Wu said April mining news: The US government accelerates the promotion of Bitcoin mining, the Pakistani government will mine with excess electricity, and Tether supports decentralized mining pools.

Author | Wu Talks Blockchain

1、

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

2、

Bitcoin mining company MARA officially released its unaudited Bitcoin production update for March 2025: daily Bitcoin mining output increased by 6% month-on-month; March mining output was 829 BTC; current Bitcoin holdings have increased to 47,531 BTC.

3、

The southern region of Irkutsk Oblast may start implementing a year-round comprehensive ban on cryptocurrency mining from April 1, applicable to legal entities and individuals. Irkutsk Oblast Governor Igor Kobzev submitted a proposal to Vladimir Putin on February 17. The proposal suggests restricting cryptocurrency mining activities before March 15, 2031, and designing a mechanism to transfer the electricity load of miners who are cut off from power to support the implementation of socially and economically important projects in the region.

4、

Cango announced that it will sell its Chinese automotive finance business to Ursalpha Digital Limited, which is associated with Bitmain's subsidiary Antalpha, for $352 million. This transaction is part of Cango's comprehensive transformation into Bitcoin mining operations. Cango stated that the deal includes a $210.6 million advance payment made by Ursalpha, with additional installments contingent on fulfilling tax obligations and reducing credit risk exposure of the divested entity. Furthermore, Cango mined 530 BTC in March, bringing its total holdings to 2,475 BTC.

5、

Bitcoin mining company Hut 8 released its operational update report for March, with a mining output of 88 BTC, increasing its Bitcoin reserves to 10,264 BTC, and an deployed hash rate reaching 9.3 EH/s. Additionally, Hut 8 CEO Asher Genoot revealed that the company has spun off nearly all ASIC miners to the newly established American Bitcoin. This independent mining company, as a majority-owned subsidiary of Hut 8, focuses on Bitcoin mining and strategic reserve development.

6、

In response to the new round of global tariff policies in the United States, Bitcoin miners are accelerating the import of mining equipment from places like China, Malaysia, and Thailand before the tariffs take effect. Some large mining companies are even chartering flights at a cost of $2 million to $3.5 million per trip to avoid tariffs as high as 104%. It is estimated that in the first quarter of 2025, the United States imported more than $860 million worth of mining equipment, and the new policy is expected to push mining machine prices up by 22% to 36%. (Blockspace Media)

7、

Bitdeer announced the acquisition of a local partner company in Ethiopia that holds a mining license for 7.5 million USD and plans to build a 50 megawatt Bitcoin mining facility, which is expected to be operational in the fourth quarter of this year. The project has signed a four-year power purchase agreement with the Ethiopian Electric Power Corporation, with an electricity price of approximately 0.036 USD per kilowatt-hour. At the same time, Bitdeer will suspend the disclosure of its Bitcoin mining chip production capacity data. (The Miner Mag)

8、

Pakistan plans to allocate some excess electricity to Bitcoin mining and artificial intelligence data centers, said Bilal Bin Saqib, head of the country's cryptocurrency committee and advisor to the finance minister, on Wednesday, adding that Pakistan has held talks with several Bitcoin mining companies. The location of the mining centers will be determined based on areas with excess electricity.

9、

The state of Arizona in the United States has officially passed the Bitcoin mining rights bill HB 2342, which protects anyone running nodes or mining digital assets from restrictions based on zoning or usage bans. The bill passed in the Senate with a vote of 17 to 12 and has now been sent to the governor's office for signing.

10、

Democratic senators in the United States have proposed the Clean Cloud Act draft, which aims to impose fees on data centers supporting blockchain networks and artificial intelligence models that exceed federal emission targets. The bill requires the U.S. Environmental Protection Agency to establish emission standards for data centers and cryptocurrency mining facilities with IT nameplate power exceeding 100 KW, with the goal of reducing emissions by 11% annually. Emissions exceeding the limit will be fined $20 per ton of carbon dioxide equivalent, and this amount will increase by $10 each year with inflation.

11、

Aaron Forster, the Director of Business Development at Bitcoin mining company Luxor Technology, stated in an interview at the Consensus festival that cryptocurrency mining is being accepted and naturally evolving into other markets, with large miners transitioning into power infrastructure providers for artificial intelligence. The Bitcoin mining business serves as a stepping stone to larger, more capital-intensive industries like artificial intelligence, which excites me because it allows Bitcoin mining to be more widely accepted. (CoinDesk)

12、

Tether announced that it will deploy Bitcoin computing power on the Bitcoin mining protocol OCEAN to advance its support for decentralized mining infrastructure. The plan will leverage its Tether Energy project to support the connection of distributed energy resources to the mining network. The OCEAN mining pool was founded by Bitcoin Core senior developer Luke Dashjr.

