A severe winter storm across the United States forced Bitcoin miners to dramatically scale back operations to relieve pressure on local power grids. The network’s total hashrate temporarily dropped to a seven-month low, removing nearly 40% of global mining capacity. Major mining firms reported sharp declines in daily Bitcoin production as they voluntarily curtailed operations, highlighting the industry’s vulnerability to regional climate events and its emerging role as a flexible grid resource.
about Winter Storm Halts 40% of Bitcoin Mining, Hashrate PlummetsMarathon Digital
0 in Finance and 0 in Crypto last weekBitcoin Miners Lead Corporate Adoption as Treasury Buys Slow
Bitcoin mining giants Marathon Digital Holdings, Riot Platforms, and Hut 8 have secured positions among the top ten public companies holding Bitcoin, according to data from BitcoinTreasuries.NET. As corporate treasury purchases of the cryptocurrency are projected to hit their lowest quarterly level since Q3 2024, these miners are emerging as the new anchor for public-market Bitcoin holdings, leveraging their unique ability to acquire BTC at below-market costs to potentially shape the future of corporate adoption.
about Bitcoin Miners Lead Corporate Adoption as Treasury Buys SlowCrypto Stocks Plunge as ARK Buys Bullish Dip
Cryptocurrency-related stocks suffered heavy losses on Monday as the sector’s downturn deepened. Meanwhile, Cathie Wood’s ARK Invest seized the opportunity to significantly increase its stake in struggling crypto exchange Bullish, purchasing over $10 million in shares as the stock hit record lows.
about Crypto Stocks Plunge as ARK Buys Bullish DipBitcoin Mining Crisis: AI Pivot Splits Industry Amid Profit Plunge
Bitcoin mining profitability has collapsed to two-year lows as record network difficulty and vanishing fees create an industry crisis. The sector is rapidly dividing between traditional miners facing existential threats and those successfully pivoting to AI infrastructure services, with hashprice dropping 19% in just one month to $42.14 per terahash per day despite Bitcoin trading around $101,500. This structural shift is fundamentally rewriting the business model for cryptocurrency mining operations worldwide, creating a stark divide between those riding out Bitcoin’s hardest math problem and those rewriting it entirely through AI.
about Bitcoin Mining Crisis: AI Pivot Splits Industry Amid Profit PlungeBitcoin Mining Challenges: Small Firms Struggle
Bitcoin mining, while essential for securing the network, faces significant structural challenges that threaten smaller operators. High operational costs and intense competition are driving many out of business. Only large-scale miners with substantial resources can sustainably profit in this volatile industry.
about Bitcoin Mining Challenges: Small Firms StruggleBitcoin Mining Shifts to Renewable Energy, Boosts Grid Stability
The Bitcoin mining industry is undergoing a significant transformation by adopting renewable energy sources, with more than 50% of the network now powered sustainably. This shift allows miners to utilize stranded or excess renewable energy, particularly in regions like East Texas, while providing grid stability by absorbing surplus power during low demand and shutting down during peak usage. Marathon Digital Holdings (MARA) exemplifies this evolution, reporting strong performance with 705 BTC mined in August and an additional 1,133 BTC purchased, bringing its total holdings to 52,560 BTC. The company’s energized hash rate reached 59.4 EH/s, reinforcing its position as a major corporate Bitcoin holder and highlighting the strategic advantage of renewable energy in mining operations.
about Bitcoin Mining Shifts to Renewable Energy, Boosts Grid StabilityBitcoin Spam Debate: Mow Proposes Mining Hardware Ban
The Bitcoin community is embroiled in a heated debate over network spam, with Jan3 CEO Samson Mow suggesting mining hardware manufacturers like Block’s Proto Mining division should refuse sales or impose markups on firms mining ‘spam’ transactions. Mow argues a 2% economic penalty would deter public miners like Marathon Digital from processing non-financial data. Meanwhile, Bitcoin Core’s decision to remove the 80-byte OP_RETURN cap in Core 30 has split opinions—supporters claim it promotes neutrality, while critics like Luke Dashjr warn it will flood the network with spam. The controversy highlights tensions over Bitcoin’s scalability and purpose as a financial system.
