We break down the latest Bitcoin volatility, the market-wide selloff in mining and AI infrastructure stocks, and why power access is now the real competitive moat. Then we dig into Bitdeer’s and Keel’s earnings, comparing their financial results with their very different paths toward HPC and AI data center revenue.

• Bitcoin price pressure and why we avoid day-to-day chart obsession
• Strategy’s ATM raise, Bitcoin sale and share repurchase, plus what it signals
• Miner heat map selloff, with ABTC as the outlier
• Riot rescheduling Q2 earnings and the most plausible reasons
• Texas ERCOT batch zero pause as a filter for serious operators
• Bitdeer Q2 results, adjusted EBITDA and balance sheet context
• Bitdeer’s global power footprint, near-term pipeline and hash rate expansion
• Norway co-location contract economics, PUE and tenant quality
• GPU cloud and CSP ramp, utilization rates and capex per megawatt
• Mining cost to mine, fleet efficiency and the SEAL miner roadmap
• Keel Q2 results and the operational trade-offs of pivoting to HPC
• Site-by-site updates, decommissioned mining, permitting and long-lead equipment
• Keel liquidity, convertible note funding and what delivery risk remains
• Cantor price targets and what changes once deals are signed
• Upcoming guest schedule and questions to bring to Ben

Let us know in the comment section below what you make of Kiel and BitDeer earnings and your top pick in the space currently!

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 - powermininganalysis@gmail.com