🇺🇸 Bitcoin’s publicly listed miners are walking away. The hashrate isn’t.
IREN, Core Scientific, Cipher, TeraWulf, and Bitfarms have announced AI and HPC lease agreements worth more than $50 billion. Their BTC production is down 47% year over year, from 13,263 to 7,075 BTC.
Yet the network has added ~105 EH/s since its August 6 low and is now just 8.8% below its all-time high. Private, sovereign, and non-U.S. operators are filling the gap, while MARA, Riot, and CleanSpark continue buying machines and gaining market share.
→ Read the full report.
Source: CryptoQuant
🌍 Update by GemCrypto
$BTC
#Bitcoin #Crypto
IREN, Core Scientific, Cipher, TeraWulf, and Bitfarms have announced AI and HPC lease agreements worth more than $50 billion. Their BTC production is down 47% year over year, from 13,263 to 7,075 BTC.
Yet the network has added ~105 EH/s since its August 6 low and is now just 8.8% below its all-time high. Private, sovereign, and non-U.S. operators are filling the gap, while MARA, Riot, and CleanSpark continue buying machines and gaining market share.
→ Read the full report.
Source: CryptoQuant
🌍 Update by GemCrypto
$BTC
#Bitcoin #Crypto