We weigh the next chapter for Bitcoin miners as price volatility meets a surge in AI and HPC demand. Power, financing, and execution define who wins 2026 while earnings, HODL strategies, and compensation transparency shape investor trust.

• Bitcoin price swings and policy delays shaping sentiment
• Miners’ pivot from pure mining to HPC data centers
• BitZero’s Scandinavian growth and Blackwell GPU rollout
• Hydra partnership and bare-metal AI supply chain signals
• ABTC’s HODL climb and sats-per-share as a metric
• Valuation checks using HODL vs market cap
• WhiteFiber convertible, zero-strike call, and project finance
• Rumored hyperscaler demand and Iron’s earnings timing
• Data center capex realities and construction surge
• CleanSpark compensation debate and alignment with returns
• Q1 competition momentum and watchlist for earnings catalysts

Hit the like button, feel free to subscribe, and let us know in the comments how you’re feeling about the sector and your top pick in the space!

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We ask whether Bitcoin’s four‑year cycle still holds in a world of ETFs, corporate treasuries, and AI compute demand. We weigh miner margins, weather shocks, and the shift to HPC as Nvidia, CoreWeave, and Bitfarms reshape the field.

• Bitcoin price context and long‑term trend
• Miner margins under post‑halving pressure
• Institutional buying and treasury adoption
• Gold at highs and the digital gold case
• Cycle debate with fresh predictions to 2030
• Policy momentum and strategic reserve talk
• Nvidia’s $2B CoreWeave stake and capacity gap
• Weather‑driven hashrate drop and curtailments
• CleanSpark scrutiny and reporting nuance
• Bitfarms’ Washington HPC build and timeline
• Miners’ pivot to data center economics

Let us know in the comments section below your response to the question. Is the cycle over?

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We map out the earnings season playbook for Bitcoin miners, from production gaps and HODL hits under FASB to the first meaningful AI and HPC revenues. IREN’s early date sparks a wider look at transparency, capital discipline, and where 2026 growth will really come from.

• production trends and volatility across miners
• the drop in monthly updates and why it matters
• HODL revaluations under new FASB rules
• revenue pressure from lower Bitcoin price
• AI and HPC contracts starting to generate revenue
• capex, timelines, and margin math on hosting
• executive compensation versus shareholder returns
• Q1 and 2026 outlooks, pipelines, and site buildouts
• network difficulty, hash price, and fee dynamics
• risks of shifting power away from mining

Smash the like button, subscribe to McNallie Money, and tell us in the comments how you’re feeling about Q4 earnings and IREN on February 5 after market close!

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We trace Bitfarms’ shift from a legacy Bitcoin miner to a U.S.-focused AI and HPC builder under CEO Ben Gagnon. From selling South American sites to financing Washington and scaling Pennsylvania, we break down the assets, costs, policy context, and execution plan.

• market backdrop and miner volatility
• policy signals from Davos and U.S. governance
• Bitfarms’ debt reset and leadership change
• Riot’s approach and the defense of independence
• Stronghold acquisition and PJM advantages
• divesting Paraguay to lower blended power costs
• Washington 18 MW design and unit economics
• PUE, cooling, and northern site selection
• Panther Creek phasing and financing approach
• Sharon and Scrubgrass long-term pipeline
• Quebec capacity and staged timelines
• U.S. redomicile, board refresh, and T5 partnership
• outlook for AI contracts and execution risks

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We track a volatile week for Bitcoin and miners, then break down why Hive Digital’s growth from 6 to 25 exahash, low debt, and dual engine model position it for 2026. We unpack Paraguay hydropower, Buzz HPC’s ARR path, and the balance sheet discipline behind consistent output.

• Bitcoin price slide and miner volatility
• Correlation between Hive’s share price and Bitcoin
• Hashrate growth from 6 to 25 exahash
• Monthly production efficiency and uptime focus
• Buzz HPC roadmap and ARR targets
• Paraguay flagship, hydropower economics, and deal structure
• Net asset, current, and debt ratios vs peers
• G&A discipline and stock-based compensation control
• Community investment in Sweden and Paraguay
• Hashprice, difficulty adjustments, and near-term outlook

Let us know in the comments section below if you're currently holding shares of Hive and your outlook for 2026!

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We track the pivot from Bitcoin mining to Tier 3 AI data centers, focusing on how contracts turn into energized megawatts. From Denton to Childress, GB200 pilots to GB300 deployments, we weigh execution risk, capex strategy, and the talent it takes to scale.

