The company presented a Tesla Cybertruck “Cyberbeast” edition, featuring a custom Bitcoin-themed wrap, actively mining Bitcoin on-site using a Bitaxe device. The showcase was part of a larger marketing initiative tied to a sweepstakes campaign.
Gemini’s Cybertruck Powers Bitcoin Mining
Gemini’s demonstration showcased how a Tesla Cybertruck, equipped with an 845-horsepower tri-motor system and a towing capacity of 11,000 pounds, could serve as a mobile Bitcoin mining rig.
At the heart of the mining operation was a Bitaxe Gamma, a compact and energy-efficient Bitcoin miner developed by Solo Satoshi, a company specializing in home-based mining solutions. The Bitaxe Gamma connects via Wi-Fi, operates quietly, and is designed for easy setup, making it ideal for both at-home and portable mining.
The showcase was part of Gemini’s collaboration with Solo Satoshi at the conference. Solo Satoshi, known for building open-source mining hardware, reported selling over 10,000 miners last month, adding more than 10 petahashes (PH) to the global Bitcoin network.
Gemini’s Cybertruck Giveaway
As part of its Cybertruck sweepstakes, Gemini is offering U.S. residents aged 18 and older a chance to win a Tesla Cybertruck “Cyberbeast” edition, each worth approximately $113,735. The promotion runs from May 19 to June 18, 2025.
Winners will also receive a $2,000 travel stipend for vehicle pickup, along with a cash prize to help cover taxes. Entries are earned by spending $50 on the Gemini Credit Card or making trades on the Gemini Exchange.
Participants can accumulate up to 20,000 entries, with a cap of 10,000 from card purchases, 10,000 from trading, or via alternative entry methods.
Bitcoin Mining Trends in 2025
The sweepstakes comes amid shifts in the Bitcoin mining industry. The April 2024 halving reduced mining rewards from 6.25 BTC to 3.125 BTC, impacting profitability.
Last month, hashprice, measuring earnings per terahash per second—fell to $0.049, down from $0.12 a year ago. Meanwhile, network difficulty reached an all-time high of 123 trillion, pushing miners toward more energy-efficient setups.
Despite these hurdles, global hashrate continues to rise. This month, the Bitcoin network’s total hashrate hit 831 exahashes per second (EH/s), with peaks reaching 921 EH/s, marking a 77% increase from the 2024 low of 519 EH/s.
With new mining hardware deployments and Bitcoin’s price surging past $112,000, analysts predict it could reach $225,000 later in 2025.
It’s important to note that cryptocurrency remains an unregulated digital asset, not recognized as legal tender, and is subject to market risks. The information provided should not be considered financial or trading advice. CryptoNow holds no responsibility for any investment decisions made based on the content of this article.
