What happened in Bitcoin mining this week? Scroll below to get the headlines and highlights from around the industry.
Alternatively, click here to watch the latest Mining Pod from Blockspace Media.
Bitcoin’s price slide from recent highs has left miners navigating shrinking margins. Hashprice hovers near $47 per petahash per day, while Luxor’s Hashrate Index reported a -2.7% difficulty adjustment, giving only brief relief.
The next adjustment is forecast to climb 4.7%, signaling tighter mining economics ahead. Transaction throughput sits around 5.4 transactions per second, double 2022 levels but mostly from low-value, low-fee transactions.
TeraWulf (Nasdaq: WULF) has priced a $3.2 billion senior secured note due 2030 at 7.75%, the biggest debt issuance in Bitcoin-mining history. Unlike 2021’s risky ASIC-backed loans, this note is collateralized by HPC data centers hardware.
The proceeds will fund the massive capital outlays for AI and high-performance computing expansion, and helps cement TeraWulf among the leading hybrid compute operators.
Read more: JonesResearch sees 72% upside for TeraWulf, doubling original price target
BitFarms (Nasdaq: BITF) followed TeraWulf’s news with an upsized $588 million convertible note, netting $568 million and a 1.375% coupon. The raise underscores a growing reliance on structured debt—convertibles for flexibility, secured notes for stability—as miners fund their AI transitions.
BitFarms’ ownership of a Pennsylvania coal-fired power plant adds leverage: vertical integration gives it unique pricing control for data-center tenants and AI workloads. BITF has been a favorite among retail traders, and is up some 196% year-to-date.
A Tom’s Hardware report highlighted data-center operators turning to repurposed aircraft jet engines to meet AI-era power demand. Each turbine can deliver up to 48 MW, temporarily bridging grid delays that often stretch multiple years.
At the North American Blockchain Summit, industry executives confirmed an “arms race” for generators and transformers, with supply chains straining under AI build-outs. One operator quipped that “JetBlue might be worth more for its engines than its airline business.”
It’s an absurd but telling snapshot of how energy scarcity now drives valuations in digital infrastructure.
CleanSpark (Nasdaq: CLSK) appointed Jeffrey Thomas as Senior VP of AI Data Centers. Formerly president of Humane’s Saudi AI program, Thomas will lead CleanSpark’s HPC expansion strategy as the firm explores AI workloads alongside Bitcoin mining.