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28 Apr 2026, 18:09

IREN Price Target Cut as Bernstein Sees Firm Dumping Bitcoin Mining for AI

Bernstein analysts see IREN’s AI cloud prospects growing substantially in the coming years—and its Bitcoin business disappearing entirely.

28 Apr 2026, 17:14

Canaan, Tether deepen partnership on immersion-cooled mining systems

Canaan secures a new Tether order for modular mining hardware as the stablecoin issuer expands into integrated, data center-style Bitcoin infrastructure.

28 Apr 2026, 17:05

MARA Holdings announces Bitcoin expansion beyond mining role

MARA Holdings has introduced a new initiative to strengthen Bitcoin’s long-term infrastructure, even as parts of the mining sector shift toward alternative revenue streams. The company launched the MARA Foundation during the Bitcoin 2026 conference in Las Vegas, outlining a strategy centered on network security, sovereignty, and accessibility. The move comes alongside internal restructuring, asset sales, and broader operational changes that mark a shift in how the firm positions its role within the digital asset ecosystem. MARA Holdings expands Bitcoin focus through foundation The newly established MARA Foundation will focus on protocol research, open-source development, and self-custody infrastructure. It will also support policy advocacy and global education efforts tied to Bitcoin usage. According to company statements, the initiative symbolizes an extension of MARA’s mining role into broader network support functions. At launch , the foundation committed $100,000 to be distributed through a community vote. However, voting remains open until April 29, both online and at the company’s conference booth. Three organizations are under consideration: SateNet, the 256 Foundation, and Libreria de Satoshi. Each group focuses on different aspects of Bitcoin development, including connectivity, mining software, and technical education. Fred Thiel, chairman and CEO, stated that the company’s position in securing the Bitcoin network carries responsibility beyond operational mining. He linked the foundation’s work to long-term protocol health rather than short-term financial outcomes. As a result, the initiative emphasizes infrastructure resilience, including research into emerging risks, such as quantum-related threats. Strategic shift aligns with financial restructuring and layoffs The launch of the MARA Foundation comes after recent financial and operational decisions at MARA Holdings. In March, as highlighted by Cryptopolitan, the company sold a total of 15,133 Bitcoin for about $1.1 billion. This allowed it to repurchase $1 billion in convertible senior notes due in 2030 and 2031 at a discount, reducing its convertible debt by roughly 30%. Meanwhile, it also announced layoffs, which impacted around 15% of employees. MARA is also investing in data infrastructure. It completed a majority acquisition of Exaion, a data center company owned by EDF, and signed a deal with Starwood to convert up to 1 gigawatt of mining capacity to AI processing. Market activity signals volatility as MARA Holdings repositions Recent trading data shows MARA Holdings shares closing at $11.18 with no net daily change. However, intraday volatility was evident, with the stock rising to $11.60 before falling below $11.20. Prices later stabilized within a narrow range heading into the close. MARA Holdings Inc. shares Pre-market activity pointed to additional pressure, with shares trading at $10.94, down 2.15%. These movements follow broader industry trends, with several publicly traded miners selling portions of their Bitcoin holdings. Companies, including Cipher Digital, Bitdeer, and others, have taken similar steps as they adjust their business models. Despite these shifts, MARA Holdings continues to operate one of the largest proprietary mining fleets among public firms. The company reported operating approximately 66.45 EH/s, representing about 5% of the Bitcoin network’s hashrate. The smartest crypto minds already read our newsletter. Want in? Join them .

28 Apr 2026, 16:50

Stablecoin Giant Tether Reveals Plans for Modular Bitcoin Mining Hardware

Leading stablecoin issuer Tether has teamed with Canaan and ACME Swisstech to develop customizable, upgradable Bitcoin mining rigs.

28 Apr 2026, 14:01

Core Scientific shifting 300 MW BTC mining to AI campus

🚀 Core Scientific will convert 300 MW of BTC mining capacity into an AI data campus.Facilities in Texas will form part of a planned 1.5 GW AI data center.💡 Key point: In 2024, more crypto miners like $BTC operators are shifting to AI for new revenue sources. Continue Reading: Core Scientific shifting 300 MW BTC mining to AI campus The post Core Scientific shifting 300 MW BTC mining to AI campus appeared first on COINTURK NEWS .

28 Apr 2026, 11:15

Russia to tax non-residents’ crypto income at 30%

Russia’s finance ministry has come up with a mechanism to tax crypto-related income that will complement upcoming rules for digital currency transactions. Under the proposed scheme, non-residents will transfer a significantly larger share of their profits to the Russian state than investors and earners residing in the country. Moscow to tap into money made on Russia’s regulated crypto market The Russian Ministry of Finance (Minfin) has prepared amendments to the country’s Tax Code to sort out the taxation of transactions involving digital assets, the local press unveiled. The draft legislation has been approved by the federal government’s commission on legislative activity on Monday, the business daily Vedomosti reported, quoting sources present at the meeting. The proposal aims to align national tax rules with the massive bill “On Digital Currency and Digital Rights” recently passed on first reading by the State Duma, the lower house of parliament. After much deliberation, Russia finally decided to regulate rather than ban cryptocurrencies like Bitcoin through a package of laws scheduled for adoption by July 1, 2026. The push is part of a plan to bring this and other sectors of the Russian economy out of the shadows, which was announced by the executive power in Moscow last year. A dedicated new article will determine the payment of personal income tax on profits from the sale or other disposal of digital assets, such as exchanges for fiat money. The positive difference between revenues from crypto transactions and expenses, such as acquisition costs, intermediary fees and storage expenses, will form the tax base. Services provided by digital depositories and exchanges will be exempt from VAT. The same applies to what the document calls “related services” pertaining to trading and issuance. Russia to use progressive scale for personal income tax on crypto In the absence of proper regulations, many cryptocurrency transactions in Russia were largely untaxed until now, with only a few exceptions. Mining became the country’s first regulated crypto activity in late 2024. Companies and sole proprietors engaged in the business are required to register with the Federal Tax Service (FNS). Since January 1, 2025, income from cryptocurrency mining received by legal entities is subject to corporate income tax at a rate of 25%. Individual entrepreneurs and private citizens mining digital coins are required to pay personal income tax according to a progressive scale, between 13 and 22%. However, the tax rate for non-residents is much higher, at 30%. These rates will apply to other crypto transactions as well, although with some specifics. For example, income derived from mining will be reported as part of the general income, while profits from investment and trading will form a separate tax base. Intermediaries such as brokers and trustees will be responsible for withholding and transferring taxes owed by their clients to the state budget. Whether crypto investors will be treated fairly is an open question Vladimir Gruzdev, chairman of the Board of the Association of Lawyers of Russia, believes the amendments will curb tax evasion and boost transparency in the crypto space. According to Alexey Istomin, partner at the Pareto Legal firm, the Minfin ’s taxation mechanism treats digital financial assets like traditional financial instruments without increasing the tax burden. “For the most part, the new bill aims to close existing gaps in the taxation of cryptocurrency and certain transactions involving it,” added Denis Polyakov, head of digital economy practice at GMT Legal. Others warn, however, that there are more pressing issues to solve. Russia needs to first “find someone to tax,” remarked Dmitry Machikhin, founder and CEO of the compliance platform BitOK. Commenting to Vedomosti, he emphasized that the proper conditions that would convince crypto owners to emerge from the shadows are yet to be created. Russia’s upcoming crypto framework has been criticized for being overly restrictive. It legalizes cryptocurrencies but admits only the largest coins to the regulated Russian market. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank