Hashrate has finally ripped back to a zettahash. Miners are hurting and Strategy's clock is ticking. This week I break down exactly where we are: Today we cover: - ETF holders are sitting on ~25% unrealized losses with $1.8B in outflows last week alone. - Most miners are hashing underwater right now. We retested all-time lows in mining revenue at $27/PH/day. The exception: S21 XP at 5.6¢/kWh is still printing BTC at ~$44K cost of production. - 7.15% difficulty increase - squeezing margins again. - Strategy has 9.8 months of USD cash coverage on preferred dividends. STRC is trading at $75 (should be $100). Market is playing chicken with Saylor. The ROI looks terrible right now. That's usually the signal. Watch the full breakdown . 👇 Any questions regarding the current market conditions miners are facing? *Numbers subject to change. Not financial advice.

Happy Monday Miners. ⛏️ Bitcoin's ~50% off the ATH and hashprice is retesting lows. Today we cover: - Inefficient operators are still unplugging as Hashprice is back near $28/PH. - S21 XPs @ 7¢/kWh are still producing BTC under spot. - Boomer ETFs bled ~$5.8B; avg cost basis (~$83K) now underwater! - Difficulty adjustment (est. June 14) currently tracking ~−10%. A pay raise for everyone still hashing. Paper hands are exiting. Efficient miners are still stacking at a discount. 👇 Any questions regarding the current market conditions miners are facing? *7¢/kWh assumes a competitive hosting rate. Numbers subject to change. Not financial advice.

Happy Monday Miners. ⛏️ This week we cover why Bitcoin Miners are reading the wrong chart. In USD, hashprice looks dead (~$5 off the February low). But in BTC terms, you're earning over 10% MORE sats per petahash than at the November hashrate peak. Why? ~20% of the network's hashrate came offline (1,117 → 894 EH/s), difficulty dropped, and so the efficient operators still online are getting rewarded with more BTC for the same machines. 👇 Comment below, are you mining for dollars or for Bitcoin? Numbers subject to change. Not financial advice.

Here is your weekly update covering key mining metrics alongside our commentary on what the numbers mean for Bitcoin miners. This episode breaks down the Saylor sale that spooked the market. Strategy sold 32 BTC out of 843,706 but BTC still crashed below $67K. Meanwhile ETFs dumped 20,578 BTC over 7 days, 6x more than miners produced. 👇 Drop your thoughts in the comments.

Here is your weekly update covering key mining metrics alongside our commentary on what the numbers mean for Bitcoin miners. This episode we also review the news that MicroStrategy is pushing STRC to bi-weekly payouts. They hold 713,502 BTC and raised $25.3B in 2025 - buying faster than miners produce. Supply squeeze. If the market is buying Bitcoin faster than miners can produce it, what has to happen next in mining? 👇 Drop your thoughts in the comments.