Today in crypto, competition in the Bitcoin mining industry is heating up, with smaller miners gaining ground on their larger rivals in terms of hashrate achieved. Meanwhile, Ferrari is deepening its crypto strategy with a new digital token for its major clients and Rumble has partnered with Tether to add Bitcoin tips for content creators.
Smaller Bitcoin miners are gaining ground on their bigger rivals
The Bitcoin mining industry is experiencing increasing competition after the 2024 halvingmid-tier miners narrowing the hashrate gap achieved as tough post-halving economic conditions persist.
Recent data from The Miner Mag shows that public miners such as HIVE Digital, Bitdeer and Cipher Mining have increased their hashrates made after years of investment in infrastructure. These companies are now catching up with the larger players, including MARA Holdings, CleanSpark and Cango.
Publicly traded Bitcoin miners now account for nearly a third of the Bitcoin network’s total hashrate, The Miner Mag said.
The sector’s growth is partly driven by a sharp increase in borrowing to finance new infrastructure investments. As Cointelegraph reportedthe Bitcoin mining industry’s total debt jumped to $12.7 billion, up from $2.1 billion just 12 months ago.
Ferrari to launch digital token to allow fans to bid on its Le Mans-winning race car
Ferrari enters the world of cryptocurrencies with plans to launch a digital token which will allow its wealthiest fans to bid on one of its most emblematic racing cars, the Ferrari 499P, the endurance model that won at Le Mans.
The Italian automaker will issue the “Ferrari 499P Token” in partnership with financial technology company Conio, intended exclusively for members of its Hyperclub, a private network of 100 elite customers with a passion for endurance racing, according to a report published on Saturday by Reuters.
“It’s about strengthening the feeling of belonging among our most loyal customers,” Enrico Galliera, Ferrari’s marketing and sales director, was quoted as saying.
Holders of the token will be able to trade with each other and participate in exclusive auctions, including one for 499P. The initiative is expected to begin alongside the 2027 World Endurance Championship season.
Rumble to Roll Out Bitcoin Tips for Content Creators in December
Video sharing platform Rumble is preparing to roll out Bitcoin tipping to its more than 51 million monthly active users, the company’s CEO Chris Pavlovski announced Friday.
Rumble has partnered with stablecoin issuer Tether to enable Bitcoin (BTC) tipping, Pavlovski said on stage at Forum Plan ₿ in Lugano, Switzerland.
Also on stage was Paolo Ardoino, CEO of Tether, who expects a full rollout by early December, once small bugs are ironed out and the UX polished.
A historic first to @LuganoPlanB — @thevivafrei became the first creator to benefit from the Rumble Wallet. Freedom meets finance👊 pic.twitter.com/WD0EohedIu
– Rumble 🏴☠️ (@rumblevideo) October 24, 2025
Integration could play a crucial role in pushing Adoption of Bitcoin payments, given Rumble’s audience size and anti-censorship stance, which resonates with many in the Bitcoin community.
Ardoino said Bitcoin tips will give content creators the security they need without fear of being out-of-bank for what they post.
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