Welcome back everybody. This is another news episode looking at some articles from last week.
Happy Monday. I hope you have a great week ahead. HashrateUp. Hardware sales, advisory, hosting,
and site brokerage. Find new and use ASIC deals through the website and the Telegram channel
below. Make smarter decisions with HashrateUp. So first up we have the Winter or Winter Mute
article here. It says Epoch 5 structurally different BTC mining cycle. It's a very interesting
article that talks about the low fee environment the ai pivot as well and the underutilized lever
of btc sitting on the sidelines so they're talking about how miners can make extra revenue to get
through these low revenue times maybe putting some capital at risk maybe pivoting to ai is the right
play refreshing your fleet and then yeah epoch 5 is structurally different peak margins the cycle
are where prior cycles bottomed the halving math no longer works and fees haven't filled the gap
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.
and so this is also really interesting article mullet mining ai hpc with bitcoin mining for that
fixed usd revenue and then mining absorbs the surplus whether your site qualifies comes down
to three things power flexibility a credible cooling upgrade path and the location match for
your target ai workload and then last but not least purpose-built ai facilities are coming online
and the conversion advantage is compressing.
Evaluate now or risk evaluating too late.
So give this a look.
If you are a data center operator,
if you're interested just in the material,
it's very interesting to read through that.
Next up, the impact of rising oil prices.
This is obviously in the energy space,
which Bitcoin mining is closely tied to the story right now.
Oil, Iran, conflict, the US, all of that stuff.
But the guys have figured out or found out
that according to their data and i know luxa has a lot of it countries where electricity prices
correlate strongly with crude oil host an estimated six percent of global hash rate so the energy cost
rising because of the oil crisis energy crisis is not likely to impact the bitcoin mining hash rate
but we will see i mean i don't think the last word has been spoken or we're very very far from it
So we'll see what that turns into and if that will impact
Bitcoin mining down the line.
Next up, last week, MicroBT released quite silently, I would
say, the new Wattsminer M7D series, which to me has been
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
in data centers in finland because they're the inlet temperature the outlet temperature
for the district heating is quite important but this i think goes in line with
with some of these data center upgrades that we're seeing you know these units need a lot of power
they need a lot of power constantly so yeah microbt came out with this but again this has been
described to me as overclocked current models factory stock overclocked but give this another
look if you're in the market for asics and let me know if you have any questions next up we have
who's mining the most bitcoin in last pre-harving month estimated bitcoin production for march 2024.
next up we have hive expands ai data centers in canada as sweden bitcoin hash rate winds down
right so this obviously plays into the ai pivot hive is doing similar things they are expanding
their ai data center footprint in canada while i think this is down here the regulatory pressure
has created operational uncertainty for the company's traditional mining business in sweden
prompting the strategic shift so yeah we hear this quite often i would say once a year i hear some
nordic countries saying no to bitcoin mining last year it was norway's turn and i think yeah sweden
is among the nordic countries the least favorable when it comes to bitcoin mining and instead of
continuing to operate large fleets of specialized bitcoin mining machines hives said it plans
to convert its seven megawatt facility in bowden into a tier three data center designed to host gpu
clusters for ai workloads so there you go that company is pivoting it's using the infrastructure
that it has already built upgrading it and then using it for ai this is again worth following
but it echoes what we've talked about before also worth the read this is on the minor mag these are
are all the last few articles are all on the miner mag wolfie doing quality work covering the space
and i'm here to pick my cherries basically bitcoin miner creditor claim 13.6 million in
block fills background see this also i didn't hear many speaking about this but according to court
documents violence on sunday entities tied to the bitcoin mining sector hold at least 13.6 million
in unsecured claims against the company including simple mining bit farms and ashton sonyard co-founder
of Bitcoin mining firm condiment out of these three this is the most interesting to me simple
mining what this means is they gave alone their old money and there is no collateral so they have
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
