What’s Causing the Hashrate Drop?

This week in bitcoin mining news, hiccups surface in AI site development and funding, and China crackdown on bitcoin mining in Xinjiang.

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Welcome back to The Mining Pod! Today, Colin and Matt dive into reports of a bitcoin mining crackdown in Xinjiang, China, Hut 8's massive $7B hosting deal with Fluidstack, just-reported summer weather delays at Core Scientific’s Denton facility for CoreWeave, and Blue Owl declining to fund a 1 GW AI site for Oracle. And to close the show, veteran crypto reporter Brady Dale, author of the Front Stage Exit newsletter, joins us to talk about a failed vote in Granbury, Texas, to incorporate a new town to expel MARA from its facility in the area.

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**Notes:**

Notes:

* ~1.3GW/100 EH of mining under pressure in Xinjiang

* Hashprice under $40 per PH/s/day

* Difficulty adjustment projected at -1%

* Hut 8 inks $7B, 15-year hosting deal with Fluidstack

* Core Weave faced 60-day construction delays over the summer at CORZ Denton site

Timestamps

00:00 Start

05:44 China bans Bitcoin, again!

15:46 Hut 8 hyperscaler deal

21:49 Delays at CoreWeave Denton site

25:26 Oracle funding issues

30:21 Brady Dale goes to Texas

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