Miner Weekly: $33B in Bonds Is Fueling the AI Megawatt Arms Race

Bitcoin’s hashrate has spent 316 days below its record as miners redirect power toward AI.The seven-day network average stood near 914 exahashes per second on Aug. 31, about...

Key TakeawaysBitcoin mining uses 30% of Paraguay’s power, sparking warnings of a major energy crisis by 2029.Stagnant power generation and a $15B funding gap threaten the nation’s long-term...

Every answer you get from an AI chatbot begins with electricity. The words appear on your screen, but the actual work happens in a distant building packed with...

This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on...

IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware to make room for AI infrastructure and grow IREN's AI cloud revenue.The company’s...