13、

American Bitcoin mining company CleanSpark announced an expansion of its credit line with Coinbase Prime to $200 million to support non-dilutive growth and launch a self-funding operating model. The company will sell part of its monthly Bitcoin production to cover operational costs while officially launching an institutional-grade Bitcoin treasury management team. CleanSpark CEO Zach Bradford stated that its Bitcoin holdings have exceeded 12,000 coins, worth approximately $1 billion, with a company target hash rate of 50 EH/s, aiming to enhance shareholder value through balanced strategies.

14、

Bitdeer plans to use the 90-day tariff suspension period to transport mining machines from Southeast Asia to the United States, and will begin production in the US in the second half of this year; the company will focus on using its mining machines for self-mining rather than selling them to other miners; the company is also expanding its global influence, entering new markets such as Canada and Ethiopia, while advancing its strategic transformation towards artificial intelligence and high-performance computing.

15、

The Bitcoin mining hosting and cloud service company Applied Digital (APLD) announced its quarterly financial report, with revenue of $52.9 million, a year-on-year increase of 22%, but falling short of analysts' expectations of $64.5 million. The stock price dropped as much as 30% during the trading session to $3.90. Revenue from cloud services decreased by 36% quarter-on-quarter to $17.8 million, and the company's board has approved the sale of this business, planning to focus on high-performance computing (HPC) data centers, and may eventually transition into a real estate investment trust (REIT). (CoinDesk)

16、

Two senior officials from Bhutan revealed that the country has made millions of dollars in profits in recent years by investing in cryptocurrencies, and has used part of the proceeds to pay government employees' salaries for two years. Bhutan is leveraging 100% hydropower to conduct green cryptocurrency mining, and officials are evaluating whether to sell these "green coins" to large enterprises that need to meet ESG (Environmental, Social, and Governance) goals to promote the development of green finance.

17、

Bitcoin mining company Bit Digital has acquired an industrial facility previously owned by Unifi in Madison, North Carolina, through its Canadian subsidiary Enovum Data Centers, for $53.2 million. The acquisition is expected to be completed by May 15 and is part of the company's strategy to transition to AI high-performance computing (HPC). (MinerMag)

18、

Bit Deer is increasing its financial leverage and is fully promoting its Bitcoin ASIC miner manufacturing plan. According to its latest annual report, the company has raised a total of $179 million through loans and stock issuance. The company has signed a loan agreement with Matrixport for up to $200 million and issued over 6 million Class A shares earlier this year, raising $118.8 million. (MinerMag)

19、

Bitcoin mining company Riot Platforms has reached a $100 million credit agreement with Coinbase Credit, which stated that the funds will be used for strategic plans and general corporate purposes. The loan has a floating interest rate of at least 7.75% per year, with a term of 364 days, and is secured only by a portion of Riot's Bitcoin reserves. (CoinDesk)

20、

The company Z Squared, focused on DOGE mining, will go public through a merger with biopharmaceutical company Coeptis (COEP), with the transaction expected to be completed in the third quarter of 2025. After the merger, Coeptis's pharmaceutical business will be spun off, and the new entity will focus on cryptocurrency mining, including Dogecoin (DOGE) and Litecoin (LTC). (CoinDesk)

21、

U.S. Secretary of Commerce Howard Lutnick stated that the U.S. will "accelerate the advancement of Bitcoin mining" and plans to support mining companies in building their own power infrastructure through the "Investment Accelerator" project, reducing reliance on the public grid. He pointed out that the U.S. will allow miners to build power plants and data centers near natural gas fields, further enhancing energy efficiency. Lutnick also revealed that the Department of Commerce is considering incorporating Bitcoin into the national economic accounts and stated that the current government is a staunch supporter of Bitcoin, working on creating a "Bitcoin strategic reserve."

22、

Russia's anti-money laundering agency Rosfinmonitoring plans to promote the classification of illegal cryptocurrency mining as a criminal offense and has received support from the Ministry of Finance, the Central Bank, and the Chamber of Commerce. Deputy Director German Neglyad stated that the proposal aims to combat illegal mining that assists criminals in laundering money, and relevant legal amendments are being prepared. Currently, Russia only prohibits mining in winter in 9 regions, with bans in some areas of Irkutsk lasting until 2031, but illegal mining has not yet been included in the criminal code and is only punished under charges such as electricity theft.