THE MINING POD: ASIC Market Update, Hut 8 / American Bitcoin Business Updates, Tether’s New Mining Venture, 50 EH/s Club
For this week’s news roundup, we cover trends in the ASIC market, a series of business updates from Hut 8, and Tether’s latest mining venture. FILL OUT THE SURVEY BY CLICKING HEREWelcome back to The Mining Pod! Today, Colin and Matt are joined by Ethan Vera, the COO of Luxor Technology, to talk about Hut 8's 205 MW Vega facility and its 310 MW deal to deliver electricity to Ontario. Plus, American Bitcoin's $220 million fundraise, an ASIC market update, Tether's surprise mining expansion into Brazil, and how just four public companies now control nearly a quarter of Bitcoin's total hash rate.Subscribe to our newsletter! **Notes:**• Difficulty dropped 7.48% after US heat wave• American Bitcoin raised $220M private placement• Hut 8 secured 310MW deal with Ontario to supply electricity via natural gas plant• Four miners control 200+ exahashes (~20% network)• ASIC prices are decoupling from hashprice movements • Tether goes in on mining venture in BrazilTimestamps:00:00 Start02:00 Difficulty Report by Luxor05:32 Hut 8 energizes Vega06:22 Hut 8 310 MW electricity deal in Ontario13:57 American Bitcoin raises $220M 18:22 ASIC market update with Ethan26:33 Antminer S23 market31:07 China ban reverse rumors32:09 Tether in Brazil38:20 50 EH/s club👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy.And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today!👉 Luxor, Leaders In Bitcoin Mining and Compute Power!Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact
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