Bitcoin rips higher while most miners end red, revealing a sharp decoupling and raising hard questions about margins, difficulty, and strategy. We unpack Hive’s Paraguay expansion and Bell partnership, Cipher’s earnings breadcrumbs, and IRIN’s vertically integrated push into AI compute amid policy chatter.• Bitcoin spikes as gold retreats and miners lag• Decoupling dynamics between BTC price and miner equities• Heat map trends and longer-term performance context• Track record across 15 miners and lessons from past cycles• Hive targets 35 EH by 2026 with Paraguay hydro expansion• Bell partnership to scale HPC and sovereign AI capacity• Cipher’s earnings timing and potential co-location updates• Power strategy, curtailment, and margin-focused operations• IREN’s Neo Cloud model and community integration• BC policy noise clarified for new vs existing data centers• Network difficulty pressures and hashprice squeeze• Why HPC is becoming the core revenue engineLet us know in the comment section below if you're making any purchases today and how you're feeling about the market!Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - [email protected]

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