Bitcoin Mining: Hashrate Drama, Heatwaves, and Top Miners’ Takeover – Theminermag Update

OMG, you guys! The Bitcoin mining world is going cray-cray! From hashprice swings that’ll make your head spin to network curtailments that’ll leave you sweating, it’s been a wild ride! πŸ€ͺ

But don’t worry, our friends at Theminermag, the go-to source for all things crypto mining, have got you covered with their latest report! πŸ“°

Check out these juicy deets:

  • Hashprice volatility: Bitcoin’s hashprice went from zero to hero (and back again) in no time flat! πŸ“ˆ
  • Curtailments reshape the network: Heatwaves in the U.S. caused some serious drama, removing over 130 EH/s and creating some major fluctuations in companies’ realized hashrate. πŸ”₯
  • Rising concentration: The top four mining firms are now dominating the scene, accounting for nearly 20% of monthly block rewards – more than double their share in early 2022. πŸ†
  • Stock market divergence: While most mining stocks outperformed BTC over the past month, Bitdeer, Canaan, and Core Scientific lagged despite prior momentum. πŸ“‰

Want more? Download the full report here to explore these trends in depth, including updated charts and hashrate leadership changes heading into the second half of 2025. πŸ“Š

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2025-07-16 14:27