The world of mining. In focus.
Canaan revisits the ASIC lesson for AI: efficiency needs a stable workload
Canaan’s September 10 newsletter compares specialized AI hardware with mining chips. Our analysis separates that industry argument from product announcements and examines what operators can actually measure.
Read analysis ↗
IREN’s Sweetwater gets conditional ERCOT status: 2 GW is not live capacity
IREN’s September 8 announcement records conditional inclusion in ERCOT Batch Zero. We explain how to distinguish a development portfolio, an energized substation and operating data-center capacity.
Canaan revisits the ASIC lesson for AI: efficiency needs a stable workload
Canaan’s September 10 newsletter compares specialized AI hardware with mining chips. Our analysis separates that industry argument from product announcements and examines what operators can actually measure.
Mining news
Explore ↗
AGM and HashBeaver put a desktop Bitcoin DePIN node into pilot production
The partners describe a SHA-256 device with AI-assisted management. Verified performance, pricing and delivery details remain unpublished in the announcement.
BitFuFu reports 174 BTC for August as managed hashrate reaches 20.6 EH/s
The unaudited update separates self-mining from cloud-customer output. Fleet efficiency improved, but managed capacity is not the same as owned equipment.
Sterling Digital records its first Bitcoin output during gas-powered commissioning
The West Texas project completed a live-load mining test. Continuous commercial operation remains a later commissioning milestone.
Bitdeer buys 200 acres near Rockdale for AI/HPC development
The approximately $100 million cash acquisition expands site control. Land ownership and planned power capacity do not mean an operating AI data centre.
Bitdeer AI contracts all A102 capacity: service launch planned for 2027
The Malaysian 9.5 MW project has five-year commitments with expected revenue above $800 million. Contracted future revenue is not revenue already earned.
PowerCompute reports energy sales alongside August mining output
PowerCompute reported 7.9 BTC mined and approximately $132,000 in energy sales during August. Its preliminary update illustrates why flexible-load income must be accounted for separately.
