Miner Weekly: ERCOT Hits Reset on Texas’ AI and Mining Power Queue
If it wasn’t already obvious, ERCOT’s message this week was pretty blunt: the way Texas has been approving massive new power users no longer works – thanks to the AI boom.
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Bitcoin Hashprice Hits Record Low as BTC Falls Below $70,000
Bitcoin’s hashprice fell below $32/PH/s on Thursday, setting a new all-time low as the cryptocurrency’s price slid under $70,000 for the first time since November 2024.
Cango Breaks Bitcoin HODL Stance, Sells 550 BTC Amid Mining Pressure
Cango changed course on its bitcoin holding strategy in January, selling more BTC than it produced during the month as mining economics tightened across the sector.
Cipher Seeks $2B in New Secured Notes to Fund AI Data Center Build in Texas
Cipher Mining plans to raise $2 billion through a new offering of senior notes, adding to a growing wave of debt issuance by bitcoin miners seeking capital for AI computing infrastructure.
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