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The Bitcoin network hashrate recovered somewhat this week, but not nearly enough to offset the low levels seen over the past two weeks. As a result, mining difficulty has dropped by 8% today. This adjustment is expected to significantly boost mining revenue. It comes on top of already rising earnings driven by increased network activity and higher transaction fees. All in all, the next two weeks are shaping up to be very favorable for Bitcoin miners.
Global Heat and Geopolitics Roil Bitcoin Mining
This week’s rebound in hashrate follows a sudden plunge earlier in June that saw network power drop to 800 EH/s, its lowest in over a year. Analysts are split on the cause: some point to escalating geopolitical tensions and reports that US airstrikes may have disrupted Iranian mining operations tied to sanctions evasion. Others argue the culprit is closer to home, citing record-breaking heatwaves in Texas that forced curtailments across major U.S. mining hubs. With Texas miners under pressure from surging electricity demand, temporary shutdowns may have exaggerated the drop.
As hashrate recovers and mempool congestion spikes, miners’ revenue has edged higher, but the volatility shows how sensitive the network is to external shocks. Whether the result of power grid stress or targeted strikes in a global “hash war,” the incident is evidence of Bitcoin’s growing entanglement with energy politics. Miners operating on thin margins may find it increasingly difficult to plan amid weather extremes and geopolitical uncertainty.
Source : beincrypto.com
Big Players Double Down on Hyper-Scale Mining
As smaller miners struggle with rising costs and regulatory uncertainty, giants like Tether and Hut 8 are seizing the moment to expand aggressively. Tether is targeting 450 MW of capacity and 1% of global hashrate by year-end, backed by over 100,000 BTC and a $157 billion USDT reserve. Meanwhile, the Trump-backed American Bitcoin and Hut 8 alliance could inject another 5–10 EH/s into the network. This acceleration toward industrial-scale mining threatens to concentrate hashrate further in the hands of a few well-funded players.
With Bitcoin’s hashrate recently dipping to an eight-month low, the scale advantage of large firms could help stabilize network dynamics, but at the cost of decentralization. The next phase of mining may hinge on who can weather electricity price hikes, and deploy cutting-edge infrastructure fast enough to dominate. Tether’s move into open-source mining OS software also suggests that while the top players grow, they may still court broader adoption and distributed participation, on their terms.
Source : beincrypto.com
BTC.com Dominates Miner Flows to Binance, But Withholding Signals Confidence
According to CryptoQuant, BTC.com now accounts for 98% of miner BTC flows to Binance. Yet in a twist, actual transfer volumes have dropped sharply, even as Bitcoin has held above $100,000 for weeks. This hints at miner patience, with many opting to hold their BTC in anticipation of further gains rather than selling into current strength.
The backdrop reinforces a familiar tension: fees remain historically low, making miners heavily reliant on Bitcoin’s price for revenue. The post-halving fee market hasn’t yet compensated for subsidy cuts, and with hashrate volatility amplified by geopolitical shocks and seasonal heatwaves, miners are making more deliberate, macro-driven decisions about when and how to offload coins. All eyes are now on whether this restraint continues, or gives way to profit-taking if prices break new ground.
Source : cryptopotato.com
Miners Hint at Growing Caution as Market Eyes Breakout
Bitcoin mining metrics are flashing subtle but notable warning signs. Miner reserves have dipped slightly, and the Miners’ Position Index (MPI) spiked 55% in just three days, both signs that miners may be preparing to offload coins amid rising market uncertainty. Though the selling pressure remains light, it suggests some participants are hedging against a potential downturn, especially after BTC briefly dropped below the psychological $100,000 level.
Despite these jitters, technical signals remain optimistic. Bitcoin continues to consolidate within a bullish cup-and-handle pattern, with $105K as the key breakout level. A close above it could trigger a run toward $109K, and potentially $144K over the longer term. Momentum indicators like RSI and moving average crossovers also remain supportive. The result is a market torn between miner caution and bullish chart structures, with the next move likely to be decisive.
Source : crypto-news-flash.com
Norway Eyes Mining Ban Despite Its Minimal Global Hashrate Share
Norway is preparing to impose a temporary ban on new Bitcoin mining centers that rely on energy-intensive proof-of-work systems, with the proposed measure likely to take effect by fall 2025. The government argues that crypto mining, while powered by clean hydroelectricity, offers minimal local economic benefit and places unnecessary strain on national power reserves, a resource it intends to redirect toward more productive sectors like AI and industrial applications.
Although Norway only accounts for 0.74% of global Bitcoin hashrate, ranking 11th worldwide, the potential ban indicates that regulatory pressure still exists even in jurisdictions known for their green mining infrastructure. Meanwhile, operators like Kryptovault, which repurpose excess heat from mining to warm buildings, highlight the positive role Bitcoin plays in Norway’s energy ecosystem.
Source : en.bitcoinsistemi.com
Canaan Launches US ASIC Production, Drops AI Business to Refocus on Bitcoin Mining
Canaan, one of the world’s leading Bitcoin ASIC manufacturers, has completed a pilot production run in the United States and officially exited its AI hardware business. The shift, according to CEO Nangeng Zhang, is aimed at refocusing entirely on crypto infrastructure and mining. While acknowledging that US production incurs higher costs than overseas operations, Canaan views this move as a long-term investment in geopolitical resilience.
The company’s US expansion is part of a broader industry trend, with Chinese ASIC giants like Bitmain and MicroBT also moving production stateside to hedge against tariffs and regulatory uncertainty. Canaan currently controls 2.1% of the global ASIC market and says it will continue to evaluate further US operations based on cost efficiency, and evolving trade conditions. Meanwhile, the company emphasized its commitment to meeting American security standards, especially as scrutiny over Chinese tech imports intensifies.
Source : cointelegraph.com