Cryptocurrency
Renewable energy Bitcoin mining company powers up in Sweden

Sweden has welcomed a hydro-powered Bitcoin (BTC) mining data center.
Genesis Digital Assets Limited (GDA), a mining and data center company with over 400 MW of power generation worldwide has made a opened a new data center in Sweden, driven by the country’s burgeoning renewable energy surplus.

The new operation is located in the far North of Sweden, where hydroelectric power dominates the grid. Abdumalik Mirakhmedov, executive president and fouder of GDA, told Cointelegraph that the new data center is located near the Porjus Hydroelectric Power Station:
“Given the proximity to the hydroelectric power station, we expect all of our electricity consumption to be powered by renewable energy.”
The total capacity of the data center is approximately 8 MW and is expected to result in a hash rate of approximately 155 PH/s (peta hashes per second). GDA explained to Cointelegraph that there are 1,900 Bitcoin mining machines deployed in the Porjus data center.
As reported by Jaran Mellerud, a Business Developer at Luxor Mining, and a frequent Cointelegraph contributor, Sweden produces almost all of its electricity from nuclear and hydropower, particularly the north.
Mellerud, who hails from nearby Norway, explains that renewable energy is also abundant:
“Sweden is an electricity powerhouse, generating the fifth-most electricity per capita globally in 2021.
GDA’s strategic expansion is part of a broader trend in the Northern European Bitcoin mining landscape. Christian Anders, the founder of BT.CX, a Swedish Bitcoin exchange dating back to January 2012, told Cointelegraph that Bitcoin mining is not very common due to high energy prices.
However, the Nordics are a class apart, Anders told Cointelegraph:
“Sweden, Finland, and Norway have a surplus of energy and negative energy prices from time to time, and primarily renewable energy in the form of hydropower in a remote location which is hard to distribute.”
Untapped, stranded, and renewable energy are popular ingredients for Bitcoin mining as they tend to be the cheapest. Mirakhmedov explained, “Sweden also has abundant clean energy sources, which is an important factor we consider in our operations.”

Moreover, while sentiment among some Scandinavians is negative towards Bitcoin, Anders told Cointelegraph that energy companies are coming around to Bitcoin mining’s utility: “The CEO of the largest energy producer in Sweden, Vattenfall, is pro-bitcoin mining, and its use case for grid balancing.” Stabilizing electricity grids with Bitcoin miners is also growing in the United States.
Tim Carra, the head of Nordic at GDA, expounded the point in correspondence with Cointelegraph:
“With abundant energy sources, a pro-innovation environment, and a strong educational system that results in a great culture of innovation, we believe that Sweden is one of the best countries in the world where to mine bitcoin and expect to further invest in this beautiful region moving forward.”
GDA concentrates the majority of its power generation in Texas: one facility consumes 300 MW of electricity. The new Swedish operations complement a new GDA facility in South Carolina and demonstrate that there are still some attractive and untapped potential mining destinations around the world. Anders chimes in:
“There is also a market opportunity in Spain/Portugal which gets cheap energy from Africa and its domestic solar production where prices also are very cheap from time to time. BT.CX is working with renewable bitcoin miners to offer a way to offset your bitcoin holdings.”
As Anders alludes to, the generation of new Bitcoins consumes considerable amounts of electricity. The European Central Bank reports that Bitcoin mining has a significant carbon footprint.

However, portrayed as an energy-guzzling and carbon-intensive industry, Bitcoin mining consumes just 149.95 Terawatt hours of electricity per year, or less than 0.7% of global energy, according to the Cambridge Center for Alternative Finance.
Related: Tether invests in El Salvador’s $1B renewable energy project
Meanwhile, renewable energy including hydro continues to dominate the global bitcoin mining energy mix. Neighboring Norway, for example, contributes roughly 1% of the Bitcoin hash rate and is 100% renewable, while the new GDA installation in Sweden is another green energy Bitcoin miner.
Ultimately, Anders concludes, “It’s super cool that more miners are coming to the Nordic European countries to help us with this mission.”
Magazine: Bitcoin is on a collision course with ‘Net Zero’ promises
Cryptocurrency
NEXST Launches Web3 VR Entertainment Platform with K-Pop Group UNIS as First Global Partner

