1 00:00:00,000 --> 00:00:04,780 Welcome back everybody. This is another news episode looking at some articles from last week. 2 00:00:04,920 --> 00:00:10,720 Happy Monday. I hope you have a great week ahead. HashrateUp. Hardware sales, advisory, hosting, 3 00:00:11,020 --> 00:00:16,020 and site brokerage. Find new and use ASIC deals through the website and the Telegram channel 4 00:00:16,020 --> 00:00:22,680 below. Make smarter decisions with HashrateUp. So first up we have the Winter or Winter Mute 5 00:00:22,680 --> 00:00:28,320 article here. It says Epoch 5 structurally different BTC mining cycle. It's a very interesting 6 00:00:28,320 --> 00:00:35,120 article that talks about the low fee environment the ai pivot as well and the underutilized lever 7 00:00:35,120 --> 00:00:40,140 of btc sitting on the sidelines so they're talking about how miners can make extra revenue to get 8 00:00:40,140 --> 00:00:45,260 through these low revenue times maybe putting some capital at risk maybe pivoting to ai is the right 9 00:00:45,260 --> 00:00:50,220 play refreshing your fleet and then yeah epoch 5 is structurally different peak margins the cycle 10 00:00:50,220 --> 00:00:54,820 are where prior cycles bottomed the halving math no longer works and fees haven't filled the gap 11 00:00:54,820 --> 00:01:24,020 So I really enjoyed this article. It definitely provides some context and furthers thinking. Next up, we have mullet mining, a term that I really love. AI in the front, SHA-256 in the back, right? So how can miners utilize these? How can they become service providers to AI? How can AI data centers maybe qualify for new interconnections now that, you know, they are becoming very, very scarce, at least the ones with high uptimes and high power density. 12 00:01:24,020 --> 00:01:32,060 and so this is also really interesting article mullet mining ai hpc with bitcoin mining for that 13 00:01:32,060 --> 00:01:38,100 fixed usd revenue and then mining absorbs the surplus whether your site qualifies comes down 14 00:01:38,100 --> 00:01:43,160 to three things power flexibility a credible cooling upgrade path and the location match for 15 00:01:43,160 --> 00:01:49,080 your target ai workload and then last but not least purpose-built ai facilities are coming online 16 00:01:49,080 --> 00:01:51,480 and the conversion advantage is compressing. 17 00:01:51,940 --> 00:01:54,360 Evaluate now or risk evaluating too late. 18 00:01:54,580 --> 00:01:55,280 So give this a look. 19 00:01:55,740 --> 00:01:57,460 If you are a data center operator, 20 00:01:57,460 --> 00:01:59,480 if you're interested just in the material, 21 00:02:00,000 --> 00:02:02,040 it's very interesting to read through that. 22 00:02:02,160 --> 00:02:04,280 Next up, the impact of rising oil prices. 23 00:02:04,280 --> 00:02:06,140 This is obviously in the energy space, 24 00:02:06,640 --> 00:02:10,580 which Bitcoin mining is closely tied to the story right now. 25 00:02:11,020 --> 00:02:15,040 Oil, Iran, conflict, the US, all of that stuff. 26 00:02:15,240 --> 00:02:18,320 But the guys have figured out or found out 27 00:02:18,320 --> 00:02:22,960 that according to their data and i know luxa has a lot of it countries where electricity prices 28 00:02:22,960 --> 00:02:29,280 correlate strongly with crude oil host an estimated six percent of global hash rate so the energy cost 29 00:02:29,280 --> 00:02:37,760 rising because of the oil crisis energy crisis is not likely to impact the bitcoin mining hash rate 30 00:02:37,760 --> 00:02:44,080 but we will see i mean i don't think the last word has been spoken or we're very very far from it 31 00:02:44,080 --> 00:02:47,980 So we'll see what that turns into and if that will impact 32 00:02:47,980 --> 00:02:49,540 Bitcoin mining down the line. 33 00:02:50,380 --> 00:02:56,080 Next up, last week, MicroBT released quite silently, I would 34 00:02:56,080 --> 00:03:00,400 say, the new Wattsminer M7D series, which to me has been 35 00:03:00,400 --> 00:03:19,470 described as just the M70 series being overclocked So we got a couple new models the m7 ds 13 joule per t 700 tera hash so that more higher density power stuff um we see this potentially being applied 36 00:03:19,470 --> 00:03:24,190 in data centers in finland because they're the inlet temperature the outlet temperature 37 00:03:24,830 --> 00:03:30,670 for the district heating is quite important but this i think goes in line with 38 00:03:30,670 --> 00:03:36,910 with some of these data center upgrades that we're seeing you know these units need a lot of power 39 00:03:36,910 --> 00:03:43,150 they need a lot of power constantly so yeah microbt came out with this but again this has been 40 00:03:43,150 --> 00:03:50,110 described to me as overclocked current models factory stock overclocked but give this another 41 00:03:50,110 --> 00:03:57,310 look if you're in the market for asics and let me know if you have any questions next up we have 42 00:03:57,310 --> 00:04:04,830 who's mining the most bitcoin in last pre-harving month estimated bitcoin production for march 2024. 