

Bitcoin ATH, Mining Stocks Surge, Texas’ SBR Bill, and Parasite Pool
7 snips May 23, 2025
Bitcoin has hit a jaw-dropping all-time high of $112,000, sending mining stocks soaring. The hosts analyze the impact of this surge on the industry and dig into the latest updates on major players like Cango and Cipher. Texas is set to establish a strategic reserve for Bitcoin, paving the way for institutional investment. Additionally, they introduce the innovative Parasite Pool, which features a "plebs eat first" payout model, reflecting a new direction in mining incentives. A fascinating blend of economics and emerging tech in the crypto landscape!
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Bitcoin Hash Price Strengthens
- Bitcoin's hash price recently rose to $58/PH/day, a healthy margin increase from previous lows.
- This improvement benefits miners especially those with newer hardware at the cusp of the 2024 halving.
Mining Stocks Show Mixed AI Impact
- Bitcoin mining stocks have surged alongside Bitcoin's bull run, but show a mixed performance related to AI involvement.
- AI-related miners do not uniformly outperform, revealing a complex investor evaluation beyond just AI hype.
Fractal Bitcoin Boosts Miner Earnings
- Fractal Bitcoin allows miners to earn more without additional hardware or energy use by merging mining.
- Over 90% of Bitcoin's hashpower merge mines Fractal, showing broad network adoption.