By Nitya Chakraborty Narendra Modi has been heading the Indian government as the Prime Minister since 2014. He has made so far many observations about the delicate India-China relations in the last nearly eleven years, but his observations on this issue made to the American journalist cum researcher Lex Fridman in his podcast released on […]
American publicly traded Bitcoin mining companies have reached an unprecedented milestone, now controlling approximately 30% of the total global Bitcoin network hashrate. This significant increase underscores the growing influence of U.S.-based miners in the cryptocurrency ecosystem.
The hashrate, representing the total computational power used to mine and process transactions on the Bitcoin network, serves as a critical indicator of the network’s security and efficiency. As of mid-March, the Bitcoin network’s hashrate averaged 811 exahashes per second , reflecting a 2 EH/s increase in the first two weeks of the month. Notably, U.S.-listed miners have maintained their share at around 30% during this period.
This expansion is particularly remarkable considering that just over a year ago, these companies accounted for approximately 20% of the network’s hashrate. The rapid growth can be attributed to several factors:
– Access to Capital: Being publicly listed provides these miners with enhanced access to capital markets, enabling substantial investments in infrastructure and expansion.
– Availability of Resources: The United States offers abundant land and relatively affordable energy resources, essential for the energy-intensive process of Bitcoin mining.
– Aggressive Expansion Strategies: Companies such as IREN , CleanSpark, Riot Platforms, and MARA Holdings have been actively scaling their operations, deploying new mining rigs, and increasing their computational capacities.
IREN, in particular, has been at the forefront of this expansion. Despite reporting a loss of $51.7 million in the first quarter of 2025, the company has ambitious plans to boost its mining power to 50 EH/s in the coming months. This strategy reflects a broader trend among U.S.-listed miners to reinvest earnings into scaling operations, thereby increasing their share of the network hashrate.
However, this rapid expansion has not been without challenges. The average price of Bitcoin declined by approximately 10% in early March, pressuring mining economics. Additionally, the increase in network hashrate has led to heightened competition among miners, further squeezing profit margins. Some companies have responded by stockpiling Bitcoin to navigate these profit squeezes, leveraging the cryptocurrency’s price appreciation to bolster their balance sheets.
MARA Holdings exemplifies this trend. The company recently expanded its capacity by acquiring data centers in Ohio, adding a total of 372 megawatts of compute capacity. This acquisition brings MARA’s total nameplate capacity to nearly 1.5 gigawatts, positioning it as one of the largest players in the industry. Despite these advancements, MARA reported widening net losses of $124.8 million in the third quarter, highlighting the financial pressures faced by miners amid fluctuating Bitcoin prices and rising operational costs.
The consolidation of hashrate among U.S.-listed miners has broader implications for the Bitcoin network. While increased hashrate enhances network security by making it more resistant to attacks, the concentration of mining power raises concerns about decentralization—a core principle of the Bitcoin ethos. Industry stakeholders continue to debate the balance between operational efficiency and maintaining a decentralized network structure.