solomining.de got it premium made in germany you want to go fancy go for nerdx or nerdqx plus plus
for a lot of power worldwide shipping check out solomining.de today yeah so next up we have tarulf
adding another half a billion bridge loan into their liquidity portfolio for the ai data center
in kentucky hpc pivot it's the story of the quarter and it will continue next up we have
bid they're reaching 68 extra hash rate and completing 375 million note offering right so
these guys obviously public miners they put out targets they reach them they don't reach them that
that informs stock pricing and we start again right so biddy reaching 68 exahash per second
the total hash rate under management reached 79 exahashes at the end of February and then
proprietary hash rate alone rose to 70 exahashes from 9.4 in February I think this also has to do
and this it says here the increase was driven largely by the rollout of bitty's internally
designed seal miner rigs as of February cumulative deployed capacity from the seal miner a3 model
reached 11.4 exa hashes while a2 deployments totaled 48.4 exa hashes the company said new
hardware shipments and additional deployments are expected to continue lifting its hash rate
in the coming months but Bitdea also has the issue of no demand for a6 so now they famously
went into designing their own building their own asics and they have to put them somewhere and
luckily they have capacity but that means they sell their old equipment they rotate their new
equipment in that means more equipment is on the market and yeah and until we see more demand in
the open market i think it's going to be tough for these oems micro bt bitmain bit dear to sell
their machines to the open market but again worth following next up we have bit the launching script
miner as bitcoin mining hardware market titans exactly what we just talked about right so these
guys build and design their own machines last time whenever we did this news episode we saw foundry
the mining pool opening a zcash mining pool soon and this i think goes into the similar similar
vein or this i think speaks to the same thing right the diversification in the wider crypto space
this is bidia a big bitcoin miner pivoting and launching a script miner to see if there's demand
for that next up we have kangaroo reporting a 450 million net loss for 2025 amid ai infrastructure
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
the company had mined a cumulative of 7 500 coins and then down here we covered this as well before
kangaroo sold 305 million worth of bitcoin in february so i think they sold it at a big loss
and then drew down digital asset reserves by 60 company also reported 30 reduction in its
operating hash rate and then they sold the money to cover debt and for their ai pivot right so you
sell Bitcoin Bitcoin price drops hash price drops to fund AI pivot this is again probably the most
interesting story in Bitcoin mining this year and I cannot wait to see how it plays out last this
may be a pointer as to how it plays out Bitcoin difficulty set for eight percent drop right
exceeding 2022 capitulation you can read through this but basically we are seeing and this is the
adjustment being imminent at the time of this recording it's friday today we are at 98 percent
in the epoch we're at 30 hash price and we're going to see a minus seven percent drop which
is significant and i think we're going to see these going forward because this ai pivot is far
from done and i think if you look at the at this report the winter mute report and this mining
report and then all this AI pivot stuff that has similar effects right so if we go to difficulty
now historically let's look at the one year difficulty real quick we can see that this
difficulty is decreasing decreasing decreasing this is where the winter storm happened we're
kind of stagnant we're not getting back up there the hash rate from before is not turning on so
this is more structural and now we're going to see an eight percent drop and it's going to be
very interesting to follow difficulty going forward this year this time might be different
we haven't had times like this before also if you look at the network hash rate on the
smooth moving average of seven days right at the top of october 18th we were at one one five seven
exahash and now we're at 930 so yeah we lost quite a bit of hash rate there again you can see the
winter storms in the u.s you can see that here all the hash rate turned off and then you can see that
hashrate doesn't fully come back online and now yeah we're at 930 so let's see where hash rate goes
i have a feeling that bitcoin is going to do what it has been doing price-wise and that
hash rate will stay stagnant and we'll see where hash price will go as a result but
if this keeps on going there's no way it can decrease right so yeah good time to have minus
online. I hope you guys got something out of this read through
the articles that interest you have a great week. See you later.
Bye bye.