Mining Weekly Digest #1

Posted on
February 7, 2025
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The highlights of the week

Bitcoin hashrate stabilizes after a fall in January

The month of January was marked by contrasting data for Bitcoin mining. After reaching historic highs in early January at over 820 EH/s, the hashrate fell significantly following the fall in the price of BTC to $90,000. However, the situation seems to be normalizing at the beginning of February.
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Wall Street miners are turning to AI

MARA, one of the largest American miners, recorded a 12% drop in monthly production in January with 750 Bitcoin mined. For its part, Riot Platforms is abandoning its 600MW expansion project to focus on opportunities in AI and HPC, marking a major strategic turning point.
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CleanSpark crosses the 40 EH/s mark

The American miner continues to grow despite extreme weather conditions. The company mined 626 BTC in January and improved fleet efficiency by 8% compared to the previous month. CleanSpark is now aiming for 50 EH/s by mid-2025.
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Trade tensions: Bitcoin under pressure

Trump's announcement of a 25% tax on imports from Mexico and Canada caused market turmoil. Although the situation calmed down after the suspension of tariffs, analysts remain cautious about the outlook for February, which has traditionally been a favorable month for Bitcoin.
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Crypto news to watch in February

Several promising projects are entering the market this month, including Solaxy (SOLAXY), an innovative blockchain project in the solar energy sector, allowing the peer-to-peer exchange of tokenized solar energy credits (NFA).
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Upcoming key events

The month of February promises to be busy, including the listing of BERA on Binance on February 6, the possible opening of XRP and SOL futures contracts at CME on February 10, and the start of repayments for FTX creditors on February 18.
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