43 00:04:04,830 --> 00:04:12,030 next up we have hive expands ai data centers in canada as sweden bitcoin hash rate winds down 44 00:04:12,030 --> 00:04:20,590 right so this obviously plays into the ai pivot hive is doing similar things they are expanding 45 00:04:20,590 --> 00:04:26,270 their ai data center footprint in canada while i think this is down here the regulatory pressure 46 00:04:26,270 --> 00:04:31,070 has created operational uncertainty for the company's traditional mining business in sweden 47 00:04:31,070 --> 00:04:38,750 prompting the strategic shift so yeah we hear this quite often i would say once a year i hear some 48 00:04:38,750 --> 00:04:44,910 nordic countries saying no to bitcoin mining last year it was norway's turn and i think yeah sweden 49 00:04:44,910 --> 00:04:51,070 is among the nordic countries the least favorable when it comes to bitcoin mining and instead of 50 00:04:51,070 --> 00:04:56,190 continuing to operate large fleets of specialized bitcoin mining machines hives said it plans 51 00:04:56,190 --> 00:05:02,270 to convert its seven megawatt facility in bowden into a tier three data center designed to host gpu 52 00:05:02,270 --> 00:05:08,350 clusters for ai workloads so there you go that company is pivoting it's using the infrastructure 53 00:05:08,350 --> 00:05:15,070 that it has already built upgrading it and then using it for ai this is again worth following 54 00:05:16,030 --> 00:05:21,950 but it echoes what we've talked about before also worth the read this is on the minor mag these are 55 00:05:21,950 --> 00:05:27,190 are all the last few articles are all on the miner mag wolfie doing quality work covering the space 56 00:05:27,190 --> 00:05:33,290 and i'm here to pick my cherries basically bitcoin miner creditor claim 13.6 million in 57 00:05:33,290 --> 00:05:38,430 block fills background see this also i didn't hear many speaking about this but according to court 58 00:05:38,430 --> 00:05:44,030 documents violence on sunday entities tied to the bitcoin mining sector hold at least 13.6 million 59 00:05:44,030 --> 00:05:50,790 in unsecured claims against the company including simple mining bit farms and ashton sonyard co-founder 60 00:05:50,790 --> 00:05:56,370 of Bitcoin mining firm condiment out of these three this is the most interesting to me simple 61 00:05:56,370 --> 00:06:04,830 mining what this means is they gave alone their old money and there is no collateral so they have 62 00:06:04,830 --> 00:06:22,760 to wait until it their turn being paid back in line and we have to see if this has any effect on them and maybe I can get Nick back on the show to talk about this and talk about the potential impact that this might have on their business i hope it doesn have one bitx 63 00:06:22,760 --> 00:06:31,380 solomining.de got it premium made in germany you want to go fancy go for nerdx or nerdqx plus plus 64 00:06:31,380 --> 00:06:38,000 for a lot of power worldwide shipping check out solomining.de today yeah so next up we have tarulf 65 00:06:38,000 --> 00:06:44,960 adding another half a billion bridge loan into their liquidity portfolio for the ai data center 66 00:06:44,960 --> 00:06:53,600 in kentucky hpc pivot it's the story of the quarter and it will continue next up we have 67 00:06:53,600 --> 00:07:01,280 bid they're reaching 68 extra hash rate and completing 375 million note offering right so 68 00:07:01,280 --> 00:07:06,640 these guys obviously public miners they put out targets they reach them they don't reach them that 69 00:07:06,640 --> 00:07:15,040 that informs stock pricing and we start again right so biddy reaching 68 exahash per second 70 00:07:15,040 --> 00:07:21,100 the total hash rate under management reached 79 exahashes at the end of February and then 71 00:07:21,100 --> 00:07:30,040 proprietary hash rate alone rose to 70 exahashes from 9.4 in February I think this also has to do 72 00:07:30,040 --> 00:07:35,680 and this it says here the increase was driven largely by the rollout of bitty's internally 73 00:07:35,680 --> 00:07:41,260 designed seal miner rigs as of February cumulative deployed capacity from the seal miner a3 model 74 00:07:41,260 --> 00:07:48,520 reached 11.4 exa hashes while a2 deployments totaled 48.4 exa hashes the company said new 75 00:07:48,520 --> 00:07:53,980 hardware shipments and additional deployments are expected to continue lifting its hash rate 76 00:07:53,980 --> 00:08:02,260 in the coming months but Bitdea also has the issue of no demand for a6 so now they famously 77 00:08:02,260 --> 00:08:07,060 went into designing their own building their own asics and they have to put them somewhere and 78 00:08:07,060 --> 00:08:11,900 luckily they have capacity but that means they sell their old equipment they rotate their new 79 00:08:11,900 --> 00:08:18,520 equipment in that