A court in Honggang District, Daqing City, Heilongjiang Province, ruled that two men were convicted of stealing electricity by illegally tapping an oil-field high-voltage power line to power Bitcoin mining. The principal offender, Zhang, was sentenced to 10 years in prison and fined 50,000 yuan, while the accomplice, Zhao, was sentenced to 4 years and 10 months and fined 20,000 yuan. The total value of the stolen electricity exceeded 800,000 yuan.

Gate News Report: On March 16th, according to Gate's market data, as of press time, PI (Pi) is trading at $0.20, up 2.24% in the last 24 hours, with a high of $0.27 and a low of $0.19. The current market cap is approximately $1.955 billion. Pi Network is a digital currency platform that enables mining through mobile applications, utilizing breakthrough technology that allows users to mine Pi on their phones without draining battery. The network is characterized by decentralization, mobile-first design, and user-friendly features, dedicated to providing secure and unforgeable digital currency while avoiding the massive power consumption associated with traditional mining. Pi Network ensures network security through an invitation system, allowing users to download the official mobile app to join mining. Recent Important News for PI: 1️⃣ *

Gate News Report, March 11 — According to Gate Market Data, as of press time, PI (Pi) is trading at $0.23, up 7.62% in the past 24 hours, with a high of $0.24 and a low of $0.17. The current market capitalization is approximately $2.248 billion, an increase of $159 million from yesterday. Pi Network is a blockchain community and developer platform dedicated to enabling users to mine Pi tokens easily on their phones through innovative technology. Centered around its groundbreaking technology, the network allows mining via mobile apps without consuming大量电力, making it the first digital currency that can be mined on a mobile device. Pi Network emphasizes decentralization, mobile-first design, and environmental friendliness, aiming to involve more users in the cryptocurrency ecosystem. ##

Gate News bot message, according to the official Gate announcement Gate has delisted trading markets for 18 tokens including DEGOD, DOAI, AIAGENT, KARATE, THN, ONC, MINE, PAIN, MONG, ETHS, MAGA, SRM, CKP, FOMO, HIVP, UNCOMMONGOODS, CULT, SGB. These tokens were re-evaluated by Gate and determined not to meet the standards for trading activation. For users who have submitted the form and meet the requirements, Gate has deposited the corresponding buyback amount into their accounts. After delisting, users can still use Gate as a wallet to store assets for these tokens. The specific delisting time and operational details of the wallet functions will be announced separately through an official announcement.

Starcloud announces that later this year it will mine Bitcoin through space mining, becoming the first company to mine outside of Earth. CEO Philip Johnston mentioned that operating ASIC miners in space costs less than GPUs, and this industry is expected to grow rapidly. Starcloud's data center consists of 88,000 solar-powered satellites.

Gate News Report, March 8, according to Cointelegraph, Starcloud CEO Philip Johnston stated plans to mine Bitcoin in space.

ChainCatcher reports that, according to CoinDesk, Bitcoin is only a few days away from the 20 millionth coin being mined. Currently, over 95% of the total supply of 21 million coins is in circulation. The remaining 1 million BTC will take another 114 years to mine.

Paraguay's National Electricity Company signs a Memorandum of Understanding with Morphware, planning to launch a government-led Bitcoin mining pilot project. The first phase will deploy 1,500 confiscated mining machines to mine using hydropower resources. The government will discuss strategies for Bitcoin sales and asset holdings.

Gate News Bot Message, February 28th, according to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.17, up 2.82% in the past 24 hours, reaching a high of $0.17 and a low of $0.16. The 24-hour trading volume is $150 million. The current market capitalization is approximately $1.617 billion, an increase of $44.3 million from yesterday. Pi Network is a groundbreaking mobile cryptocurrency mining platform that allows users to mine easily through a mobile app without consuming大量电力. The project uses innovative technology to achieve truly decentralized, secure, and tamper-proof digital currency. Pi emphasizes user-friendliness and sustainability, aiming to solve the high energy consumption issues of traditional cryptocurrency mining and enable more ordinary users to participate in the crypto ecosystem.

Gate News bot message, according to the official Gate announcement Gate has decided to delist trading markets for 19 tokens after evaluation. The tokens involved in the delisting include DEGOD, DOAI, AIAGENT, KARATE, THN, ONC, MINE, PAIN, MONG, ETHS, MAGA, SRM, CKP, FOMO, HIVP, UNCOMMONGOODS, CULT, SGB, and PIG. All corresponding trading pairs are the tokens paired with USDT. Gate has suspended deposits for these tokens and will pause their trading services, including related spot trading pairs and quantitative grid, at 11:00 ( UTC+8 on February 15, 2026. After March 2, 2026, users who still hold these tokens on the Gate platform can apply for buyback. The buyback prices vary by token, with a maximum individual compensation limit of 100 USDT, and PIG tokens are not included in this buyback. Users must submit buyback requests between 00:00 ) UTC+8 on March 2, 2026, and 00:00 ( UTC+8 on March 9, 2026. After delisting, the Gate platform will still serve as a wallet for these tokens. The specific delisting time for wallet functions will be announced separately.