Bitcoin mining industry is witnessing a whirlwind of activity as summer approaches its end, with the effects of tariffs on the reshaping of the ASIC market, versions of the new devices, and the main companies ’deals that face shareholders’ reaction. From the appearance of the volatile Bitcoin Bitcoin to investors who combine Core Scientific, we move in the complex market trends that reshape the Bitcoin mining scene.
Enjoy reading? Get our newsletter directly to your inbox on everything Bitcoin shares by clicking here.
In addition to covering the latest news, on the latest MININING POD News, the Blockspace team spoke to Sarah Tang, the director of the higher accounts at Asic Trading Desk. We discussed how the definitions are directing the global mining equipment flows and any ASIC mining workers at the highest demand.
Below is an editor of the conversation.
Listen to the full YouTube podcast episode by clicking here.
will: Well, so for the biggest news this week: What happened with the appearance of American Bitcoin?
The expected American Bitcoin launched something that we have recently seen – very volatile to the upward trend. The American Bitcoin currency witnessed up to 80 % gains on the Nasdaq Stock Exchange during the day, as it reached a rise of $ 13 per share after the start of trading, then we saw a sharp sale. It is now traded about $ 6.38.
Whipsaw is not great for investors looking to enter mining shares. It is also strange because this was raised months ago – we knew about integration with Gryphon Digital dating back to April and May. All numbers were already baked. We have seen this with the general subscription at Circle – at 200 % at the beginning, then below. From the perspective of the public market, the question is why we see these huge gains on the day of inclusion?
Colin: Now, I would like to welcome Sarah Tang, the director of the Luxor Higher Accounts, which works on the ASIC trading office.
Sarah, how do definitions affect ASIC and the order now?
Sarah Tang: The definitions were a hot topic recently. We look at approximately 50 % on platforms from China and 22 % of countries such as Indonesia and Malaysia. This places a real installment on the new generation machines that have now been landed. The importers pass these additional costs to buyers, which extends from the return on investment and extends the recovery periods.
We see operators with cheaper power that tend towards medium-generation models such as J-PROS and S19s-they get a better balance between cost and efficiency. At the same time, shipments from the United States are redirected to regions free from customs tariffs such as Canada, making a lot of new width north of the border.
Colin: Which of the latest models ask for more miners?
pleasantMost of the new generation sales were the usual S21 Plus, a lot of Microbt M60, and PROS Canaan A1566 series. Crazy M60 machines – they mainly sell the second on the market. Microbt usually release a limited amount of topical supply, so these are captured very quickly.
Our team also transferred many S2 SEAL miners, both aquatic and broken air. The coolant is currently being sold, but hydros are still available. Everyone is waiting to release A3.
will: Why this sale very quickly?
pleasant: Seal mines resemble the latest game that everyone wants to get their hands. It may be part of a marketing strategy as they issue a certain amount to excite everyone. Even when other manufacturers launch new machines, they are not easily available-shipping may start from 4 to 6 months after launch.
Colin: I think what works against the market is that Bitdeer maintains a large part-like half the retail rate they produce-for self-mining. The expansion of Bitmain is very difficult, so it is restricted to what they can produce.
will: What about Proto? Any updates on pricing and availability?
pleasantThis was a recent hot topic during the Q3. Unfortunately, I couldn’t reach Protominer’s launch, but my colleague Michael was already there. I remember that our team wears it like madness, and asked them if they had released a mine until now.
It is incredible – 119 Terhashas, 14 July per Tarahash, nine division boards. I had customers immediately to order pricing and available. But it seems that we will have to wait a little longer.
They said that repairs or alternatives will take less than two minutes. We are keen to get our hands on one of these to see how effective this design, then throw our observations and ideas on the retail index.
Colin: Do you see a slowdown in the futures market due to the induction uncertainty?
pleasant: Miners are hesitant to put future orders from Asia, given the extent of the unexpected tariff. The uncertainty has changed the demand for the US -based production, as buyers see more stability and less risk compared to China or Southeast Asian sources.
We already see a shift towards the production and assembly of the United States. Locally lower spare parts in the United States carries a much lower tariff than the import of complete miners, which is why some manufacturers add production fees to compensate for this customs tariff. I think we will see other larger manufacturers looking into opportunities within the United States to manufacture their devices.
We have seen hosting the demand rising in different regions worldwide, especially Canada. When Bitdeer acquired 100 megawatts in Alberta in February for more than $ 20 million, this gave other miners larger green light to come to Canada to check what we have.
will: Well, move to more news. Colin, what is the story with Jones Research Reduction?
Colin: Jones says brake pumping research on Irene. They have been reduced from purchase to adherence, and the risk mark on the cloud model of AI IRN. This is less down – they don’t say selling, just calm down. IRN increased by 400 % of its lowest level in April and 170 % years so far, so this is very reasonable.
They are wondering from the transformation away from the multi -tenant colubation, noting that the superior customers are negotiating difficult conditions and that Irene’s focus on its cloud growth may reduce the possibilities of third -party lease contracts. They warn that the company can trade the dense capital in mining for another in Amnesty International’s infrastructure, and the risk of reducing science from more stock release to finance the deployment of graphics processing unit.
Everything is somewhat reasonable when you think about their ambitions will be very expensive. They are trading an intensive industry in Capex for another-Bitcoin mining to artificial intelligence. They buy graphics processing units, put them on their own sites, and renounce the account. Jones’s research worries about the sustainability of this model if there is an increase in the GPU processing unit and more expatriates to the market.
will: Two Seas Seas Capital urges the basic scientific contributors to vote for a $ 9 billion Core Core Core Core deal. Two CS, which possesses approximately 6.3 % of the basic science, described a defective process of a defective process that reduces value. They say that the council continues to sell without communication with the market.
The All-Stock deal will witness that the basic scientific shareholders receive 0.1235 shares of Coreweave Common shares. About 9 billion dollars in the announcement, but Coreave has decreased since then. They had to open them to the first investors, and the price was trading about $ 90 for approximately $ 120 when the deal was announced.
The basic scientific administration is paid for about $ 200 million if this continues. They have a double trigger item where if they merge, all RSAS jacket is immediately. Then if it is removed from the new company, they get all of this as well. It is uncommon to see a dual operator – the administration took care of this.
Colin: Two of the seas may be the only sound that screams in the wilderness, but reflects what many basic scientific contributors feel. Many were not satisfied with the All-Stock deal-they were hoping to get money. There is an opportunity to have a group of unhappy people. It is unclear whether this will actually be achieved in anything that follows enough to obstruct the deal.
will: I don’t think it will continue based on how Coreave is trading. There are some really interesting deposits from Core Weave on how this deal occurs great to read. Coreave is $ 87 currently – this is not a great place. If the agreement can be implemented quickly, it may be fine, but with the review period, I do not see this continuous.
