Analysis: AI Computing Power Competes for Electricity Resources, Bitcoin Miners Transition to Renting Computing Power for More Stable Earnings
On April 7, CoinDesk reported that AI infrastructure development is emerging as one of the biggest sources of new electricity demand in the U.S. — a trend unfolding as Bitcoin miners grapple with a key choice: keep mining or lease their infrastructure to AI firms.
This shift is growing increasingly clear. Core Scientific has shifted most of its mining hash rate to AI hosting services via a partnership with CoreWeave. Iris Energy and Hut 8 have also expanded revenue from AI and high-performance computing (HPC). Last week, Riot Platforms, MARA Holdings, and Genius Group disclosed selling more than 19,000 bitcoins — a sign that relying solely on mining economics is no longer sustainable for operations amid current prices and record-high network difficulty. A Bitcoin miner running 1 gigawatt of hash rate would see revenue swing with Bitcoin’s price and network difficulty. But leasing that same 1 gigawatt to an AI firm generates predictable income tied to contract terms.
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18 minutes ago
「Whale」 Long ETH Position Increased to $19.9M through Repeated Leveraged Bets, with Actual Net Loss of $20k in This Round
On April 7, HyperInsight monitoring (via its Telegram channel at https://t.me/HyperInsight) reported that "Buddy" Huang Licheng faced a large liquidation on March 26, leaving only ~$90,000 in his account. He then deposited $700,000 into Hyperliquid to add capital and launch his current long position.
Since the liquidation, he has deposited a total of $1.17 million into the platform, plus his remaining account balance bringing the combined total to $1.26 million. No withdrawals have been made during this period, but due to ongoing rollovers and additional position increases, his current actual account balance is ~$1.24 million—meaning a net loss of ~$20,000 from this round of trades. Despite continuously growing his long position, he has yet to lock in positive returns.
Reportedly, the address currently holds a $19.9 million ETH long position with a liquidation price of $2,022. As of press time, he is gradually reducing his position in small increments, placing sell orders in the
18 minutes ago
The "1x Long Leveraged Crude Oil" whale's unrealized gains have reached $3.22 million, now the largest long position in on-chain WTI crude oil
On April 7, HyperInsight Monitoring reported that a whale (address 0x936) holding "1x Long Crude Oil (1x Leverage)" has seen its floating profit on WTI crude oil long positions hit $3.22 million amid a surge in WTI prices. The position was opened on March 24 at an average price of $105.5, with a position size of $38.78 million—making it the largest on-chain holder of WTI crude oil long positions.
18 minutes ago
Yesterday, the US Bitcoin Spot ETF saw a net inflow of $471.4 million, while the Ethereum ETF saw a net inflow of $120.2 million.
On April 7th, per Farside monitoring data, US Bitcoin spot ETFs saw a net inflow of $471.4 million yesterday, while Ethereum ETFs recorded a net inflow of $120.2 million.
18 minutes ago
WTI Crude Oil Surges 3% Intraday, Now Trading at $116.19 per Barrel
On April 7, per Bitget market data, WTI crude surged 3.00% intraday, last trading at $116.19 a barrel. WTI crude futures climbed to $116 a barrel, up 3.19% on the day.
18 minutes ago
SEC Chair: 'Regulatory Rulemaking on Cryptocurrency Financing' Coming Soon
Per CoinDesk on April 7th, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated Monday that the agency plans to propose a crypto regulation rulemaking to further clarify its regulatory approach to the crypto industry and define which transactions qualify as securities and which do not.
The rulemaking has already been submitted to the White House Office of Information and Regulatory Affairs (OIRA), putting formal release within reach. Atkins noted the proposal is primarily grounded in the Securities Act of 1933 and will cover topics including fundraising and startup exemptions.
During the closing Q&A, he added that the SEC also plans to roll out the long-awaited "Innovation Exemption" soon.
18 minutes ago
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