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! 🤪

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! 📰

Check out these juicy deets:

  • Hashprice volatility: Bitcoin’s hashprice went from zero to hero (and back again) in no time flat! 📈
  • 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. 🔥
  • 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. 🏆
  • Stock market divergence: While most mining stocks outperformed BTC over the past month, Bitdeer, Canaan, and Core Scientific lagged despite prior momentum. 📉

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. 📊

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2025-07-16 14:27