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Bitcoin Mining Industry Faces Challenges Amid China Crackdown, Hut 8's $7B AI Deal, and CoreWeave's Delays
ByAinvest
Saturday, Dec 20, 2025 11:42 am ET1min read
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.
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