[PRESS RELEASE – Dubai, UAE, July 7th, 2025]
Revolutionizing fandom with AI, VR, and Web3 technology
Leading the next wave of immersive digital entertainment, NEXST proudly announces the launch of its groundbreaking VR division, powered by cutting-edge AI, VR, Web3, and Real-World Assets (RWA). The platform’s first major collaboration features rising global K-Pop sensation UNIS, making their virtual debut in a revolutionary new format.
As a next-generation AI-driven entertainment platform, NEXST is on a mission to reshape how fans connect with artists. With immersive VR content, real-time interactivity, and digital ownership through Web3, NEXST offers fans an entirely new way to experience music and storytelling.
“We believe the future of entertainment is immersive, decentralized, and artist-centric,” said Axel Gutman, Co-Founder of NEXST.
“Welcoming UNIS to the NEXST VR LIVE platform is just the beginning. We’re excited to announce more collaborations with global artists and top K-Pop stars in the coming months.”
Introducing NEXST VR LIVE: Immersive Web3-Enabled Experiences
NEXST VR LIVE is a dedicated division focused on creating immersive XR experiences using Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). This initiative bridges globally famous artists, beloved IPs, and interactive VR environments—seamlessly integrated with Web3 technology.
Key features include:
- Virtual concerts and performances with world-class artists
- Interactive fan experiences powered by AI
- Web3 integration that allows fans to own, trade, and participate in the entertainment economy
- A smooth Web2-to-Web3 transition for mainstream fans
Inaugural Artist Announcement: K-Pop Powerhouse UNIS Joins NEXST VR LIVE!
Kicking off the launch is UNIS, the powerhouse K-Pop girl group formed through SBS’s hit survival show UNIVERSAL TICKET. Since their 2024 debut with WE UNIS and breakout single SUPERWOMAN, UNIS has captured the hearts of fans worldwide with their energy, vocals, and fierce Gen Z appeal.
By partnering with UNIS, NEXST taps into a vibrant, global fanbase—helping transition millions of Web2 music fans into the Web3 world.
$NXT Token: Powering the Web3 Entertainment Economy
The $NXT token powers the NEXST entertainment platform with real-world and digital utilities that enhance fan engagement, access, and ownership.
- Exclusive Access: Unlockig VR concerts, discounted live tickets, VIP events, and early content drops.
- AI & Fan Interaction: Accessing premium AI agent features, advanced LLM tools, and participate in artist growth via fan voting.
- GameFi Rewards: Earning $NXT through gameplay, unlock in-game NFT items, and receive exclusive airdrops.
Details about the $NXT will be released soon via NEXST’s official social channels.
The Road Ahead: NEXST’s Vision for a Connected Future
NEXST will continue to push the boundaries of innovation by integrating AI, VR, and Web3 technologies across various entertainment domains, including music, live performances, and fan communities. Following UNIS, we aim to deepen collaborations with a diverse array of global artists and IPs, consistently delivering next-generation entertainment experiences that foster deeper connections between fans and artists.
We invite you to anticipate more groundbreaking events, collaborations, and updates as we collectively build the future of entertainment.
About NEXST
NEXT INNOVATIONS TECHNOLOGY L.L.C is a cutting-edge entertainment platform developer based in the UAE, dedicated to pioneering next-generation digital experiences.
Staying Connected with NEXST
About UNIS
UNIS is an 8-member South Korean girl group formed through SBS’s survival audition program UNIVERSE TICKET. After debuting on March 27, 2024, with their first mini-album WE UNIS, they have remained highly active, releasing their first single album CURIOUS in August of the same year and unveiling SWICY in 2025. Since their debut, they have continued to expand their global presence through various music shows and events.
UNIS Official Channels
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Cryptocurrency
We Asked Gemini, ChatGPT, Grok Where Cardano (ADA) Will End 2025: The Verdict Will Surprise You

