Bitcoin mining news: ERCOT queue up 270%, IREN raises $2.3B, Whatsminer M70 launches

Bitcoin mining economics faced continued pressure this week as hashprice lingered near all-time lows despite network difficulty adjustments.

While operators navigate thin margins, infrastructure demand in Texas has exploded with a massive influx of interconnection requests driven by data centers. Amid the challenging environment, MicroBT released its newest ASIC miner, IREN (NASDAQ: IREN) executed a significant capital raise, and Luxor expanded its service offerings into the burgeoning AI hardware market.