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Stock impact report

Bitcoin mining news: China mining crackdown, Hut 8's $7B AI deal, CoreWeave's delays [Yahoo! Finance]

Core Scientific, Inc. (CORZ) 
Company Research Source: Yahoo! Finance
Xinjiang, potentially shaking out gigawatts worth of bitcoin mining in the region. While hashrate faces pressure abroad, North American infrastructure continues to pivot toward AI, headlined by a massive hosting deal from Hut 8 (Nasdaq: HUT) and ongoing project developments for Core Scientific (Nasdaq: CORZ). Meanwhile, market economics remain strained with hashprice dipping below $40 per PH/s/day, and financing concerns have emerged for major tech players like Oracle (NYSE: ORCL). In Texas, local politics took center stage as a vote to incorporate a town near a MARA Holdings (Nasdaq: MARA) facility failed, securing the miner's operational status for the time being. You're reading a recap of The Mining Pod. Watch here on Youtube! Authorities in the Xinjiang region of China have ramped up scrutiny on Bitcoin miners operating in the gray market, leading to a shutdown of roughly 1.3 GW of power capacity. This enforcement is framed as rolling inspections rather than a single seizure Show less Read more
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