A Chinese crypto entrepreneur lost several million dollars after nearly 200 cats moved into his mining farm and damaged the equipment.

According to local media, the stray cats appeared near the facility operating in Inner Mongolia in early October, seeking warmth from the running mining rigs. Within a few weeks, the number of animals grew to about 200, and the Bitcoin farm turned into a “cat sanctuary.”

Each time the animals slept on the equipment, the performance of the graphics cards dropped due to overheating. This led to a decline in hash rate and required costly repairs.

“It’s cute and touching, but these ‘beds’ literally cost us millions of dollars,” said one of the farm’s employees.

Fortunately for the cats, the owner of the company turned out to be a kind person.

“He bought over 200 heated mats and told us to set up a separate room for the cats,” said one of the workers.

Despite the damage, the cats have become an integral part of the facility.

Source: happycoin.club

Electricity here costs only three cents per kilowatt-hour. Mining a single Bitcoin in Ethiopia costs around twenty thousand dollars, including all expenses — and with the asset currently priced at about one hundred thousand dollars, the business brings enormous profits. A single machine generates roughly five and a half dollars a day, and with thousands of such devices, operations easily become multimillion-dollar ventures. The profits are obvious, and the government not only refrains from banning crypto but also simplifies the process of obtaining mining licenses.

Cheap hydroelectric power has turned the country into a magnet for dozens of foreign companies. Ethiopia’s hydroelectric plants produce more energy than the nation needs, and the surplus is sold to mining firms. The country earns about 220 million dollars a year from this industry. In 2024, a single state-owned power company reported 55 million dollars in revenue, and in 2025, that figure is expected to double.

Authorities plan to invest these funds in upgrading the national power grid — yet millions of Ethiopians still live without electricity. Critics argue that a country with an energy surplus should prioritize its own citizens rather than foreign companies. The power goes not to schools, hospitals, or homes, but to mining operations — even though nearly half of the population lacks access to electricity.

The government responds that without crypto mining, electrification would take decades, and that the revenues from this booming industry offer a rare opportunity to accelerate the country’s development.

Source: ixbt.com

Geographic and structural features make Finland an ideal location for companies engaged in Bitcoin mining: the cool climate reduces the need for equipment cooling.

Finland is steadily becoming one of the most promising locations for Bitcoin mining in Europe. In addition to affordable energy and political stability, a key factor in this development is the country’s modern district heating infrastructure. An increasing number of companies are using the excess heat generated by mining operations to supply heating to local networks and buildings—going far beyond just producing Bitcoin.

A unique advantage Finland has over many Southern European countries is its advanced district heating system, which allows heat from decentralized sources to be efficiently fed into existing networks.

The innovative mining concepts being implemented in Finland offer a fresh perspective on a technology often criticized for high energy consumption: instead of wasting the heat produced by mining machines, it is reused efficiently.

ASIC miners heat water in their cooling systems to around 70°C during operation. This hot water can be fed directly into the district heating system, which is widespread in Finland. In other words, the by-product of Bitcoin mining becomes a valuable energy source, used to heat homes, public buildings, and entire neighborhoods.

Source: overclockers.ru

Major retail chains in Venezuela are actively adopting cryptocurrency payments — by early 2026, they are expected to account for at least 10% of all grocery transactions, according to Italo Atencio, head of the National Association of Supermarkets, speaking on a local TV channel.

According to Atencio, Venezuelans regularly use digital assets to pay for goods. Three supermarket chains have already started accepting cryptocurrencies, and the number is growing.

“Crypto assets are the currencies of the future, and that future is already here,” Atencio said.

To accelerate adoption, retailers have turned to experts in digital assets and blockchain. Among them is Anibal Garrido from Andres Bello University in Caracas, who is training staff to work with cryptocurrencies.

Current interest is driven by hyperinflation, which reached 270% in October, according to the IMF. Another factor is U.S. sanctions, which limit access to the U.S. dollar and force residents and businesses to seek alternative solutions.

Source: forklog.com

Source: forklog.com

Source: moneytimes.ru