Crypto Mining Weekly (Dec 8–14, 2025): Bitcoin Hashrate Stays Above 1 ZH/s as Miners Pivot to AI, Renewables, and Survival Mode
Dec. 14, 2025 — For years, the crypto-mining story has been told as a race: more machines, cheaper power, bigger facilities, higher hashrate. This week, the story shifted into something sharper—and more consequential for the future of proof-of-work. Bitcoin mining is still a global-scale industrial business. But multiple signals—from hardware launches and miner financials to grid-policy debates and Wall Street positioning—suggest the industry is entering a new phase: mining as an optional workload, competing directly with AI data centers for power, real estate, capital, and public tolerance.