Bitcoin Mining Heats Up: Theminermag’s June/July 2025 Breakdown

Hashrates hit new peaks as miners scramble ahead of the next halving—while Wall Street still can't decide if crypto is 'digital gold' or a Ponzi scheme.

Hardware Arms Race Intensifies

Next-gen ASICs flood the market, pushing older rigs toward obsolescence. Mining farms now consume more energy than mid-sized countries—and somehow ESG funds are still buying carbon credits to offset it.

Profitability Rollercoaster

Post-halving economics force smaller players to consolidate or shut down. Meanwhile, publicly traded miners report record revenues (thanks to creative accounting and those sweet, sweet institutional investor subsidies).

Regulatory Shadowboxing

The SEC quietly approves another futures ETF while simultaneously suing three mining pools. Classic 'regulation by enforcement' theater—bankers get bailouts, crypto gets bureaucracy.

Closing Thought: The machines keep hashing, the blocks keep coming, and the suits still don't get it. Welcome to the decentralized future—brought to you by centralized mining conglomerates.