How much of the mining market does BlackRock own, and why did Argentinian President Javier Milei endorse a memecoin?
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Welcome back to The Mining Pod! For this week’s news round, the boys are back, and they came with receipts on the billions of dollars institutions have invested in public bitcoin miners. Plus, BitFuFu is expanding its presence in the United States with a $20.4 million deal for an Oklahoma bitcoin mine, and Core Scientific could be altering its AI/HPC strategy with an acquisition of its own. The Texas Blockchain Council also has a report for us on just how many jobs bitcoin mining has created in the U.S.A. And for this week’s cry corner, why Argentina's President Javier Milei is staring down the barrel of impeachment after his involvement with a memecoin rugpull.
Notes:
- Hash price at $55/TH/day
- Expected -2.47% difficulty adjustment
- BlackRock, Vanguard own ~$4B worth of bitcoin miners
- BitFuFu is buying a 51 MW OK mine for $20.4M
- Texas mining: $4.23B economic impact
- Core Scientific: $400M Alabama investment
Timestamps:
00:00 Start
01:30 Difficulty report
05:18 Institutions own 40% of mining stocks
11:34 BitFuFu
19:55 Bitcoin Mining Adds 31k Jobs to US
26:10 Core buying an AI data center?
32:46 Cry Corner: Got them LIBRA blues
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