing by 6% month-over-month, holding 47,531 BTC.

Irkutsk Region plans to implement a year-round ban on cryptocurrency mining starting in April, lasting until March 15, 2031, to support socio-economic projects.

Cango sold its China automotive finance business for 352 million USD and is transitioning to Bitcoin mining, mining 530 $BTC in March and holding 2,475 BTC.

Hut 8 mined 88 $BTC in March, holds 10,264 $BTC, has a hash rate of 9.3 EH/s, and has divested ASIC miners to American Bitcoin.

U.S. miners are accelerating the import of mining machines to avoid tariffs, importing over 860 million USD worth of mining equipment in Q1 2025, with prices expected to rise by 22%-36%.

Bitdeer acquired an Ethiopian mining company for 7.50 million USD, plans to build a 50-megawatt mining farm with electricity priced at 0.036 USD/kWh, scheduled to operate in Q4.

Pakistan is using surplus electricity for Bitcoin mining and AI data centers, selecting locations based on power surplus areas.

Arizona passed the Bitcoin Mining Rights Act to protect miners from bans.

The U.S. Senate proposed the Clean Cloud Act, imposing fees on high-emission data centers and mining facilities, targeting an 11% annual emission reduction.

Luxor Technology's Business Director stated that mining is transitioning towards AI power infrastructure, with Bitcoin mining serving as a stepping stone into AI and other industries.

Tether supports the decentralized mining pool OCEAN, promoting distributed energy resource-linked mining networks.

CleanSpark and Coinbase Prime expanded credit to 200 million USD, hold over 12,000 $BTC, targeting a hash rate of 50 EH/s.

Bit Deer leveraged the tariff suspension to ship mining machines to the U.S., plans U.S. production in the latter half of the year, and aims to expand into Canadian and Ethiopian markets while transitioning towards AI.

Applied Digital reported quarterly revenue of 52.90 million USD, a 22% year-over-year increase; cloud services revenue fell by 36%. The company plans to sell its cloud business to focus on HPC data centers.

Bhutan earned millions of USD through cryptocurrency, utilizing hydropower for green mining, and is evaluating green coin sales to promote green finance.

Bit Digital acquired an industrial facility in North Carolina for 53.20 million USD to support AI high-performance computing transformation.

Bit Deer raised 179 million USD and signed a 200 million USD loan agreement to advance ASIC miner manufacturing.

Riot Platforms and Coinbase Credit reached a 100 million USD credit agreement with a minimum loan interest rate of 7.75%.

DOGE mining company Z Squared plans to merge with Coeptis for a public listing, focusing on DOGE and LTC mining.

The U.S. Secretary of Commerce stated plans to accelerate Bitcoin mining development, support miners in building their own power infrastructure, and establish a Bitcoin strategic reserve.

Russia plans to criminalize illegal cryptocurrency mining to combat money laundering, with related legislative amendments underway.