The Mining Pod | Blockspace Media China Mining Crackdown, Hut 8’s $7B Fluidstack Deal, CoreWeave Site Delays
Dec 19, 2025
Brady Dale, a seasoned crypto reporter and author known for his insights into local Bitcoin stories, shares fascinating highlights from Granbury, Texas. He discusses a controversial failed vote to incorporate a new town aimed at regulating noise from a Bitcoin mining facility. The podcast also dives into China's mining crackdown and Hut 8’s monumental $7B hosting deal with Fluidstack, along with construction delays at CoreWeave’s Denton site. Brady's firsthand experiences reveal the local community's reactions to the ongoing Bitcoin mining push.
AI Snips
Chapters
Transcript
Episode notes
Xinjiang Crackdown Shrinks Hash Rate
- Authorities in Xinjiang stepped up inspections, causing an estimated ~1.3 GW (≈100 EH) of mining to power down.
- Luxor and Blockspace reporting suggest machines were moved to government-controlled warehouses, increasing operational uncertainty.
Multiple Forces Driving Hashrate Down
- Hashrate declines stem from multiple factors: crackdown, US winter curtailment, and weak hashprice under $40/PH/day.
- Difficulty looks set to fall, possibly below one Zeta hash, easing short-term mining pressure.
Hut 8’s $7B FluidStack Deal Mirrors Playbook
- Hut 8 signed a 15-year, $7B hosting deal with FluidStack, with Google backstopping part of the revenue.
- The structure mirrors recent hyperscaler playbooks and unlocks financing via guaranteed revenue backstops.