The week in Bitcoin mining and AI infrastructure was tumultuous, with Nvidia reporting strong Q3 earnings followed by a market reversal. Hashprice in bitcoin mining hit a record low. U.S. load growth could reach 166GW by 2030 due to AI demand. Cipher Mining secured an $830 million hosting extension with Google.

Despite challenges in mining economics, global hashrate continues to rise. Nvidia had a stellar quarter with revenue up 62%, but market reaction was short-lived as the gains were wiped out in hours. A report projects massive U.S. energy demand growth driven by data centers and AI.

A new report forecasts a 166GW increase in U.S. load growth by 2030, with data centers accounting for the majority. ERCOT alone is projected to add 53GW. The energy market is shifting due to AI demand, creating challenges in capacity and supply.

Cipher Mining secured an $830 million hosting extension with Fluidstack, backed by Google. The deal adds to their revenue and commitment with Fluidstack. The Financial Times faced criticism for misleading headlines about Oracle’s AI deal, reflecting skepticism toward tech and AI.

Read more at Yahoo Finance: Hashprice plunges to new low, 166 GW load forecast, and Cipher’s $830M Fluidstack extension