A green week lifts Bitcoin miners, but we dig beneath the bounce to show how difficulty, power costs, and fleet efficiency drive real margins. We walk through CleanSpark’s HPC pivot, Bitfarms’ positioning, Core Scientific’s crossroads, and why hash price lows are forcing strategy shifts.

• market recap and whale selling context
• miner heat map highlights and volatility
• Soluna’s wind power model and project pipeline
• CleanSpark’s pivot to HPC and containerized buildouts
• Bitfarms’ hyperscale adjacency and rising volumes
• Core Scientific’s contract vote fallout and strategy questions
• post‑halving productivity per exahash trends
• difficulty’s impact on output and margins
• efficiency upgrades and power cost benchmarks
• forward hash price curve and revenue pressure
• why miners race toward HPC and AI compute
• newsletter, audio platforms, and Minor Madness details

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