France's Rassemblement National political party is advancing a bill to use surplus nuclear power for Bitcoin mining. This move marks a significant shift from the previous stance of party leader Marine Le Pen, who once called for a ban on cryptocurrencies.
French lawmakers have proposed a five-year pilot program to utilize surplus nuclear energy for Bitcoin mining. The initiative aims to reduce energy waste, improve grid stability, and increase revenue, estimating up to $150 million annually.
BitFuFu Inc. reported an 11.3% increase in Bitcoin production for June 2025, reaching 445 BTC. The company also recorded peak hashrate and power capacity levels, reaching 36.2 EH/s and 728 MW respectively. Total Bitcoin holdings increased to 1,792 BTC.
A solo Bitcoin miner managed to mine an entire Bitcoin block with relatively low computing power, earning approximately $350,000. The miner used only 2.3 petahashes, having a 1 in 2,800 chance of solving a block each day.
Bitcoin production fell in June due to power curtailments and adverse weather conditions. Companies like Riot Platforms and MARA Holdings reported decreased production, while Cipher Mining voluntarily curtailed production to avoid high grid charges.
The IMF has rejected Pakistan's proposal to offer subsidized electricity for Bitcoin mining, citing risks of economic imbalances and market distortion. This decision casts doubt on Pakistan's plans to use surplus electricity to develop its cryptocurrency sector.
Bit Digital announced a strategic shift, ditching Bitcoin mining to focus on Ethereum staking and treasury. The company will convert its existing Bitcoin holdings into ETH and is exploring the sale of its Bitcoin mining assets. Bit Digital's stock (BTBT) experienced a drop.
A heatwave in Texas has forced Bitcoin miners to halt operations, leading to a significant drop in the Bitcoin hashrate. High temperatures and increased energy demand have threatened grid stability, highlighting the challenges miners face in extreme weather conditions.
Bitcoin's hashrate saw its most dramatic fall of the last three years, down ~15% since June 15. The sharp drop has fueled speculation about possible geopolitical and environmental causes, as well as concerns about the financial health of miners.
