The Mining Pod | Bitcoin Mining News Tether and Antalpha, Galaxy’s CoreWeave Expansion, OP_RETURN drama
May 2, 2025
Khan Fiharani, a research associate at Luxor and Hashrate Index, shares insights on Bitcoin mining dynamics. The discussion highlights Tether's $25M investment in AntAlpha and Galaxy's expansion with CoreWeave, amassing 393MW. Fiharani delves into Bitcoin's electricity use, currently at 0.5% of global consumption, and the imminent effects of the 2024 halving, including a projected 40% difficulty spike. The episode wraps up with a heated debate on the OP_RETURN limit, touching on its implications for data use and governance in the Bitcoin space.
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Mysterious 100 EH/s Hash Drop
- Bitcoin's hash rate dropped 100 exahashes from its all-time high recently without clear explanation.
- This decline suggests deeper underlying shifts beyond normal seasonal variation.
Tether's Bitcoin Mining Expansion
- Tether is aggressively expanding into Bitcoin mining investments through stakes in AntAlpha and Bitdeer.
- This signifies growing institutional interest converging on Bitcoin mining ecosystem players.
Mining Meets AI and HPC Data
- Integration between Bitcoin mining and AI/HPC data centers is accelerating.
- Galaxy's expansion in CoreWeave's Helios site exemplifies dual-use data center potential and cross-industry convergence.