THE MINING POD: ICE Raids BTC Mine, EOY Hashrate Forecast, Core Scientific CRWV Vote, Tether’s BTC Holdings
ICE raided an ASIC repair shop this week, and a look into the crystal ball for Bitcoin’s hashrate at the end of the year.
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Welcome back to The Mining Pod! Today, Ben Harper from Luxor Technologies joins us to talk about the brutal hash rate environment as hashrate surges past 1 zettahash. For news, we break down ICE's raid on a Bitcoin miner repair shop in Pyote, Texas, Core Scientific’s shareholder vote for the CoreWeave acquisition, and Tether's massive 86,000+ BTC treasury.
**Notes:**
• Bitcoin hashrate officially crossed 1 zettahash
• ASIC manufacturers capture 35-40% of mining revenue
• $19B+ annual Bitcoin mining revenue potential
• Bitfarms stock rose 138% in one week
• Bitdeer using TSMC for competitive advantage
• HPC deals 2-5x more profitable than mining
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