Bitcoin Mining Industry Faces Challenges Amid China Crackdown, Hut 8's $7B AI Deal, and CoreWeave's Delays

China has resumed scrutiny of Bitcoin mining operations in Xinjiang, potentially shaking out 1.3 GW of mining capacity. Hut 8 has signed a $7 billion AI hosting deal, while Core Scientific faces delays in its project developments. Bitcoin mining economics have deteriorated, with hashprice under $40 per PH/s/day and a negative difficulty adjustment of over 1% projected.