Bitcoin mining companies reveal contrasting strategies and results as they navigate post-halving challenges while expanding into high-performance computing and AI infrastructure.

• CleanSpark shows strong discipline with 53% margins and controlled stock-based compensation
• Marathon Digital disappoints despite having the largest Bitcoin treasury of 48,000+ BTC
• BitDeer's vertical integration strategy features their Seal Miner A3 at industry-leading 9.7 joules per terahash
• HIVE Blockchain continues Paraguay expansion, reaching 7.3 exahash with impressive 15.8 BTC per exahash efficiency
• Soluna Holdings develops multiple large-scale projects for both Bitcoin and AI hosting
• TeraWulf struggles with high power costs (8.1 cents/kWh) and reports negative adjusted EBITDA
• US miners rushing to import machines before July 9th tariff exemption expires
• Most miners selling Bitcoin to fund expansion as price remains above $100,000

Join us next week for exclusive interviews with executives from Iren, Bitdeer, and Bitfarms as we continue tracking the evolving mining landscape.

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