Cipher Mining landed its first AI tenant, with $1.3 billion in the deal backstopped by Google, and MicroBT has opened a U.S. distribution hub with 10,000 ASIC miners per month in volume.
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Welcome back to The Mining Pod! On today’s round up, we dive deep into Cipher Mining's $3 billion AI hosting deal with Fluid Stack, backed by Google's $1.4 billion guarantee. And as hashrate surges to 1,100 EH/s, miners are struggling with sub-$50 hash prices. Plus MicroBT has opened a U.S. distribution hub, and IREN’s aggressive GPU expansion.
**Notes:**
• Cipher signed $3B AI deal with Fluid Stack
• Google backstopping $1.4B of obligations
• Hash price under $50/PH/day (6mo low)
• Network hash rate at 1,100 EH/s
• IREN doubled GPU fleet to 23K units, raises Q1-2026 ARR to $500M
• MicroBT opens 10K unit/month US shop
Timestamps:
00:00 Start
03:03 Difficulty Report by Luxor
07:08 Cipher and Fluidstack deal!
13:15 MicroBT opens up shop in US
17:34 Cleanspark Ad
18:03 IREN doubles GPU fleet (again)
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