• Bitcoin volatility as noisy backdrop to long-cycle buildouts
• Contracts versus delivery as the real moat
• CoreWeave–Core Scientific Denton progress despite weather delays
• BitDeer GB200 pilots and the challenge of future proofing
• BitZero B300 deployment and power allocation strategy
• Hive with Bell Canada ahead of schedule on HPC revenue ramp
• WhiteFiber brownfield retrofits and client count growth
• DigiPower ARMS 200 standardized modular rollouts
• IREN Childress CSP build for Microsoft at hyperscale
• Cost per megawatt spread and financing implications
• Talent as a lever, highlighted by Soluna’s new CFO

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We compare six headline HPC AI contracts signed by leading North American miners, mapping the tradeoffs between hybrid retrofits, tier three builds, colo margins, and full CSP risk. We rank returns, payback speeds, and financing structures while highlighting where speed to power beats perfection.

• Cipher’s multi‑hyperscaler lineup and Google equity backstop
• Core Scientific’s CoreWeave expansion with low retrofit capex
• HUT 8’s FluidStack triple‑net lease and near‑total NOI
• IREN/Microsoft’s CSP model, GPU capex, and five‑year term
• Riot’s AMD deal using hybrid retrofits and room to scale
• TeraWulf’s three Google‑linked deals and financing momentum
• Method for apples‑to‑apples comparisons and key assumptions
• Why speed to power, payback, and capex per MW drive returns
• Bitcoin mining headwinds pushing miners toward AI infrastructure

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We explore how Soluna and Siemens plan to solve AI’s grid risk while scaling behind-the-meter data centers powered by wind. We also break down the MetroBlocks partnership, the CODI 2 expansion path to 300 MW, evolving reliability standards, and why time to power now leads.

• Context on “Soluna 2.0” and 2025 milestones
• The hidden grid problem from AI power swings
• Why traditional UPS is not enough at scale
• Project GRACE pilot design with Siemens
• Behind-the-meter AI as a first-of-kind approach
• MetroBlocks JV scope and roles
• KATI 2 scaling via clustering to 300 MW
• LOI progress, design packages and RFPs
• Financing tied to leases and advisor support
• Tier strategy, relaxed nines and speed
• Convergence of compute and power markets
• Bitcoin hosting as a parallel growth engine

Hit the like button, feel free to subscribe you guys. If you have any additional questions for the team at Soluna leave them in the comment section below!

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We sit down with Riot Platforms CEO Jason Les to unpack the AMD lease, the Rockdale land purchase, and how we convert a mining-first footprint into a high-return data center platform. The conversation covers financing, speed to market, and why Texas power plus control changes the game.

• Buying Rockdale land to unlock leasing and remove $130m in future ground rent
• AMD’s 25 MW lease with options to 200 MW and ROFR
• Retrofit economics at ~$3.5m per MW versus tier three builds
• Using Bitcoin reserves for non‑dilutive equity and project financing
• 1.7 GW Texas portfolio advantages near fiber, water and metro hubs
• Decommissioning immersion mining to accelerate AMD timelines
• Strategy to maximize value per watt with tier three as the core
• Potential to expand Rockdale power with secured easements
• Role of flexible Bitcoin load for balancing and interim monetization
• Team buildout under Chief Data Center Officer Jonathan Gibbs

Let us know in the comments section below what you thought about today’s Riot news and if you’re currently holding shares!

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We count down our top CEO moments of 2025 and trace how Bitcoin miners pivot into AI infrastructure while policy and markets reshape the risk. Deals, power math, and patience emerge as the levers that will define 2026.

• Bitcoin price context and miner sentiment
• Soluna’s Project Caddy and HPC power planning
• How large AI contracts get negotiated and priced
• Political tailwinds, ETFs, and institutional adoption
• CSP versus colocation strategies for miners
• Microsoft Childress deal structure and GPU scaling
• Valuation frameworks for growth without earnings
• Cipher’s risk profile and power contracts
• Why infrastructure is not a bubble
• NVIDIA preferred status and financing dynamics
• Pennsylvania site strategy and timing for better terms
• Senate crypto bill roadblock and Coinbase response
• Links to all featured interviews for deeper dives

Take a second, smash a like button, you guys. If you're not already subscribed, McNallie Money, feel free to join. Let us know in the comment section below which was your top interview from Power Analysis in 2025 or top miner CEO interview!

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