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!
33:40
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Quick takeaways
- The rebound of Bitcoin's hash rate to 900 EH/s signals improved market sentiment amidst a challenging GPU financing landscape.
- BitFarms' strategic pivot towards high-performance computing and AI highlights the trend of miners optimizing operations amidst tight profit margins.
Deep dives
Network Update and Hash Rate Trends
The network update highlights that the Bitcoin hash rate has rebounded, approaching 900 exahashes on a seven-day average. This indicates a shift back from the recent negative difficulty adjustment, with an upcoming increase expected of around 6-7%. As hash price improves to approximately $54 per hash per day, the overall market sentiment appears to be shifting positively. Factors influencing these changes may include seasonal variations and potentially significant player activity affecting hash rates.
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