means more equipment is on the market and yeah and until we see more demand in 80 00:08:18,520 --> 00:08:25,540 the open market i think it's going to be tough for these oems micro bt bitmain bit dear to sell 81 00:08:25,540 --> 00:08:30,700 their machines to the open market but again worth following next up we have bit the launching script 82 00:08:30,700 --> 00:08:35,020 miner as bitcoin mining hardware market titans exactly what we just talked about right so these 83 00:08:35,020 --> 00:08:41,020 guys build and design their own machines last time whenever we did this news episode we saw foundry 84 00:08:41,500 --> 00:08:47,900 the mining pool opening a zcash mining pool soon and this i think goes into the similar similar 85 00:08:47,900 --> 00:08:55,740 vein or this i think speaks to the same thing right the diversification in the wider crypto space 86 00:08:55,740 --> 00:09:02,220 this is bidia a big bitcoin miner pivoting and launching a script miner to see if there's demand 87 00:09:02,220 --> 00:09:10,300 for that next up we have kangaroo reporting a 450 million net loss for 2025 amid ai infrastructure 88 00:09:10,300 --> 00:09:33,790 pivot so the company mined a total of 6594 bitcoin throughout 2025 averaging 18 per day in In the fourth quarter read reached 1 700 the oil and cost to mine was 97 000 for the full year increasing to 106 and then as of december 31st 2025 the bitcoin 89 00:09:33,790 --> 00:09:40,170 the company had mined a cumulative of 7 500 coins and then down here we covered this as well before 90 00:09:40,170 --> 00:09:47,270 kangaroo sold 305 million worth of bitcoin in february so i think they sold it at a big loss 91 00:09:47,270 --> 00:09:55,370 and then drew down digital asset reserves by 60 company also reported 30 reduction in its 92 00:09:55,370 --> 00:10:03,350 operating hash rate and then they sold the money to cover debt and for their ai pivot right so you 93 00:10:03,350 --> 00:10:11,730 sell Bitcoin Bitcoin price drops hash price drops to fund AI pivot this is again probably the most 94 00:10:11,730 --> 00:10:17,850 interesting story in Bitcoin mining this year and I cannot wait to see how it plays out last this 95 00:10:17,850 --> 00:10:23,390 may be a pointer as to how it plays out Bitcoin difficulty set for eight percent drop right 96 00:10:23,390 --> 00:10:30,710 exceeding 2022 capitulation you can read through this but basically we are seeing and this is the 97 00:10:30,710 --> 00:10:36,790 adjustment being imminent at the time of this recording it's friday today we are at 98 percent 98 00:10:36,790 --> 00:10:43,610 in the epoch we're at 30 hash price and we're going to see a minus seven percent drop which 99 00:10:43,610 --> 00:10:49,970 is significant and i think we're going to see these going forward because this ai pivot is far 100 00:10:49,970 --> 00:10:56,250 from done and i think if you look at the at this report the winter mute report and this mining 101 00:10:56,250 --> 00:11:02,010 report and then all this AI pivot stuff that has similar effects right so if we go to difficulty 102 00:11:02,010 --> 00:11:07,650 now historically let's look at the one year difficulty real quick we can see that this 103 00:11:07,650 --> 00:11:11,850 difficulty is decreasing decreasing decreasing this is where the winter storm happened we're 104 00:11:11,850 --> 00:11:16,330 kind of stagnant we're not getting back up there the hash rate from before is not turning on so 105 00:11:16,330 --> 00:11:20,590 this is more structural and now we're going to see an eight percent drop and it's going to be 106 00:11:20,590 --> 00:11:25,530 very interesting to follow difficulty going forward this year this time might be different 107 00:11:25,530 --> 00:11:30,410 we haven't had times like this before also if you look at the network hash rate on the 108 00:11:30,410 --> 00:11:36,730 smooth moving average of seven days right at the top of october 18th we were at one one five seven 109 00:11:36,730 --> 00:11:44,310 exahash and now we're at 930 so yeah we lost quite a bit of hash rate there again you can see the 110 00:11:44,310 --> 00:11:49,710 winter storms in the u.s you can see that here all the hash rate turned off and then you can see that 111 00:11:49,710 --> 00:11:56,190 hashrate doesn't fully come back online and now yeah we're at 930 so let's see where hash rate goes 112 00:11:56,190 --> 00:12:02,830 i have a feeling that bitcoin is going to do what it has been doing price-wise and that 113 00:12:03,950 --> 00:12:09,950 hash rate will stay stagnant and we'll see where hash price will go as a result but 114 00:12:11,070 --> 00:12:17,230 if this keeps on going there's no way it can decrease right so yeah good time to have minus 115 00:12:17,230 --> 00:12:20,170 online. I hope you guys got something out of this read through 116 00:12:20,170 --> 00:12:23,170 the articles that interest you have a great week. See you later. 117 00:12:23,290 --> 00:12:23,770 Bye bye.