Siemens, Europe’s largest industrial technology company, has partnered with Minima, a pioneer in decentralized blockchain technology, to integrate blockchain capabilities into its devices across the automotive, robotics, energy, and healthcare sectors. This collaboration aims to bolster data integrity and security in the rapidly evolving landscape of connected industrial systems. The partnership is facilitated through Siemens Cre8Ventures, an initiative dedicated to accelerating industrial transformation by collaborating with startups […]
Abu Dhabi’s renewable energy company, Masdar, is nearing a $200 million agreement to acquire a 49.9% stake in a 450-megawatt solar portfolio managed by Spanish utility Endesa. This strategic move aims to bolster Masdar’s presence in Spain, aligning with its ambition to achieve 100 gigawatts of global renewable energy capacity by 2030. A Masdar spokesperson commented on the company’s expansion goals, stating that they are actively exploring […]
Arabian Post Staff -Dubai President Donald Trump hosted Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ National Security Adviser and Deputy Ruler of Abu Dhabi, at the White House on Tuesday evening. The meeting underscored the enduring ties between the two nations and focused on enhancing cooperation in technology and investment sectors. In a statement following the dinner, President Trump highlighted the significance of the […]
SINGAPORE – Media OutReach Newswire – 19 March 2025 – Acclaimed Singaporean actor and cultural icon Li Nan Xing is thriving in his new role as the face of NJHealth NMN 20000mg, the cutting-edge healthy ageing supplement revolutionising the wellness industry in Singapore. Known for his enduring vitality and charisma, Li Nan Xing’s endorsement underscores the product’s efficacy and aligns with his personal commitment to maintaining vitality […]
The acquisition strengthens TBS’s integrated environmental solutions portfolio in Southeast Asia, in line with its TBS2030 carbon neutrality target. TBS is getting closer to its vision of fully transitioning into a sustainability-focused and environmental solutions company. JAKARTA, INDONESIA – Media OutReach Neswire – 18 March 2025 – SPT TBS Energi Utama Tbk. (“TBS”) has completed its 100% acquisition of Sembcorp Environment Pte. Ltd. (“SembEnviro”) through its subsidiary, […]
Revenue Growth Supported by Multiple Pillars Steadily Enhancing Shareholder Returns HONG KONG SAR – Media OutReach Neswire – 17 March 2025 – The world’s largest telecommunications infrastructure service provider China Tower Corporation Limited (“China Tower” or the “Company”) (Stock Code: 0788.HK) is pleased to announce its annual results for the year ended 31 December 2024. Performance Highlights RMB Million 2024 2023 Change Operating revenue 97,772 94,009 4.0% […]
Renault has unveiled the 5 Turbo 3E, an electric homage to its iconic 1980s rally car, slated for a 2027 release. Priced between £130,000 and £200,000 , this limited-edition vehicle is generating significant interest among enthusiasts. The 5 Turbo 3E boasts a 70 kWh battery powering dual in-wheel rear motors, collectively delivering 540 horsepower. This configuration enables acceleration from 0 to 60 mph in under 3.5 seconds, […]
The global economy is experiencing fresh waves of volatility as Trump’s second term reignites trade conflicts, currency battles, and inflationary pressures. Markets have already reacted—tariff hikes on Chinese goods, retaliatory measures from Beijing, and escalating tensions with Europe are shifting capital flows at a breakneck pace. Investors can’t afford to be complacent. They must position portfolios to withstand uncertainty, hedge against risk, and seize opportunities in this […]
MoirAI Cloud, a Florida-based AI infrastructure startup, has secured $1 million in pre-seed funding to enhance energy efficiency in AI-driven data centres. The company’s innovative approach leverages AI to optimise power consumption and significantly reduce energy waste, with the potential to cut energy usage by up to 95%. The investment comes at a time when the global data centre market is under increasing pressure to adopt more […]
By Nitya Chakraborty Sidelined by the Trump 2.0 administration and rebuffed by India, Bangladesh interim government is exploring all avenues to rejuvenate the country’s ailing economy by expanding its trade and investment relationship with Pakistan and China. The objective is to reduce the dependence on India in major areas where the outsourcing is possible from […]Marrakech is set to become the epicentre of technological innovation as it hosts the third edition of GITEX Africa from 14 to 16 April 2025. Under the High Patronage of His Majesty King Mohammed VI, this event is organised by the Ministry of Digital Transition and Administration Reform in collaboration with the Digital Development Agency and KAOUN International. GITEX Africa has rapidly established itself as the continent’s […]
Goldman Sachs has adjusted its oil price forecasts, citing a confluence of factors including escalating global supply and a decelerating U.S. economy. The investment bank now projects Brent crude to average $71 per barrel by December, a $5 decrease from its prior estimate, and West Texas Intermediate to reach $67 per barrel. This downward revision aligns with the bank’s updated expectations for global oil demand growth, now […]
Aramco Ventures, the investment arm of Saudi Aramco, has invested in Berlin-based startup Ucaneo, aiming to accelerate the development of Germany’s largest Direct Air Capture demonstration plant. This strategic move underscores Aramco’s commitment to innovative carbon removal technologies in the global effort to combat climate change. Ucaneo, established in Berlin, is pioneering a biomimetic DAC technology that mimics the human lung’s natural ability to manage carbon dioxide […]
Abu Dhabi National Exhibitions Company Group has reported a record economic contribution of AED8.5 billion to the United Arab Emirates economy for the year 2024, surpassing the previous year’s figure of AED7.4 billion. This achievement underscores ADNEC’s pivotal role in advancing the nation’s strategic goal of fostering a diversified, knowledge-based economy. Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, hailed 2024 as a […]
The United Arab Emirates has unveiled an ambitious plan to significantly boost its foreign direct investment inflows, aiming to increase annual figures from AED112 billion in 2023 to AED240 billion by 2031. This initiative is part of the newly approved National Investment Strategy 2031, which seeks to position the UAE as a premier global investment hub.
