Authorities in China are cracking down on Bitcoin miners in Xinjiang, potentially shutting down 1.3 GW of operations. Bitcoin mining economics are suffering, with hashprice below $40/PH/day. Hut 8 announced a $7 billion hosting deal, mirroring similar agreements seen with TeraWulf and Cipher Mining. Core Scientific’s Texas facility faces construction setbacks. Oracle’s AI project funding stalls in Michigan. A local effort to incorporate a town near a MARA Holdings facility failed, preserving the mining operation’s status.

Read more at Yahoo Finance: China mining crackdown, Hut 8’s $7B AI deal, CoreWeave’s delays