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The Mining Pod | Bitcoin Mining News

Ranking Bitcoin Miners, Auradine’s $150M Raise, and Coinbase’s ‘Base’ Rugpull

Apr 18, 2025
Matt Williams, a representative from Luxor, shares insights on the evolving Bitcoin mining landscape. He reveals the latest trends in hash rate futures and how miners are capitalizing on Luxor's financial products. The conversation ranks Bitcoin mining giants, with BitFarms, Argo, and CleanSpark taking center stage. We also learn about Auradine's impressive $153 million funding round aimed at boosting ASIC manufacturing. Lastly, the podcast dives into the drama surrounding Coinbase's recent token launch, highlighting concerns of front-running.
49:34

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The current hash price for Bitcoin mining is stable at $45 per petahash per day, with anticipated challenges from rising costs affecting miner profitability.
  • Auradine's recent $153 million funding aims to disrupt the Bitcoin miner duopoly by expanding ASIC manufacturing and venturing into AI hardware.

Deep dives

Hash Rate Trends and Market Predictions

The current hash price has remained stable around $45 per petahash per day, with expectations for a 2.5% increase due to an upcoming difficulty adjustment. However, the market's uncertainty has led some to speculate a range-bound situation for Bitcoin prices in the near future. Experts express concern that this may impact hash rates, as many miners could struggle with profitability due to low hash prices and rising costs. Various factors, such as summer power needs and tariff issues, are believed to contribute to slower growth in hash rates moving forward.

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