The strategy outlines a comprehensive approach to enhance the nation’s investment landscape. It includes the launch of 12 strategic programmes and 30 targeted initiatives, such as the Financial Sector Development Program, the One-Market Program, and InvestUAE. These initiatives are designed to bolster investment promotion and drive economic diversification across key sectors, including industry, logistics, financial services, renewable energy, and information technology.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, chaired the UAE Cabinet meeting where the strategy received approval. He emphasized that the goal is to increase annual foreign investment inflows to AED240 billion by 2031 and grow the UAE’s total FDI stock from AED800 billion to AED2.2 trillion over the coming years.
In 2023, the UAE recorded FDI inflows amounting to USD 30.688 billion, a substantial increase from USD 22.737 billion in 2022. This growth positioned the UAE second globally in FDI inflows, reflecting the nation’s robust investment climate and strategic initiatives to attract foreign capital.
The National Investment Strategy 2031 is expected to further enhance the UAE’s role as a bridge connecting regional markets and a global hub for investment. By focusing on key sectors and implementing targeted initiatives, the UAE aims to diversify its economy, reduce dependence on oil revenues, and promote sustainable development.
The strategy also aligns with the UAE’s broader economic goals, including the promotion of innovation, support for small and medium-sized enterprises , and the development of human capital. By creating a conducive environment for businesses and investors, the UAE seeks to foster economic growth and maintain its competitive edge in the global market.
As part of its efforts to attract foreign investment, the UAE has established a comprehensive framework of agreements, including Bilateral Investment Treaties , Avoidance of Double Taxation Agreements , and Comprehensive Economic Partnership Agreements . These agreements aim to offer robust protections, streamline processes, and provide strategic opportunities for investors, thereby enhancing the UAE’s appeal as an investment destination.
ADNEC Group has achieved a historic milestone by contributing AED8.5 billion to the UAE economy in 2024, surpassing the AED7.4 billion recorded in 2023. This achievement underscores the group’s expanding influence in bolstering economic growth and aligns with the UAE’s strategic goal of fostering a diversified, knowledge-based economy. Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, remarked that 2024 has been a landmark […]
Abu Dhabi National Oil Company is evaluating a potential acquisition of energy assets from Mubadala Investment Company, a sovereign wealth fund, in a transaction that could be valued at approximately $10 billion, according to individuals familiar with the matter.
Discussions between the two entities commenced late last year but have encountered obstacles in recent months due to disagreements over asset valuation. The negotiations have since stalled, with both parties yet to reach a consensus on the terms of the deal.
This prospective acquisition aligns with ADNOC’s strategic objective to expand its global energy portfolio and diversify its operations. The state-owned oil giant has been actively pursuing international investments to strengthen its presence in the global energy market. In February 2025, ADNOC announced plans to transfer stakes in some U.S. assets to its newly established international investment firm, XRG PJSC, as part of a broader initiative to create an $80 billion global venture.
