4.8 • 689 Ratings
🗓️ 27 June 2025
⏱️ 38 minutes
🧾️ Download transcript
CoreWeave is in talks to buy Core Scientific, and Bitcoin’s hashrate is taking a hit in the summer heat.
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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).
**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?
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Click on a timestamp to play from that location
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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