Network Overview

Following Trump’s decision to postpone the tariff plan, Bitcoin experienced a notable price recovery. However, rising network difficulty and low on-chain activity have continued to limit mining revenue. Still, with the price trend remaining positive and a potential difficulty adjustment on the horizon, the coming week could bring a much-needed boost for miners.

Arizona Advances Home Mining Protection Bill, Eyes Bitcoin Reserve

Arizona is on the verge of becoming a leading pro-crypto state as HB 2342 heads to Governor Katie Hobbs’ desk. The bill, passed by the Senate in a 17–12 vote, would protect individuals who mine Bitcoin or operate blockchain nodes from zoning or local restrictions, as it reclassifies such computational activities, including AI workloads and scientific computing, as matters of state-wide concern.

The bill is part of a broader legislative push, including proposals to establish a state-run Strategic Bitcoin Reserve. Arizona is outpacing nearly two dozen states with similar crypto reserve bills, following a clear shift toward sovereign-level digital asset adoption in the U.S.

Source: decrypt.co

Pakistan to Power Bitcoin Mining and AI Data Centers With Surplus Electricity

Pakistan has unveiled plans to redirect its excess electricity into Bitcoin mining and AI data centers, with the goal to modernize its economy and boost energy ROI. The announcement came from Bilal Bin Saqib, head of Pakistan’s Crypto Council, just days after Binance founder Changpeng Zhao (CZ) was appointed as a strategic crypto advisor to the government.

With chronic overcapacity and high tariffs plaguing its energy sector, Pakistan sees digital infrastructure as a promising solution. Saqib also praised recent pro-Bitcoin moves by the Trump administration, suggesting that global alignment with U.S. crypto leadership is becoming inevitable. “If not now, then never,” he said, inviting global miners to explore Pakistan’s untapped potential.

Source: bitcoinmagazine.com

HIVE Expands in Paraguay, Eyes Africa for Next Bitcoin Mining Growth Phase

Frank Holmes, Chairman of HIVE Digital Technologies, revealed plans to ramp up Bitcoin mining in Paraguay while exploring expansion into East Africa. Speaking ahead of his appearance at Consensus 2025, Holmes outlined how HIVE is taking over 80 megawatts of power capacity from Bitfarms, capitalizing on Paraguay’s massive Itaipu Dam and green energy surplus.

The company, known for its early use of geothermal and hydro power, aims to grow from 6 to 25 EH/s by year-end. HIVE is also repurposing its GPU fleet for AI workloads and staying debt-averse during market volatility. Holmes expressed concern over U.S. overregulation but recently relocated the firm’s HQ to the U.S. to gain index inclusion under the more crypto-friendly Trump administration.

Source: coindesk.com

U.S. Strategic Bitcoin Reserve Could Be a Windfall for Domestic Miners

While Trump’s Strategic Bitcoin Reserve currently consists only of seized crypto assets, experts argue that this model is unsustainable. With civil and criminal forfeitures likely to decline, and only ~200,000 BTC in government hands, further acquisitions will be needed if the reserve is to become truly “strategic.”

But instead of relying on foreign markets, the piece argues the U.S. should look inward: domestic miners could provide a clean, compliant source of BTC. With over 40% of global hashrate already located in the U.S., and states like Texas offering energy surplus and job creation potential, mining could become the backbone of a new digital monetary infrastructure. The author suggests that budget-neutral purchases could even be financed by tax revenue from mining operations, aligning national economic and energy policy with Bitcoin adoption.

Source: crypto.news

Bitcoin Mining Stocks Rebound After Tariff Dip, But 2025 Losses Still Mount

After a turbulent week triggered by Trump’s global tariffs, Bitcoin mining stocks rallied alongside broader markets on Friday. The Nasdaq jumped 2.06%, and digital assets added 3.72%, lifting nine of the twelve largest publicly traded mining firms into the green. Cipher Mining led with a 9.01% surge, followed by MARA (+6.56%), Galaxy Digital (+6.48%), and Terawulf (+6.25%). Cleanspark rounded out the top five with a 5.19% gain.

However, the broader picture for 2025 remains bearish. Only seven of the top miners posted positive returns over the week, and year-to-date losses remain steep: Bitdeer is down 63.31%, Core Scientific nearly 50%, and even major players like Galaxy Digital and Riot are down over 30%. Despite Friday’s rebound, the mining sector continues to face intense pressure from decreased margin due to increases in competition and mining difficulty.

Source: news.bitcoin.com

U.S. Crypto Miners May Rush to Buy Rigs During Trump’s 90-Day Tariff Pause

U.S. Bitcoin mining firms are expected to accelerate purchases of mining rigs following President Donald Trump’s 90-day pause on steep new tariffs. While the pause offers temporary relief, the existing 10% baseline tariff still in effect continues to disadvantage American miners, especially as international competitors enjoy cheaper access to hardware.

Hashlabs CEO Jaran Mellerud and Luxor COO Ethan Vera warn that tariff instability is hurting long-term planning and raising capital costs. Price spikes on mining rigs are already being observed, with U.S.-landed machines and onshore assembly contracts rising in price. Meanwhile, Trump’s broader tariff plan, which includes steep hikes on imports from major rig-producing countries like Malaysia, Thailand, and Indonesia, is pushing U.S. miners to act fast before the July 8 deadline. Some companies, including Luxor, are even reconsidering their expansion strategies and looking abroad amid the uncertainty.

Source: cointelegraph.com