For this week’s news roundup, we cover trends in the ASIC market, a series of business updates from Hut 8, and Tether’s latest mining venture.

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Welcome back to The Mining Pod! Today, Colin and Matt are joined by Ethan Vera, the COO of Luxor Technology, to talk about Hut 8's 205 MW Vega facility and its 310 MW deal to deliver electricity to Ontario. Plus, American Bitcoin's $220 million fundraise, an ASIC market update, Tether's surprise mining expansion into Brazil, and how just four public companies now control nearly a quarter of Bitcoin's total hash rate.

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**Notes:**

• Difficulty dropped 7.48% after US heat wave

• American Bitcoin raised $220M private placement

• Hut 8 secured 310MW deal with Ontario to supply electricity via natural gas plant

• Four miners control 200+ exahashes (~20% network)

• ASIC prices are decoupling from hashprice movements

• Tether goes in on mining venture in Brazil

Timestamps:

00:00 Start

02:00 Difficulty Report by Luxor

05:32 Hut 8 energizes Vega

06:22 Hut 8 310 MW electricity deal in Ontario

13:57 American Bitcoin raises $220M

18:22 ASIC market update with Ethan

26:33 Antminer S23 market

31:07 China ban reverse rumors

32:09 Tether in Brazil

38:20 50 EH/s club

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THE MINING POD: ASIC Market Update, Hut 8 / American Bitcoin Business Updates, Tether’s New Mining Venture, 50 EH/s Club

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THE MINING POD: ASIC Market Update, Hut 8 / American Bitcoin Business Updates, Tether’s New Mining Venture, 50 EH/s Club