The Mining Pod | Bitcoin Mining News GPU Financing Rough Patch, Antalpha’s $300M Valuation, Bitfarms Pauses ASIC Orders
May 9, 2025
Kelly Greer from Crucible Capital joins to discuss the shifting landscape of GPU financing and hosting. He dives into the implications of Bitcoin’s rising hashrate and the recent drop in GPU rental prices. The conversation highlights Antalpha’s impressive IPO valuation of $250-300 million and the impact of potential tariffs on ASIC miners. Bitfarms’ strategic shift to focus on high-performance computing and AI infrastructure reveals a trend in the industry’s direction. Join them as they unravel the complexities of these evolving markets!
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Bitcoin Hash Rate Rebounds Strongly
- Bitcoin's network hash rate is rebounding above 900 exahashes, nearing a new all-time high.
- This rebound likely leads to a positive difficulty adjustment soon, returning to expansion with few breaks.
GPU Market and Financing Insights
- The GPU cloud rental market is competitive, with pricing dropping significantly as providers race against fast GPU releases.
- Smaller durable demand niches in electrical manufacturing equipment financing offer unique, high-rate credit opportunities.
GPU Pricing Compression and Strategy
- GPU cloud providers engage in a bidding war due to waning demand for current generation GPUs with new models coming.
- Strong supplier partnerships are crucial to compete at the leading edge of GPU cloud deployment.