Meanwhile, the Bitcoin miners are claiming that miners will benefit from the fact that some purported AI companies are out raising money — like Anthropic… alleging they will spend most of that on Riot future leased data centers (not yet built!). [Updated — OpenAI, now, as well.]
What?!
So — the Bitcoin miners’ [bulls’] case now relies on a spend of money that hasn’t been raised yet — for buildings that haven’t been built yet — to lease at the lowest bidders’ rack space price, in dusty West Texas.
That notion is… self deflating… all as huge lazy flakes wheel in slow motion, down here — from a gray sky. Smile.
All I can say is… look out below [this is a dump, from the October 2025 ~$126,000 all time highs].
Trump’s endless chaos is wrecking the “risk on” appetites, in capital markets. [I suppose that’s a silver lining — of sorts.]
नमस्ते
Powerline Lies... 