The hottest Hardware and Infrastructure Substack posts right now

And their main takeaways
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Top Technology Topics

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.

Bitcoin hashprice hits 4-month high

Miner Weekly • 39 implied HN points • 18 Feb 23
🔮 Crypto Mining Financial News Corporate News Hardware and Infrastructure Features
  1. Bitcoin's hashprice has hit a 4-month high, a significant increase.
  2. With the rise in hashprice, older generation mining equipment is becoming profitable once again at certain energy rates.
  3. Bitcoin's rapid hashrate growth has set new records recently, with the approaching difficulty retarget likely to see mining difficulty cross the 40 trillion mark.

Core reveals bondholder names

Miner Weekly • 39 implied HN points • 21 Jan 23
💰 Finance Regulation Financial News Corporate News Hardware and Infrastructure Feature
  1. Core Scientific has identified bondholder names like Apollo Capital and MassMutual, among others, who invested nearly $500 million in convertible notes.
  2. Genesis Capital, in bankruptcy protection, owes billions to creditors, with Gemini, Bybit's Mirana Corp, and Babel Finance among the top creditors.
  3. Hut8 avoided major losses by providing a loan to Genesis and ensuring no outstanding amounts as of Q2'22.

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: Lenders own 50% of Core’s self-mining hashrate

Miner Weekly • 19 implied HN points • 24 Dec 22
🔮 Crypto Regulation Financial Corporate Hardware and Infrastructure Feature
  1. Lenders own 50% of Core's self-mining hashrate, which is significant in the cryptocurrency mining industry.
  2. Core's self-mining capacity produces an average of 50 BTC per day, showcasing its mining capabilities.
  3. Regulation news includes British Columbia pausing electricity connections for crypto mining due to high consumption and Kazakhstan tightening regulations for miners to develop the crypto industry further.
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Firesale: $6.6m Bitmain coupons and $158m miner loans

Miner Weekly • 0 implied HN points • 28 Jan 23
💰 Finance Regulation Financial News Corporate News Hardware and Infrastructure Feature
  1. Core Scientific is looking to sell $6.6m worth of Bitmain coupons at a significant discount, targeting potential buyers before they expire.
  2. BlockFi has started bidding to sell $158m in loans backed by 68,000 bitcoin ASIC miners, with potential loan collateral values raising questions.
  3. The industry faces regulatory challenges, financial activities like acquisitions, investments in Bitcoin mining, and corporate news across various firms.

Correction: Updated Table of BlockFi's Borrowers

Miner Weekly • 0 implied HN points • 29 Jan 23
💼 Business Finance Regulation Financial News Corporate News Hardware and Infrastructure
  1. Correction was made regarding a loan table mix-up for BlockFi borrowers involving two different companies.
  2. Core Scientific is looking to sell Bitmain coupons at a discount due to bankruptcy, with specific restrictions on usage.
  3. BlockFi is auctioning off $158 million in loans backed by bitcoin miners, revealing detailed information on the collateral value of the miners.

ETH2.0 cut crypto miner's gross margin by half

Miner Weekly • 0 implied HN points • 25 Feb 23
🔮 Crypto Regulation Financial Corporate Hardware and Infrastructure Feature
  1. ETH2.0 significantly reduced crypto miners' gross margins by half after the switch to proof-of-stake, affecting companies like HIVE. This change led to a 77% decrease in HIVE's gross profit in Q4'22.
  2. Transitioning to mining Ethereum Classic did not notably improve HIVE's mining revenues after the switch to ETH2.0, showcasing the challenges faced by mining firms in adapting to the new landscape.
  3. Regulatory developments, such as Montana passing a bill to protect crypto miners, highlight the evolving legal environment surrounding cryptocurrency mining operations.

BitDeer Challenges Riot in Texas Standoff

Miner Weekly • 0 implied HN points • 25 Mar 23
💼 Business Finance Corporate News Hardware and Infrastructure Feature Financial News
  1. BitDeer has significantly increased its operational capacity in Texas, challenging Riot's dominance in the region.
  2. BitDeer's business models include Proprietary Mining, Hashrate Sharing, and Hosting, with Hosting segment's revenue significantly growing.
  3. Texas emerges as a major hub for Bitcoin mining with around two gigawatts of operating capacity, showcasing a booming industry despite challenges.