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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Quick takeaways
- Tether's $25 million investment in AntAlpha signifies a strategic expansion into the Bitcoin mining sector by stablecoin companies.
- The dramatic changes in Bitcoin's mining network difficulty and hash rate post-halving raise concerns about miners' operational sustainability.
Deep dives
Tether's Strategic Investment in Bitcoin Mining
Tether is making significant moves in the Bitcoin mining sector, recently aiming for a $25 million stake in AntAlpha’s upcoming IPO. This reflects Tether's broader strategy of expanding its influence within the cryptocurrency space, particularly in Bitcoin mining operations. By acquiring stakes in both Bitdeer and AntAlpha, Tether is solidifying its presence in ASIC manufacturing and financing, indicating a strong alignment with the growing Bitcoin mining ecosystem. This proactive approach highlights the increasing interest of stablecoin businesses in diversifying their portfolios and exploring lucrative opportunities in the mining sector.
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