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.
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Slowing Growth in Hash Rate
- Bitcoin mining hash price is around $45 per petahash per day and may drop after a 2.5% difficulty increase expected on April 19th.
- Growth in hash rate is projected to slow or flatten due to market uncertainty, tariffs, and seasonal impacts on power costs.
Auradine's ASIC Manufacturing Ambition
- Auradine is scaling up ASIC mining manufacturing to break the Bitmain duopoly, supported by a recent $153 million Series C raise.
- Assembly happens in Southeast Asia, but intellectual property and some operations are U.S.-based, facing challenges from tariffs and supply chain.
Hash Rate Derivatives Maturing
- Luxor's hash rate derivates include BTC- and USD-denominated non-deliverable forwards and physical hash rate forwards.
- BTC-denominated contracts have historically yielded better returns than spot and help miners lock revenue and finance operations amid market uncertainty.