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This Week’s Must-Know Crypto Mining Moves

Your weekly dose of mining news, insights, and market shifts.

šŸ‘‹ Welcome back, miners!
Major Headlines in Crypto & Mining This Week:

  • France wants to mine Bitcoin with nuclear energy

  • Peter Thiel Takes 9% of Bitmine

  • U.S. passes landmark crypto bill

  • Whale wallets are accumulating again

  • Bitcoin hits a new all-time high

  • This Week’s Public Crypto & Mining News šŸ—žļø

  • Meme of the Week šŸ˜‚ 

1/ šŸ‡«šŸ‡· Nuclear-Powered Bitcoin? France Says Oui

Yep. Not coal. Not solar. Nuclear.

Apparently, a group of French lawmakers proposed a 5 year pilot on July 11 to redirect unused nuclear electricity typically wasted, now they wants this use towards Bitcoin mining. They estimated that using just 1 GW() of excess power could bring in $150 to $150 million a year.

More: the heat from the rigs could be repuposed to heat homes or greenhouses.

Why this matters to us:
- This flips the energy debate on its head. Instead of hurting the environment, mining could actually help use up wasted energy and warm people’s homes. If it works in France, who knows where it could go next.

2/ Peter Thiel Takes 9% of Bitmine

So this was wild, on July 16, it came out that Peter Thiel (yes, the Palantir guy) now owns 9.1% of a crypto mining company called Bitmine Immersion Technologies.

Bitmine's shares shot up nearly 15% after the news dropped. Why?
Because Thiel isn’t just any investor. He’s been a vocal Bitcoin fan for years, and his firm was one of the earliest to bet on BTC back when most people hadn’t heard of it.

Bitmine is now officially his biggest crypto-related investment on record.

- Peter Thiel

But here’s the real kicker šŸ‘‡

Bitmine also raised $250 million to kick off a new Ethereum treasury strategy. They now hold around:

  • 154 BTC

  • 163,142 ETH
    Combined? That’s over $535 million on the books.

And they just added Fundstrat’s Thomas Lee to the board.

3/ Stablecoin Law Sparks $4T Crypto Boom

The Law triggered a crypto prices jump:

  • Bitcoin hovered near an all time high of $123K.

  • Total crypto market cap hit $4 Trillion

Why this matters to us:
- Clear rules + comfort for big players. When stabelcoins get safe, banks apps, and companies dive in meaning more money, more users, more jobs, more demand.

4/ Whale wallets are accumulating again

Big wallets are buying more Bitcoin, everyone from small holders to ā€œmega whalesā€ (who own 10,000+ BTC). Everyone’s stacking up.

Wallets with over 1,000 BTC have been buying a lot since late June.

One report shows whales added 95,00 BTC in just six weeks.

šŸ—žļø This Week’s Public Crypto & Mining News

  1. CleanSpark - Mined 685 BTC in June; hash rate hit a record 50 EH/s.

  2. BIT Mining - Stock jumped 350% after pivoting to Solana mining.

  3. Marathon Digital - Deployed its first immersion-cooled miners.

  4. Riot Platforms - Battling Texas weather again but scaling up capacity.

  5. Iris Energy - Boosted capacity to 7.4 EH/s, leaning into hydro power.

  6. Bitfarms - Added new locations in Paraguay, focusing on low-cost electricity.

šŸ˜‚ Meme of the Week

Source: @dimqtdl

Till next time,

Did you know?
- Miners in Sweden are building greenhouses next to their mining farms... using the machines’ heat to grow tomatoes in the snow. šŸ…ā„ļø

I had no idea this world was so creative.

Please rate this email out 1 to 10. Just hit reply button and let me know any suggestions.

Stay curious, leaders!

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