Welcome back, guys. This is HashrateUp. This week with a short focus episode or news episode
talking about the current developments within AI and Bitcoin mining as the news come in daily.
And I need to cover these because they have a very, very strong impact on the industry that
I do love so much. HashrateUp. Hardware sales, advisory, hosting, and side brokerage. Find new
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with hash rate up. We are recording at 939593. We're currently a little bit above target. We have
a hash price of 30.5 and the network has, and I say this often, reduced from about 1.15 extra hash
to 1 extra hash today. This is especially relevant for this episode. What I want to do is go through
some news here quickly to give you guys a bit of an idea of what the AI pivot really means for any
of you that don't follow these news on a daily basis especially if you are mining this is highly
relevant and at the end of the video I will explain my sort of thesis for this year. Bitfarms wins
local approval to advance Pennsylvania AI data center project. Bitfarms previously purely focused
on Bitcoin mining. This news is from about two weeks ago from the 25th of February. Next up,
we have CoreWeave seeking $8.5 billion loan as AI infrastructure debt piles up, right? These guys
secured a $14.2 billion contract with Meta, formerly Facebook, and they need that money to
develop infrastructure and deliver on those promises. Next up, we have Miner Weekly. Very
interesting 33 billion in bonds is fueling the ai megawatt arms and keep in mind i'm doing this
chronologically right so now we're on the 26th of february what's interesting here is this section
down here you can see that six to nine percent is what ai infrastructure builders and developers have
to pay in interest because the market really isn't super sure yet is this all a big bubble and is it
going to disappear next year or not, right?
So this is where currently the interest rate is set.
And it should be mentioned that currently US Treasury yields are hovering about 4.5% as
sort of the baseline for the riskless rate as the current financial system is set up around the 10 treasury that the US gives out
Next up, we have Terrowolf securing over $12.8 billion in contracts as AI transition accelerates.
Another one, you know, Terrowolf formerly only Bitcoin mining.
Maran now and Starwood formed strategic partnership to develop 2.5 gigawatt AI infrastructure
platform.
Mara also finally doing the pivot and shareholders are renumerating or rewarding that move.
If you have looked at the recent stock price of Mara.
OpenAI secures $110 billion in new funding to fuel global AI scaling.
I think the biggest contributors here are SoftBank, NVIDIA, Amazon, right?
Big players in the game.
Terawolf, again, CEO sets plan to sell 1.65 million shares.
this is another common thread common trend these companies now have to somehow find the liquidity
to fund that infrastructure build out terrorwolf opts to sell shares to do so and further diluting
their shareholders applied digital targets 2.15 billion bond sale for north dakota ai data center
this is now from the 3rd of march core scientific sold 1.1900 bitcoin in january expects to sell
remaining 600 in Q1. That is basically in the next three weeks, right? Again, seeking that liquidity
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without further ado, let's get back to it. Marathon expands BTC sales, same story. Core Scientific
Atlantic lands 500 million loan right at 7.8%.
That is fairly good.
If you remember the previous news around the 33 billion one purchase where the interest rate was 6 to 9 Now 000 bitcoin and rising miners are selling faster and filing suggests more is coming this is the level of of bitcoin
being so public miners accelerate bitcoin sales amid market slump right the the different entities
listed down here core scientific clean spark right bit dear kango all of these guys selling yeah in
february up to 6 000 bitcoin kangoo again unplugs 30 of bitcoin hash rate as hash price slump bites
right so this is sort of a self-inflicting loop now these big miners are pivoting to ai
they are committing capital there they're unplugging their rigs bitcoin price has been falling
partly because these guys are selling bitcoin like they never have before in order to fund that ai
craze which then further makes the case for pivoting to ai because now the hash price is at 30 as we
saw in the beginning of this video slightly unrelated but also interesting iran conflict
not major concern for bitcoin mining hash rate say experts right so wolfie the reporter over at the
the miner mag assumes that iran's power grid could lead to 2.5 percent drop of the bitcoin
hash rate and of course 2.5 percent is nothing if we think back to the china mining ban now
all of this is super interesting and it's developing so quickly and every week we have
a new stack of news following in the last week's footprint, basically. So I think all of this news
means that if you can survive this hash price slump around 30, falling below 30, this pivot to AI,
all these guys selling their Bitcoin to fund that, you know, if you can survive it, and if your
break even is low enough, you will see the rewards this year. We have seen over the last five years
difficulty increasing steadily and now that's stopping right difficulty has been decreasing
this year is our winter storm in america that was periodic but now you can see there's a trend here
going going down and the network hash rate also decreases this is the one year this is again october november last year to today right you can see hash rate is stagnating or decreasing and i think this trend will continue this year because you can see that oems are trying
to sell the machines as as much as they can they're trying to plug them in themselves you see
all these big miners not putting purchase orders in and they are partly what funded this big build
out over the last couple years we've seen these big public miners take on shareholder money and
raising funds to put these big buying orders in and i think in part that's very unnatural growth
that stems from the current financial system being leveraged to do that and i think that
buck is stopping this year and we will see stagnation or a decrease year over year in
global hash rate and so if you are online what that will translate to is you getting more bitcoin
for your hash rate right we've seen over the last couple weeks where difficulty has decreased
a steady increase of hash rate right this was the big winter storm now that winter storm time is over
the hash rate went back online in part so difficulty went back up again and bitcoin price
or bitcoin hash price dropped again but i think structurally this bitcoin hash price is going to
move up irrespective of what the u.s dollar hash price is and if bitcoin keeps doing what it's doing
price-wise then that will result in hash price and dollar terms also structurally moving upwards so
if you can survive this you are in a very very good position when you stick to the bitcoin mining
and right now it's very difficult everybody is pivoting to ai it seems that is front and center
bitcoin mining is sort of not the focus anymore but i think that miners who do focus on bitcoin
mining going forward even through the slump that they will be rewarded for that let me know if you
liked this format if you like the news coverage i might want to do this weekly now that the bitcoin
mining and energy news are yeah as i said coming in on a weekly basis and there's tons of it
so to stay on top of it i think it might make sense to do this on a weekly basis let me know
know if that makes sense. Let me know if you got anything out of
this, hit the like button, hit subscribe, all of that good
stuff sponsors like to see it all the best. Have a good week.