🗞️ MinerHunt Weekly | May 22, 2025

GM ☕

Leader, welcome back to MinerHunt - Here’s what we’ve got for you today:

• 🔌 Texas Goes Solar with $14M Mining Farm

• 🏗️ Cipher Drops $150M to Turbocharge Their Rigs News

• 🏦 Riot’s $200M BTC-Backed Borrowing Bonanza

• 😂 Meme of the Week

📰 Mining Mayhem: Sun-Powered Rigs, Big Money Moves, and Bitcoin IOUs

• Hey Miners and Moonchasers!
  Strap in this week’s all about sun-fueled rigs, mega money moves, and Bitcoin-backed borrowing that’ll make your ASICs purr. Let’s dig in.

☀️ Sangha’s Solar Showdown: $14M to Turn Texas Into a Giant Bitcoin Oven

• Who knew West Texas had more sun than your ex’s burner account?
  Sangha Renewables just raised $14 million to bolt a 19.9 MW mining farm onto a solar plant.

• Here’s the scoop:

  1. 🔌 Behind-the-meter magic: no grid tantrums, just pure sun juice.

  2. 🤝 Partnered with an independent power producer (IPP): no “weird Bitcoin nerds” baggage.

  3.  Investors can choose Bitcoin payouts: because HODLing > fiat.

  4. Smart algorithms: predict energy prices and hash rates to auto-switch rigs on/off like a bouncer at a VIP club.

TL;DR: Solar panels aren’t just for rooftop influencers they’re your ticket to cheap sats.

🏗️ Cipher’s Cash Cavalcade: $150M to Fast-Track Your Favorite Rigs

• Cipher Mining just dropped $150 million (via convertible notes) Wall Street’s version of a pizza party to supercharge their Black Pearl data center.

• Why it matters:

  1. 📦 Bitmain rigs land by June 23, 2025 delivery on turbo.

  2. Nabbed a 10% discount + BTC call options because bargain sats are the best sats.

  3. Targeting 16 EH/s by end of Q2 that’s more horsepower than your neighbor’s pool pump.

  4. 💥 Power move: Sold 1,261 BTC (163% of this year’s haul) to fund the build. Bold let’s see if it pays off.

🏦 Riot’s BTC IOU Bonanza: $200M Credit Line (Backed by Your Favorite Coin)

• Riot Platforms doubled down on its Bitcoin-backed borrowing game—upping their credit line from $100M to $200M, collateralized by their BTC stash.

• Here’s the play:

  1. 💳 Interest = either the Fed rate or 7.75% whichever’s higher (math is optional).

  2.  364-day maturity, with a “we might roll it” clause.

  3. 🔗 CleanSpark’s doing it too clearly a crowd favorite.

Why it’s smart: You don’t sell the farm you borrow against it, keep your BTC, and stay strapped for the next bull run.

MINERS MEMES 🤣

Source: @BitcoinMemesIRL

Source: @Mr_Meme_Machine

💡 Did You Know?

Texas is quickly becoming the “Silicon Valley” of crypto mining, thanks to cheap power and sunny days. 😅

Till next time,

Miner_Hunter Weekly Pulse

💬 Hot Take: Selling BTC to buy rigs? That’s bold… but borrowing against your stash while stacking more coins? Now that’s playing 4D chess.

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Stay curious, leaders!

PS. If you missed yesterday’s issue, you can find it here.