Part 7/14:
Jamie mentions that the expected addition of around 414 exahashes from new machinery potentially doubles Bitcoin’s current network capacity. This expansion could depress miners’ profitability unless the Bitcoin price increases proportionally. The timing of hardware delivery and deployment, however, is unpredictable, adding uncertainty to strategic planning.
Private mining giants, such as Atlas and others moving into North America, are poised to significantly alter the landscape. As they come online, older, less efficient miners like S9s are likely to be phased out, demanding more capital investment and operational scaling.