Show notes
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.
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Welcome 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.
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**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 Brazil
Timestamps:
00:00 Start
02:00 Difficulty Report by Luxor
05:32 Hut 8 energizes Vega
06:22 Hut 8 310 MW electricity deal in Ontario
13:57 American Bitcoin raises $220M
18:22 ASIC market update with Ethan
26:33 Antminer S23 market
31:07 China ban reverse rumors
32:09 Tether in Brazil
38:20 50 EH/s club
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