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CoinDesk Podcast Network

THE MINING POD: China Mining Crackdown, Hut 8’s $7B Fluidstack Deal, CoreWeave Site Delays

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 19 December 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

This week in bitcoin mining news, hiccups surface in AI site development and funding, and China crackdown on bitcoin mining in Xinjiang. Subscribe to the Blockspace newsletter! Welcome back to The Mining Pod! Today, Colin and Matt dive into reports of a bitcoin mining crackdown in Xinjiang, China, Hut 8's massive $7B hosting deal with Fluidstack, just-reported summer weather delays at Core Scientific’s Denton facility for CoreWeave, and Blue Owl declining to fund a 1 GW AI site for Oracle. And to close the show, veteran crypto reporter Brady Dale, author of the Front Stage Exit newsletter, joins us to talk about a failed vote in Granbury, Texas, to incorporate a new town to expel MARA from its facility in the area. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** Notes: * ~1.3GW/100 EH of mining under pressure in Xinjiang * Hashprice under $40 per PH/s/day * Difficulty adjustment projected at -1% * Hut 8 inks $7B, 15-year hosting deal with Fluidstack * Core Weave faced 60-day construction delays over the summer at CORZ Denton site Timestamps 00:00 Start 05:44 China bans Bitcoin, again! 15:46 Hut 8 hyperscaler deal 21:49 Delays at CoreWeave Denton site 25:26 Oracle funding issues 30:21 Brady Dale goes to Texas 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

Transcript

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0:00.0

You can draw a straight line from the China mining ban to the AI revamps.

0:04.9

I think that's pretty amazing.

0:06.6

China bans Bitcoin mining, hash rate reshors to the U.S., you have this proliferation

0:11.8

of publicly traded Bitcoin miners that honestly most of them had no business going public.

0:16.5

It was a total momentum trade.

0:18.2

It's a terrible business.

0:19.5

If you're investing in it long term for a public

0:21.6

company, you're going to just get farmed and diluted, right, by some of the largest companies

0:27.0

in the cohort. But then suddenly these miners had more power assets than anyone else in the US

0:32.5

almost, and now they have prime real estate for some of these AI builds. I mean, Chokh one up

0:37.1

to the butterfly

0:37.7

effect. That's a pretty incredible secondary effect from China's mining ban. This week in Bitcoin

0:45.0

mining news, China bans mining again? Plus, HUD-8 scores a hyperscalor tenant and some project

0:52.3

and financing delays for some of 2025's AI darlings.

0:56.2

You're listening to the mining pod brought to you by CleanSpark, and for today's show,

1:00.2

we dive into a crackdown on Bitcoin mining in Jinjiang.

1:03.6

We touch on HUD-Aid's fluid stack deal, which mirrors some of the others we've seen with

1:07.6

cohorts in the Bitcoin mining industry.

1:10.0

We also touch on project delays

1:12.3

at the Denton, Texas facility that Core Scientific is building out for Corweave. And we also have a

1:18.4

story on how Blue Owl is bowing out of financing Oracle's latest data center in Saline, Michigan.

1:25.4

And to close the show in lieu of a cry corner, we have Brady Daylon to talk about his

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