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Crypto staking Jarretts again sue IRS over block reward taxes

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A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid. 

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Coin Market

Core Scientific to quit Bitcoin mining by year-end as AI business surges

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The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.

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American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI

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The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.

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Crypto ally French Hill wins reelection but set to lose House chair

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Republican French Hill secured another term in Congress but will lose his leadership of the House Financial Services Committee when Democrats take control in January.

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