TL;DR
- With bitcoin sitting close to its all-time high of almost $112,000, the general perception among traders and investors is that the bull market is still going on.
- As such, we decided to ask a few of the biggest AI solutions (Grok, ChatGPT, and Gemini) about one of the most popular altcoins – ADA, and its market potential this cycle.
How High Can ADA Go?
Unlike our similar article regarding XRP, the AI solutions provided more skeptical and, in some cases, bearish price predictions for ADA. ChatGPT, for example, warned investors not to anticipate fireworks from Cardano’s native token by the end of the year, stating, “Expect ADA to float in the $0.55-$0.65 range early in H2.”
Its most aggressive scenario envisions a price surge to somewhere between $1-$2, but said it’s not very likely the asset will go this high. Additionally, it cautioned users that if market support falters in the following months, ADA can drop well below its current levels of around $0.6.
Grok was slightly more bullish on the token’s future price trajectory. Its most realistic price range by the end of the year is “likely between $0.9 and $2.05, with an average around $1.21 and $1.48 if key resistance levels (e.g., $1.1) are breached and market conditions remain favorable.”
It touched upon some of the most extreme predictions circulating online, such as ADA at $7, but labeled them as “less credible without unprecedented adoption.”
Gemini described the overall market sentiment toward Cardano as “cautiously optimistic.” However, it warned that its price could struggle for the next few months and end the year at $0.55, which would mean a lower level than the current one.
What Would Drive This Volatility?
Although their price targets for the end of the year differentiated, the AI solutions were united in terms of what could drive the price gains or losses.
If ADA is to surge toward the most bullish zones outlined in the previous paragraphs, certain factors need to be aligned, ChatGPT, Grok, and Gemini said. One of the most important is the potential approval of a spot ADA ETF in the US. The current odds, according to Polymarket, are above 80% for a green light, and several companies have filed to launch such financial vehicles.
If approved, they can attract significant institutional interest, which would be a price booster. Other factors that could send ADA higher include technical upgrades, such as the January-implemented Plomin, which introduced a more sophisticated on-chain governance procedure, expanding the blockchain’s DeFi capabilities, and the overall market structure.
However, the AI chatbots also indicated that regulatory uncertainty, ecosystem stagnation, or broader market downturns could cap ADA at $0.6 or push it even lower. Consequently, the trio warned that investors should do their own research and not rely solely on AI-based predictions.
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Cryptocurrency
Ethereum Price Analysis: Is ETH Primed for Further Gains After Surge Past $2.5K?

Ethereum recently broke above the 200-day moving average and completed a pullback; however, the lack of strong bullish momentum suggests a higher likelihood of continued sideways consolidation.
Technical Analysis
By ShayanMarkets
The Daily Chart
After a period of consolidation between the 100-day and 200-day moving averages, ETH successfully broke above the 200-day MA at $2.5K, followed by a pullback. While this move is typically viewed as a bullish signal, ETH has failed to demonstrate strong follow-through, indicating weak market participation and insufficient bullish momentum.
As a result, the likelihood of continued sideways consolidation has increased. Currently, the price remains trapped between the 200-day MA and the critical $2.8K resistance level, with a decisive breakout in either direction needed to establish the next major trend.
The 4-Hour Chart
On the lower timeframe, Ethereum’s recent rally was halted at a key bearish order block between $2,625 and $2,670, a zone that has consistently attracted selling pressure. The rejection has led to a retracement toward the $2.5K support level — a historically significant zone where buyers have previously stepped in.
As anticipated, ETH found temporary support here and attempted a minor rebound. However, the current lack of trading volume and diminished bullish momentum suggests the potential for another rejection at the overhead resistance. Until a breakout above $2,670 or below $2.5K occurs, Ethereum is expected to remain range-bound.
Sentiment Analysis
By ShayanMarkets
This chart presents the Binance Liquidation Heatmap, highlighting zones where significant liquidation events are likely to occur. These areas often act as liquidity magnets, attracting price action due to the concentration of leveraged positions. Large market participants, commonly referred to as whales, tend to exploit these zones to enter or exit positions efficiently.
Currently, a prominent cluster of liquidation levels is situated just above the $2.6K mark, suggesting a strong likelihood that Ethereum’s price could gravitate toward this region. If reached, it may trigger a short-squeeze, fueling further upward momentum and potentially propelling ETH toward new local highs.
Conversely, another substantial liquidity pool resides below the $2.5K level, implying the possibility of a downward move to tap into this zone. As a result, Ethereum remains confined within a tight range between these liquidity clusters, awaiting a decisive breakout to determine the next directional move.
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Cryptocurrency charts by TradingView.
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