MicroBT

🇦🇪 **Phoenix Group from the UAE reported on its crypto reserves!**

Balance: 514 BTC and 630,000 SOL (Solana)
(Equivalent to $150M)

They are the first company listed on the ADX (Abu Dhabi) exchange to officially adopt a digital asset storage strategy as part of corporate reserves.

**Company activities:**
- BTC mining (top 10 globally, >15 EH/s, 2% of global hash rate)
- Data center hosting
- Equipment distribution (MicroBT, Ledger, CoolWallets)
- Web3 investments (M2Exchange, Lyvely, Citadel, partnership with Tether)

👉 Minor for adoption – mid-cap treasury moves fade quickly; watch SEC's 31-Jul decision on spot-SOL ETFs for institutional on-ramp impact.

#BTC
#SOL
#MicroBT
#Ledger
#Tether

U.S. Customs intensifies efforts to seize Bitcoin mining ASIC equipment, affecting multiple manufacturers

According to Blockspace, U.S. Customs and Border Protection (CBP) has begun seizing Bitcoin mining #ASIC equipment including #MicroBT and #Canaan at the request of the Federal Communications Commission (FCC), expanding last year’s operation against #Antminer equipment. The devices, which the affected companies said were worth $5 million, were seized because they contained AI chips that were not approved by the FCC. Customs clearance issues have extended to multiple ports, with vendors such as #Bitmain , Canaan and MicroBT facing difficulties.

The release of seized cryptocurrency mining equipment alleviates pressure on the mining industry: details
U.S. authorities have begun releasing thousands of cryptocurrency mining units that had been held at ports for months, despite the continued detention of about 10,000 other units.

According to a report by "Reuters," the seizures, which began last year due to concerns over radio frequency emissions and trade restrictions, targeted devices from "Bitmain," "MicroBT," and "Canaan."

Reports indicate that some of the seized equipment contains chips from "Sophgo," a Chinese company blacklisted for its role in facilitating transactions between "TSMC" and "Huawei."

Despite the partial release, the remaining shipments are still under detention, reflecting ongoing trade tensions between the United States and China and their impact on the cryptocurrency mining sector.
#mining #Huawei #tsmc
#Canaan #MicroBT

MinerSource is extremely honored to have attended the dealer appreciation dinner hosted by #MicroBT in Shenzhen, China. We engaged in productive exchanges with our industry peers and had the opportunity to listen to an insightful analysis on the mining industry in 2025 by Dr. Yang, the founder of MicroBT. Dr. Yang is a passionate serial entrepreneur whose enthusiasm inspired every attendee. We hope that in the coming year, MinerSource will continue to provide high-quality products and services to our miner friends.

🚨 Latest: Chinese Bitcoin mining giants Bitmain, Canaan, and MicroBT begin production in America to avoid tariffs!
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🏭 The new move:
Major mining companies Bitmain, Canaan, and MicroBT announced plans to launch local production facilities in the United States, in a step aimed at:
– Avoiding U.S. tariffs
– Strengthening their presence in the U.S. market
– Meeting the growing demand for mining equipment
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⚙️ Reasons for the move:
– Trade tensions between the U.S. and China
– Increasing local support for the mining industry
– Desire to reduce logistical and manufacturing costs
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📈 Expected impact:
– May contribute to increasing decentralization in the mining industry
– Enhance America's position as a major center for Bitcoin mining
– Support for demand for energy and infrastructure related to crypto
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❓Do you think America will become the new capital of Bitcoin mining?
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#CryptoNewss #LEGENDARY_007 #bitmain #MicroBT #ChinaCrypto