CoreWeave Wants to Buy Core Scientific, Riot Sheds Bitfarms Shares, Texas’ Mandatory Curtailment Law
CoreWeave is in talks to buy Core Scientific, and Bitcoin’s hashrate is taking a hit in the summer heat.
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Show Notes
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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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