The hottest Bitcoin Mining Substack posts right now

And their main takeaways
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Top Crypto Topics

Prepare for the Next Bitcoin Mining Infrastructure Boom

Miner Weekly • 59 implied HN points • 14 Dec 23
💰 Finance Bitcoin Mining Infrastructure Regulation Hardware Corporate Financial
  1. Texas is becoming a major global hub for Bitcoin mining, with plans for significant power capacity expansions.
  2. Several major mining companies are gearing up for infrastructure booms by expanding their mining power capacity in various locations.
  3. Regulation news and corporate developments, like the acquisition of power plants, showcase the ongoing growth and changes in the Bitcoin mining industry.

Review 2023 - Mining Pools

nicosmid • 39 implied HN points • 23 Jan 24
🕹 Technology Bitcoin Mining Blockchain Technology Tech Trends Market Analysis
  1. The top two Bitcoin mining pools, Foundry and Antpool, increased their dominance in 2023.
  2. Hashrate aggregators are fighting to capture market share, relying on primary pools for block creation and managing rewards, posing both opportunities and risks to network decentralization.
  3. Several Bitcoin mining pools came and went in 2023, highlighting challenges and innovations in the industry.

Will mining companies be safe post-halving?

Miner Weekly • 19 implied HN points • 14 Mar 24
💰 Finance Bitcoin Mining Regulation Financial News
  1. Bitcoin halving is approaching with potential impact on mining companies as the hashprice may decrease post-halving, impacting miner profitability.
  2. Public mining companies have been able to maintain gross profits even if hashprice drops to $60/PH/s, with many firms upgrading equipment to reduce costs.
  3. Regulation updates, like Biden's proposed tax, and news on hardware purchases by mining companies reflect ongoing developments in the mining industry.
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Phoenix Puts UAE On Bitcoin Mining Map

Miner Weekly • 39 implied HN points • 23 Nov 23
🔮 Crypto Bitcoin Mining IPO Hardware Infrastructure Regulation
  1. Phoenix, a UAE-based bitcoin mining company, raised $370 million in an IPO on the Abu Dhabi Stock Exchange, highlighting growing interest in bitcoin mining in the region.
  2. Phoenix appears to focus more on hardware distribution rather than proprietary mining, indicating potential plans for diversification in the future.
  3. Key highlights of Phoenix's business include a sizeable team, impressive hashrate capacity, and a revenue stream primarily reliant on hardware sales.

Equity investment is flooding into mining stocks

Miner Weekly • 19 implied HN points • 22 Feb 24
💰 Finance Bitcoin Mining Corporate News Financial News
  1. Equity investment is pouring into mining stocks like CleanSpark, Iris Energy, and HIVE, which raised over $350 million through stock offerings.
  2. Public mining companies like Iris Energy, CleanSpark, and HIVE are expected to invest around $450 million in buying additional Antminer S21s from Bitmain.
  3. Companies, including BlackRock subsidiaries, are increasing their positions in various mining stocks, indicating a surge in equity financing for mining companies.

Mining machines are as cheap as ever

Miner Weekly • 39 implied HN points • 23 Oct 23
🕹 Technology Bitcoin Mining Hardware and Infrastructure Corporate News
  1. Mining machines' prices hit all-time lows, with some models trading at less than $10/TH/s.
  2. For the Antminer S19j Pro, at an energy rate of $0.07/kWh, profitability hinges on bitcoin's hashprice staying above a crucial $50/PH/s mark.
  3. Bitcoin's hashrate is growing faster than its market price, potentially leading to a significant reduction after the next halving.

Manage Your Mining Fleet Like a Pro

nicosmid • 39 implied HN points • 13 Jun 23
🕹 Technology Bitcoin Mining
  1. Managing a mining fleet involves similarities with managing a fleet of vehicles.
  2. Understanding fleet management can benefit the operation of mining fleets.
  3. Consider applying strategies from vehicle fleet management to optimize mining operations.

Review 2023 - Energy

nicosmid • 19 implied HN points • 30 Jan 24
🕹 Technology Bitcoin Mining Sustainable energy Environmental Impact Energy consumption
  1. Bitcoin mining power usage in 2023 was around 16-18 GW with over 50% coming from renewable sources.
  2. Bitcoin mining industry leads in using sustainable energy and saw a significant increase in the mix of renewable sources.
  3. Bitcoin miners can operate independently of traditional power grids and 75.3% of off-grid mining relies on sustainable energy.