Mubadala Investment Company, established in 2002, manages a diverse portfolio spanning various sectors, including energy, utilities, and real estate. The potential divestment of its energy assets could be part of Mubadala’s strategy to rebalance its investment portfolio and focus on other sectors.
ADNOC’s interest in Mubadala’s energy assets reflects a broader trend among Middle Eastern oil companies to diversify their holdings and invest in downstream and international assets. This strategy aims to mitigate risks associated with fluctuating oil prices and to capitalize on emerging opportunities in the global energy landscape.
The outcome of the negotiations remains uncertain, and it is unclear whether the parties will resume discussions to finalize the deal. Both ADNOC and Mubadala have declined to comment on the ongoing negotiations.
In a related development, ADNOC has been considering an international listing for its newly established investment arm, XRG. Initial discussions suggest that a minority stake could be listed in approximately five years, with guidance from Bank of America. This move aligns with ADNOC’s strategy to diversify its revenue streams and strengthen its global investment mandate.
ADNOC has been actively pursuing international acquisitions to bolster its global presence. In March 2024, the company, in collaboration with Austrian energy producer OMV AG, planned to acquire Canada’s Nova Chemicals Corp. This acquisition was part of efforts to form a major global chemical company, reflecting ADNOC’s commitment to expanding its footprint in the global energy and chemicals sectors.
The potential acquisition of Mubadala’s energy assets underscores ADNOC’s strategic intent to diversify its portfolio and enhance its position in the global energy market. As the energy landscape continues to evolve, such strategic moves are indicative of the company’s efforts to adapt and thrive in a dynamic environment.
The global energy sector has been witnessing significant shifts, with companies seeking to diversify their portfolios and invest in sustainable energy solutions. ADNOC’s recent activities, including the establishment of XRG and the pursuit of international acquisitions, highlight its commitment to aligning with global energy trends and securing its position as a leading energy provider.
By Tajul Islam On January 20, 2025, US President Donald Trump issued an executive order suspending all USAID and State Department-funded projects, totaling $60 billion, for 90 days. This decision was framed as a reassessment of foreign aid effectiveness and its alignment with the administration’s strategic priorities. The abrupt termination of nearly 10,000 foreign aid grants and contracts has sent economic and humanitarian shockwaves through countries in […]
Aldar Investment Properties , a subsidiary of Aldar Properties, has successfully issued a $500 million 10-year green sukuk, significantly enhancing its financial standing. The issuance witnessed remarkable investor interest, with the order book surpassing $3.6 billion, indicating an oversubscription rate of 7.2 times. Regional investors accounted for 61% of the allocations, while international investors took up the remaining 39%. The sukuk was competitively priced at a spread […]
Shareholders of Gulf Navigation Holding PJSC have approved the company’s AED 3.2 billion acquisition of Brooge Energy Limited , a NASDAQ-listed oil refining and storage firm. This strategic move aims to bolster Gulf Navigation’s presence in the midstream oil and gas logistics sector. The approval was secured despite earlier reservations from minority shareholders regarding potential dilution of their holdings. The acquisition entails a multifaceted financial arrangement. Gulf […]
Recognized for “go-to-market innovation and consistent partner engagement” HONG KONG SAR – Media OutReach Newswire – 14 March 2025 – Cybersecurity giant Trend Micro Incorporated (TYO: 4704; TSE: 4704) has been named a Champion in the Canalys Global Cybersecurity Leadership Matrix 2025. This marks Trend’s third consecutive placement as #1 among the 32 cybersecurity vendors appraised by Canalys. Trend and its partners serve the industry’s most geographically […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 March 2025 – Silver is attracting investor interest, with market analysts predicting a potential leap to $40 per troy ounce in 2025. The metal is rising in global investment portfolios, providing stiff competition to gold’s long reign over commodity markets. Kar Yong Ang, a financial market analyst at Octa Broker, explains why silver has a very good opportunity […]