about Bitcoin Spam Debate: Mow Proposes Mining Hardware BanTwenty One Capital Becomes 3rd Largest Bitcoin Holder
Twenty One Capital is set to receive 5,800 BTC from stablecoin issuer Tether, increasing its total Bitcoin holdings to over 43,500 BTC and securing its position as the third-largest corporate Bitcoin holder. The firm will introduce Bitcoin Per Share (BPS), a metric to provide transparency by showing the Bitcoin backing each share. CEO Jack Mallers emphasized the company’s vision to reshape the financial system with Bitcoin as its foundation. The move aligns with a growing trend of Bitcoin treasury strategies, though critics warn of risks. Analysts argue that such firms are deploying intelligent leverage and pose no systemic risk, while the real danger lies in being underexposed as institutional demand grows.
about Twenty One Capital Becomes 3rd Largest Bitcoin HolderMARA Raises $850M to Buy Bitcoin Amid Stock Drop
Bitcoin mining giant MARA (formerly Marathon Digital) is raising $850 million through a private sale of 0% convertible senior notes due in 2032, targeting institutional buyers. The funds will be used to acquire more Bitcoin, reinforcing its ‘HODL strategy’ of retaining rather than selling mined BTC. Despite holding 50,000 BTC ($5.9 billion), making it the second-largest corporate Bitcoin holder, MARA’s stock dropped over 10% following the announcement. The miner remains bullish on Bitcoin’s long-term value, aligning with industry trends where firms raise capital to accumulate crypto assets. Bitcoin’s price dipped slightly to $117,782, while MARA’s stock, though down, has gained over 25% in the past month.
about MARA Raises $850M to Buy Bitcoin Amid Stock DropSatoshi’s $133B BTC Fortune Reshapes Billionaire Rankings
Satoshi Nakamoto’s dormant Bitcoin holdings, valued at $133 billion, have secured the pseudonymous creator the 11th spot on the Bloomberg Billionaires Index, surpassing Carlos Slim. Bitcoin’s rally to a record $123,091 was fueled by sustained ETF inflows, including $2.1 billion this month into BlackRock’s IBIT and Fidelity’s FBTC. Institutional demand surged amid expectations of US crypto legislation, pushing Bitcoin’s diluted market cap to $2.4 trillion. Blockchain data confirms Nakamoto’s early-mined coins remain untouched since 2010, with analysts noting that a price of $187,000 would make Bitcoin’s creator the world’s richest person. The rally has also boosted crypto-linked stocks like MicroStrategy and Coinbase.
about Satoshi's $133B BTC Fortune Reshapes Billionaire RankingsBitcoin Miner CEOs Outearn Tech & Energy Peers
A VanEck report reveals Bitcoin mining executives at eight major firms earned an average of $14.4 million in 2024—more than double the previous year and far exceeding tech/energy sector peers. Stock-based compensation (89% of pay) is the primary driver, despite base salaries aligning with industry norms. Shareholders show resistance, with only 64% support for pay proposals (vs. 90%+ in broader markets). Some miners like Marathon and Cipher are shifting to performance-linked stock units (PSUs), but disparities remain—Riot’s $230M executive pay consumed 73% of its market-cap growth, sparking scrutiny over pay-for-performance misalignment.
about Bitcoin Miner CEOs Outearn Tech & Energy PeersBitcoin Treasuries Face $12.8B Debt Crisis by 2028
A Keyrock report highlights a looming $12.8 billion debt maturity crisis for Bitcoin Treasury Companies (BTC-TCs) by 2028, threatening firms like Marathon Digital and Nakamoto. These companies, which collectively hold over 725,000 BTC, have relied on debt and equity to fuel their Bitcoin acquisitions, creating significant refinancing risks. Strategy, the sector leader with 597,000 BTC, dominates but faces similar vulnerabilities. Convertible notes, though popular, depend on high stock prices to avoid forced BTC sales or distress refinancing. Newer entrants like Metaplanet are exploring alternative strategies, but the sector remains heavily dependent on market access. The report also notes that while investors currently value BTC-TCs at a 73% premium to their Bitcoin holdings, a downturn could force firms like Marathon and Nakamoto to liquidate assets or dilute shares, eroding investor value. Strategy, due to its size and investor trust, is better positioned but not immune to risks.
about Bitcoin Treasuries Face $12.8B Debt Crisis by 2028