Operation Red Sunset: DHS Probes Bitmain

This week in bitcoin mining news, the Department of Homeland Security is targeting Bitmain with Operation Red Sunset, and Tether buys more shares of Bitdeer.

Subscribe to the Blockspace newsletter for market-making news as it hits the wire!

Welcome back to The Mining Pod! Today, Colin and Charlie break down Operation Red Sunset—the US government's probe into Bitmain over national security concerns. We also cover brutal mining economics with hashprice at all-time lows, Trump's new executive order spurring AI and energy R&D, Hive's $300M at-the-market offering, and Tether reupping its BTDR investment. And for this week’s dual cry corner, why Cardano still sucks and why gamers are crying as RAM prices surge from AI demand.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

**Notes:**

- Hash price at $36 per petahash per day (all-time low territory)

- First back-to-back negative difficulty adjustments since summer

- Small miners (1-5MW) shutting down operations

- DDR5 RAM jumped from $100 to $400+ per unit

- Hive raises $300M at-the-market offering

- Operation Red Sunset targets Bitmain security risks

Timestamps:

00:00 Start

01:34 Difficulty Report by Luxor

06:22 US probes Bitmain

13:37 White House Genesis Mission EO

18:34 Hive $300m ATM

20:40 Tether reups its BTDR stake

26:17 Cry Corner: Cardano go down

30:44 Cry Corner: RAM too spensy

👉CleanSpark, America's Bitcoin Miner!

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading Bitcoin miner with a proven track record of success. They own a fully self-operated portfolio of mining facilities across the U.S. powered by globally competitive energy prices. CleanSpark sits at the intersection of Bitcoin, energy, operational excellence and capital stewardship. Optimally monetizing low-cost, high reliability electricity positions them to prosper in an ever-changing world.

👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation

FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute.

👉 Luxor, Leaders In Bitcoin Mining and Compute Power!

Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!