Bitcoin Set to Break $110K as KSDMiner Sees Surge in Cloud Mining Users

The report points to the $103,000 to $105,000 price range as a critical trigger zone, supported by a narrowing triangle pattern on the BTC chart, which often signals an imminent sharp price breakout.

The current price of Bitcoin is $111,430.14 per (BTC/USD) and the current market capitalization is $2,213.91 billion. The 24-hour trading volume is $90.80 billion. 

— KSD Miner (@KSDMiner) May 22, 2025

In the same report, KSDMiner highlights an increasing influx of BTC enthusiasts turning to its cloud mining platform to capitalize on mining opportunities without needing expensive hardware. KSDMiner’s CEO emphasized that rising market confidence drives growth within the cryptocurrency ecosystem and across technology companies and financial institutions. This trend will accelerate blockchain adoption and foster innovative applications across traditional industries.

Established in 2016, KSDMiner has built a global presence with over 8.5 million users, managing over 100 mining farms worldwide and with over 3.2 million mining devices. The platform offers military-grade security measures, supports numerous mainstream cryptocurrencies, and provides a user-friendly interface accommodating newcomers and seasoned investors.

A key feature of KSDMiner’s offering is its USD-pegged mining contracts, which protect users from cryptocurrency price volatility by converting deposits and earnings into real-time USD equivalents. 

For instance, investors in the Bitcoin Miner S21 XP contract, who invested $10,800, earned daily returns of 1.9%, resulting in $5,745 in profit after 28 days while recovering their initial investment.

As a result, KSDMiner’s cloud mining service is emerging as a compelling and stable alternative for BTC holders seeking steady income beyond price appreciation. Users can begin mining quickly via KSDMiner’s website or mobile app.

Meanwhile, as the demand for cryptocurrencies grows globally, power theft related to illegal crypto mining has surged by over 300% in Malaysia in the past six years, according to Tenaga Nasional Berhad (TNB), the country’s largest electricity provider, highlighting the wider implications of the booming crypto industry.

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