5,700 tons of bitcoin miners

Miner Weekly • 39 implied HN points • 18 Mar 23
💰 Finance Bitcoin Mining Cryptocurrency Corporate News Feature
  1. The U.S. saw significant shipments of bitcoin miners in January 2023 and September 2022, contributing to the surge in bitcoin's hashrate.
  2. Bitmain's AntMiner S19 product line dominated the identified miner shipments to the U.S., with MicroBT also shipping a significant amount of WhatsMiner parts.
  3. Regular updates on import records of bitcoin miner shipments can provide insights into the hardware market dynamics in the U.S., including different shippers and consignees.

Treasury Management Strategy

nicosmid • 19 implied HN points • 07 Mar 23
💰 Finance Bitcoin Mining
  1. The post discusses treasury management strategy for Bitcoin mining operations.
  2. It covers strategies and techniques to manage cash flow and reduce financial risks.
  3. The importance of effective treasury management to succeed in the volatile Bitcoin mining sector.

Holy H@&#rate!

nicosmid • 19 implied HN points • 28 Mar 23
🔮 Crypto Bitcoin Mining
  1. The network's hashrate has achieved a record high, reaching 358EH/s from 265EH/s in the first quarter of the year.
  2. There's been a 35% growth in the network's hashrate.
  3. A further increase of 7EH/s in the next few days could lead to a 100EH/s rise in the first quarter of the year.

Galaxy’s vertical bet

Miner Weekly • 19 implied HN points • 31 Dec 22
🕹 Technology Bitcoin Mining Digital Assets Energy consumption Regulation Hardware and Infrastructure
  1. Galaxy Digital acquired distressed assets from Argo Blockchain, showcasing a move towards vertical integration.
  2. Galaxy's increased focus on self-mining production may pave the way for more competitive cost efficiencies.
  3. The cryptocurrency industry's landscape saw significant developments in 2022, with companies facing challenges and seeking strategies for growth in the coming year.

Miner Weekly: Here’s how much Core Scientific owes to whom

Miner Weekly • 0 implied HN points • 29 Oct 22
💰 Finance Bitcoin Mining Corporate News Regulation News Hardware & Infrastructure
  1. Core Scientific owes a significant amount - $880 million in notes payable as of June 30th.
  2. The company's total notes payable increased from $692m on Dec. 31 to $770m on Mar. 31 and finally to $880m on Jun. 30.
  3. Core Scientific is facing challenges meeting debt obligations due to net interest expenses, reduced cash, and difficulties in production.

Coin Metrics’ State of the Network: Issue 200

Coin Metrics' State of the Network • 0 implied HN points • 28 Mar 23
🔮 Crypto Bitcoin Mining Taxation Market Trends
  1. Bitcoin miners have seen a boost in revenue from Inscriptions despite some challenges with chain splits and indexing issues.
  2. American mining operations are facing challenges from bankruptcy, severe weather, but have maintained a strong foothold in the global hashrate landscape.
  3. Miners are enjoying a Q1 revenue rebound, but are struggling with increased energy costs and the potential impact of a proposed 30% excise tax on mining operations in the U.S.

Coin Metrics’ State of the Network: Issue 211

Coin Metrics' State of the Network • 0 implied HN points • 13 Jun 23
🔮 Crypto Bitcoin Mining Energy consumption Data Analysis
  1. Study presented a new methodology for estimating Bitcoin's energy consumption using data patterns from mining hardware.
  2. Mining process involves searching for a special number called 'nonce' and each mining machine leaves an identifiable pattern.
  3. The study estimated Bitcoin's power draw at 13.4 GW in May 2023, which is around 16% less than Cambridge University's estimate, showcasing the importance of accurate analysis in the cryptocurrency industry.

Negative Margins Become a Harsh Reality Post-Halving

Miner Weekly • 0 implied HN points • 02 May 24
💰 Finance Bitcoin Mining Corporate News Regulation News Hardware and Infrastructure News
  1. Bitcoin's hashprice has decreased significantly post-halving, hitting new lows like $45/PH/s, causing challenges for miners.
  2. Miner operators can't control the hashprice but can manage hashcosts, which are crucial for maintaining profitability.
  3. The decline in bitcoin's hashrate might eliminate inefficient mining operations and reduce network difficulty.

Bitmain is a Hidden Self-mining Giant

Miner Weekly • 0 implied HN points • 18 Jan 24
💼 Business Bitcoin Mining Financial News Corporate News Feature
  1. Bitmain, the largest bitcoin mining hardware manufacturer, not only sells equipment but also competes against its customers by operating self-owned machines.
  2. Recent filings show that nearly 65% of BitFuFu's revenue went to Bitmain, indicating a significant dependency on the mining hardware giant.
  3. BitFuFu's business heavily relies on Bitmain, as evidenced by the equipment sourcing and hosting capacities provided by Bitmain, leading to a strong ownership relationship.

