Bitcoin Mining News Today: Four Companies, One Big Trend in 2026 Four major bitcoin mining companies confirmed significant moves within days of each other. Cango locked in a date to shrink it
Four major bitcoin mining companies confirmed significant moves within days of each other. Cango locked in a date to shrink its share count. American Bitcoin set its next earnings date. BitFuFu reported a drop in how much BTC it mined in June. TeraWulf lined up $3.5 billion to build a data center for the AI company Anthropic.
These moves come at a busy time for the crypto mining industry. Miners are still adjusting to lower rewards from last year's halving, and many are now looking at AI as a new way to make money.
Cango Inc. will carry out a share consolidation on July 20 at 5:00 PM ET, at a ratio of 10 shares into 1 share. Class A ordinary shares are set to begin trading on the New York Stock Exchange. The post-consolidation price starting July 21, still under the ticker CANG.
Companies do this action to raise their stock price without actually changing the company's value.
Fractional shares under 1 full share will be rounded down and canceled, with no compensation issued to shareholders, as per Wu Blockchain reporting.
American Bitcoin (ABTC), the mining company backed by the Trump family, will release its second quarter 2026 financial report before the market opens on August 3.
Source: Official Announcement
Later, the NASDAQ listed company will have an earnings conference call and webcast following the same day at 8:30 AM ET.
BitFuFu mined 125 BTC in June. That's 29.4% less than what it mined in May. By the end of June, the company held 1,671 BTC in total.
The company's Managed hashrate (total mining power it oversees for others) dropped to 15.3 EH/s. At the same time, its self-owned hashrate moved the opposite direction, climbing 9.4% month-over-month to 3.5 EH/s.
Source: X Official
BitFuFu added 1,200 new mining machines in June, called S21 XP miners, and plans to add 2,000 more in July.
TeraWulf plans to raise approximately $3.5 billion in debt financing, led by Morgan Stanley, to build a Kentucky AI data center campus leased to Anthropic for 20 years.
That lease is expected to generate approximately $19 billion in contract revenue, with financing including leveraged loans and high-yield bonds expected to start this year.
Bitcoin mining secures the entire network. Specialized machines called ASIC miners solve complex cryptographic puzzles to validate transactions and add new blocks to the chain. Miners who succeed earn the block reward, currently 3.125 BTC after the 2024 halving, plus transaction fees, and their machines contribute directly to the network's total hashrate.
The April 2024 halving cut the block reward from 6.25 $BTC to 3.125 $BTC, cutting subsidy revenue overnight and squeezing margins industry-wide.
The total mining power on the Bitcoin network, called hashrate, hit an all-time high in early 2026 reporting. For a moment, it even crossed 1 ZH/s, or 1000 EH/s, a massive amount of computing power all working at once.
That growth wasn't smooth, though. Winter storms in the US knocked out power to some mining sites, causing hashrate to drop about 12% for a while. Around late 2025 and early 2026, roughly 20%-25% of miners shut down completely because it stopped being worth it for them to keep running.
By mid-2026, total hashrate settled between 0.96 and 1.02 ZH/s.
Miners earn less per unit of computing power when the bitcoin price drops or when there's more competition. Early in 2026, that per-unit payout, called hashprice, fell to around $23 to $28 per day for every PH/s of mining power. At the same time, BTC price fell from a 2025 high near $126,000 down to somewhere between $65,000 and $75,000.
Even so, the whole mining industry brought in about $17.2 billion in 2025, more than the year before. But most of that money came from the block reward itself, not from transaction fees. Fees used to make up about 7% of miner income; now they make up closer to 1%. That means miners depend more than ever on BTC's price staying strong.
Bitcoin price today stands strong at near $64,200, crossing the $63K mark after a long volatile period. With this recovery a strong Bitcoin price prediction is also emerging.
A growing number of mining companies are using their power plants and data centers for AI computing instead of just BTC mining. Companies like Core Scientific, Hut 8, IREN, Marathon, and Riot Platforms have all made this shift, since AI work often pays better right now than mining does. IREN, for example, bought data centers in Europe and signed deals connected to Microsoft.
TeraWulf's new deal with Anthropic fits this same trend. Companies that already have power hookups and land are in a strong position to grab AI business.
Michael Saylor of Strategy remains a vocal Bitcoin advocate, emphasizing mining's role in energy markets and sustainability through efforts like the Bitcoin Mining Council. His firm holds 843,775 BTC.
Galaxy Research has pointed to the widespread AI and HPC transition among public miners. JPMorgan highlighted production costs near $78,000 in one note, along with selling pressure among higher-cost operations when BTC trades below breakeven levels. B
On the other side, the Bitcoin Mining Council keeps pushing the industry to be more open about how much energy it uses.
North America, led by the United States, now holds more than 40% of global hashrate, reinforcing its position as the industry matures into broader energy and financial infrastructure.
Continued efficiency competition, next-generation hardware deployment, and further AI data center pivots are expected to define the next stretch. Some forecasts point toward hashrate growth reaching 1.8 ZH/s by the end of 2026.
The next BTC halving arrives around 2028, cutting the reward to 1.5625 BTC and pushing the industry even further toward fee-based revenue.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk.
