SBI Crypto ceased operations of its Bitcoin mining pool in Japan on July 31, following a 64% drop in its seven-day average hashrate. This shutdown led to a temporary shift in block attribution, with Foundry USA, AntPool, and F2Pool collectively holding 60% of recent blocks, though the full impact remains unmeasured.
Texas's ERCOT grid broke electricity demand records twice last week, reaching 91,308 MW. The grid relies on voluntary curtailment agreements with large consumers, primarily Bitcoin miners, a strategy influenced by mining profitability and the state's unique grid isolation.
Core Scientific's Q2 results show a -56% gross margin in self-mining ($21.5M revenue, $33.7M cost) vs. 59% margin in high-density colocation ($136.7M revenue, $80M gross profit), prompting strategic shift towards AI computing conversions.
Bitcoin's next difficulty adjustment on July 26 may lower mining difficulty by ~16%, increasing rewards for remaining miners but failing to address underlying financial pressures such as expensive power contracts and debt obligations.
Bitcoin mining pool Poolin Technology filed for Chapter 11 bankruptcy, owing $163.7 million in IOUs to wallet users. Its Texas affiliates seek court approval to sell assets for an initial $52 million, covering only 31.8% of the IOUs, with final recovery for unsecured creditors uncertain due to various unresolved factors.
Singapore-based Bitcoin mining pool Poolin and two US affiliates filed for Chapter 11 bankruptcy in a New Jersey court, citing estimated liabilities of $100M-$500M. The company, once the largest Bitcoin mining pool, now ranks 17th and seeks to sell two Texas mining sites for $52M.
Bernstein maintains an overweight rating on the Bitcoin mining sector, citing growing partnerships between miners and AI data centers. These collaborations address power constraints and political pushback, with July seeing over 7.5 gigawatts in new AI-related deals.
CoinShares has introduced its inaugural UCITS exchange-traded fund (ETF) in Europe, tracking publicly listed Bitcoin mining companies. The Irish-domiciled fund, trading as MINE on Deutsche Börse Xetra, offers European investors exposure to the sector under the EU's harmonized regulatory framework.
The SEC charged Zan Shaikh and Bright Vision Distribution LLC (Mining Automatic) for allegedly defrauding over 380 investors of $22 million in a crypto mining scheme, diverting most funds for personal use and marketing. The FBI is also seeking additional victims, expanding the scope of the investigation.
Shares of several Bitcoin mining companies, including Hut 8 and IREN, surged after announcing significant AI infrastructure deals, reinforcing investor confidence in their pivot to artificial intelligence and high-performance computing, despite underlying concerns about funding and insider stock sales.
Bitdeer Technologies Group announced a $36 million manufacturing facility in Nevada to assemble Bitcoin mining machines, expanding US production and potentially reducing reliance on third-party suppliers. Shares rose 14.1% on the news.
Bitcoin miner MARA Holdings announced plans to acquire a 1,200-acre site in Matagorda County, Texas, with access to up to 2 GW of electricity for AI computing and Bitcoin mining. The site is expected to double MARA's power capacity upon full energization.
MARA Holdings is acquiring a 1,200+ acre powered site in Matagorda County, Texas from HIF USA, securing access to up to 2 GW of grid capacity by April 2028. The site will be developed into a computing campus for AI/HPC workloads and Bitcoin mining. MARA shares surged following the announcement.
As of June 2026, four Bitcoin mining pools control over 70% of the network's hashrate, prioritizing institutional clients. This consolidation leaves independent and mid-size miners underserved, creating an opportunity for pools like EMCD that offer more accessible service models.
Bitcoin miner TeraWulf secured a 20-year lease with Anthropic for a 401 MW AI data center campus in Hawesville, Kentucky, projected to generate $19 billion in revenue. Concurrently, it sold its 50.1% stake in the Abernathy Joint Venture for a premium, leading to a significant surge in TeraWulf's stock and other Bitcoin mining firms.
India's central bank is reportedly urging lawmakers to keep banks insulated from crypto and private stablecoins, while allowing for regulated tokenization. The RBI recommended preventing crypto use in payments and settlements and restricting banking exposure, warning that traditional regulation could legitimize speculative assets.
SBI Crypto, a division of Japan's SBI, will close its Bitcoin mining pool on July 31 after five years, without providing a reason. This move signals SBI's broader shift towards other cryptocurrency strategies, including acquiring a crypto exchange and focusing on stablecoins.
American Bitcoin Corp. will execute a 1-for-15 reverse stock split effective July 2 to raise its share price above Nasdaq's minimum listing threshold. The move aims to address the stock's recent decline, which saw it fall to $0.6122.
Bitcoin's price has spent weeks below its estimated all-in production cost of ~$84,300, yet the network remains operational. This challenges the assumption that production costs set a hard floor under the price. Instead, the network's self-correcting mechanism adjusts difficulty based on hash rate changes, allowing it to function despite miners operating at a loss. The sector is diversifying, with large miners pursuing AI and HPC contracts to mitigate risks, while low-cost operators benefit from difficulty resets.
Le minage de Bitcoin est de plus en plus sensible aux variations de prix, selon JPMorgan. La banque observe qu'une proportion croissante de mineurs opère près du seuil de rentabilité, rendant le réseau plus réactif aux fluctuations du cours du BTC, notamment après le récent halving.
Wall Street is valuing AI-leased megawatts significantly higher than those used for Bitcoin mining, with companies holding AI contracts trading at over 10x gross energy output compared to 2-6x for miners with no contracted capacity. This premium is being assigned before the capacity is fully built, creating a substantial funding gap.
Bitcoin miner IREN has acquired Spanish data center developer Nostrum Group, adding 490 MW of power and a development pipeline in Spain. This move expands IREN's global power portfolio to 5 GW and supports its strategic pivot towards AI cloud services, seeking more predictable revenue streams.
La difficulté de minage de Bitcoin a chuté de 10,09 %, atteignant son plus bas niveau depuis juillet 2025. Cette baisse, la deuxième plus importante de l'année, est due à la chute du prix du Bitcoin qui a réduit les marges des mineurs. Bien que cela augmente la production de Bitcoin par hashrate actif, de nombreux mineurs restent déficitaires.
Bitcoin mining difficulty saw an 11th-largest drop of 10.09% on Sunday, falling from 138.96 trillion to 124.93 trillion. This adjustment eases pressure on miners as Bitcoin's price has fallen 15% in June, squeezing margins. Hashprice has risen to $33 per PH/s/day, pushing more miners towards breakeven.