⚡️Breakeven all-time lows

Miner Weekly • 0 implied HN points • 25 Sep 23
🕹 Technology Bitcoin Mining Regulation Hardware Corporate News
  1. Chinese miner manufacturers like Bitmain, MicroBT, and Canaan are in a competitive race to develop more energy-efficient bitcoin ASICs, which can lower mining costs significantly.
  2. The advancements in energy efficiency of bitcoin ASICs over the years have improved the network's security and lowered the breakeven point for mining operations post-halving.
  3. Higher efficiency ASICs are driving the breakeven point for bitcoin mining down, potentially making it more accessible and profitable for miners, especially with the next halving approaching.

Did Bitcoin Mining Expedite Huawei’s Chip Comeback?

Miner Weekly • 0 implied HN points • 05 Sep 23
🕹 Technology Bitcoin Mining Chip Manufacturing Regulation News Hardware and Infrastructure News Financial News
  1. Huawei potentially bypassed U.S. restrictions by producing its own 7-nm chips, possibly aided by bitcoin mining partnerships.
  2. The connection between bitcoin mining and Huawei's chip development is speculative and unsubstantiated.
  3. While the claim linking bitcoin mining to Huawei's chip progress is intriguing, it remains unconfirmed unless verified by official sources.

Equity financing is warming up, finally

Miner Weekly • 0 implied HN points • 14 Aug 23
💰 Finance Bitcoin Mining Regulation News Hardware and Infrastructure News Financial News
  1. Equity financing in the mining industry has shown growth in Q2, with large miners raising over $430 million, a 60% increase from the previous quarter.
  2. Mining companies like Cipher and Riot are engaging in stock offering agreements that could potentially bring in proceeds of up to $1 billion, indicating a positive trend in equity financing.
  3. The rise in equity financing aligns with strong mining stock performance and increased investments in infrastructure, pointing towards potential growth in mining operations ahead of bitcoin's halving next year.

Realized Hashrate of USBTC+HUT8

Miner Weekly • 0 implied HN points • 20 Jun 23
💰 Finance Bitcoin Mining Financial Data Corporate News
  1. USBTC and Hut8's combined self-mining capacity is set to reach 7.5 EH/s after a recent deal, surpassing initial expectations of 7 EH/s.
  2. In March, the realized hashrate of USBTC and Hut8 declined to 3 EH/s, positioning the new Hut8 as the eighth largest public bitcoin mining company by self-mining production.
  3. USBTC and Hut8 have complementary financial aspects, with deep diving into their balance sheets revealing potential avenues for future growth and positioning for the bitcoin halving.

Mining gross margin is (slowly) improving

Miner Weekly • 0 implied HN points • 30 May 23
💰 Finance Bitcoin Mining Regulation News Corporate News Feature
  1. Mining gross margin is slowly improving due to bitcoin's hashprice rebound, declining energy costs, and improved efficiency.
  2. Most public mining operations were able to increase gross margin in Q1, with Greenidge Generation showing a declining trend in energy consumption costs.
  3. To maintain a positive gross margin, public mining operations need bitcoin's price to remain above $28K and keep production costs below $15K per BTC mined.

Equity financing is on the rise

Miner Weekly • 0 implied HN points • 22 May 23
💰 Finance Bitcoin Mining
  1. Equity financing is increasing among both private and public bitcoin mining operations, with companies raising significant amounts through equity and reducing debt.
  2. Quarterly filings of major bitcoin mining operations show a rise in proceeds from equity financing activities and a decrease in cash flows from debt financing activities, indicating a shift towards equity funding.
  3. There is a trend of private operations taking loans in addition to equity raises, while public miners are also exploring debt financing options to fuel further expansion.

NYDIG set to take over another 5.5 EH/s in bitcoin ASIC collateral

Miner Weekly • 0 implied HN points • 04 Feb 23
💰 Finance Bitcoin Mining Corporate News Financial News Hardware & Infrastructure Feature
  1. NYDIG is acquiring a significant amount of bitcoin mining equipment from companies like Greenidge and Core Scientific in exchange for debt relief.
  2. Genimous, a Chinese firm, reveals impairment of around $9.4 million in BTC assets, showcasing a unique instance of a mainland Chinese company engaging in bitcoin mining despite China's regulations.
  3. Financial news in the cryptocurrency space includes Giga Energy raising $10 million, Crypto Miner Pow.re raising $9.2 million, and Bitcoin Miner TeraWulf restructuring debt.