THE MINING POD: CoreWeave Wants to Buy Core Scientific, Riot Sheds Bitfarms Shares, Texas’ Mandatory Curtailment Law

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4.7 • 698 Ratings

🗓️ 27 June 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

CoreWeave is in talks to buy Core Scientific, and Bitcoin’s hashrate is taking a hit in the summer heat. FILL OUT THE MINING POD SURVEY BY CLICKING HERE Welcome back to The Mining Pod! Today, Luxor CEO Nick Hansen joins Colin to talk about CoreWeave’s bombshell proposal to acquire Core Scientific, Riot selling off part of its stake in Bitfarms at a 59% haircut, a new Texas law forcing data center curtailment during grid emergencies, and why Bitcoin's hash rate drop wasn't caused by US strikes on Iran (spoiler: it was just really hot outside). Subscribe to our newsletter! **Notes:** • CoreWeave-Core Scientific deal: $4-6B+ estimated • Riot sells part of its Bitfarms stake • Hash rate dropped from 944 to 808 EH/s • 7% difficulty adjustment coming (potentially largest since Dec 2022) • Texas projects 138GW load by 2030 vs 87GW today • Hashprice currently around $54-56/day Timestamps: 00:00 Start 02:26 Difficulty Report by Luxor 06:20 CoreWeave to buy Core Scientific 16:41 Riot sells Bitfarms Shares 22:44 US hashrate peak? 25:37 Texas curtailment bill 32:25 Cry Corner: Iran Strikes 37:02 Zetahash inbound? 👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy. And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today! 👉 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. 👉 Colorado Air Filter, Leaders In Mining HVAC Solutions! Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact sales@coloradoairfilter.com 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! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	What is going on, y'all? Welcome back to the Mining Pod News Roundup. We've got a special live
0:05.2	edition today with some big freaking news. CoreWe've potentially going to buy Core Scientific.
0:12.1	They're in talks. I'm here with Luxor's CEO, Nick Hanson. Nick, thank you for joining,
0:17.9	man. Appreciate you filling in today. Yeah, exciting times in Bitcoin mining. We've got MNAs. We've got IPOs. We've got people leaving Bitcoin mining, bombs, all kinds of fun stuff to talk about today.
0:29.6	This was a tough week to prep for because there were a lot of headlines that I could have thrown in.
0:35.3	And then, Wall Street Journal broke
0:38.3	this core weave exclusive and then it just blew the entire schedule out of the water.
0:42.9	But there were a bunch of other funnier ones that we'll probably touch on throughout the show
0:46.2	that are not going to be full segments.
0:48.2	But we'll be focusing a lot on the core weave, core scientific deal or the proposed deal.
0:53.3	We don't actually know if the deal
0:55.0	will materialize or what the details of it are yet. But that'll be most of the show. We'll be doing
1:00.7	our normal network and difficulty update. And then we also have a note on riot shedding some of
1:06.3	its bit farm steak and a little bit on this Texas law that mandates data center curtailment,
1:14.3	which is extremely timely with all of this stuff.
1:17.0	And then for the cry corner, why the U.S. bombing Iran did not actually lead to a 15% drop
1:24.5	in Bitcoin's hash rate.
1:25.9	Sorry, guys, today's show is brought to you by fractal Bitcoin, but we'll learn more about them later
1:30.7	in the show.
1:31.4	For now, let's get right into it.
1:33.9	I want to take a second and talk about Colorado Air Filter, a new sponsor for the
1:37.5	mining pod and a major supplier of air filtration systems for Bitcoin mining sites.
	...

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