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4 Jun 2026, 06:43

Why Are Bitcoin Miners Setting Up Next to Nuclear and Hydro Plants?

BitcoinWorld Why Are Bitcoin Miners Setting Up Next to Nuclear and Hydro Plants? Bitcoin miners setting up next to nuclear and hydro plants is one of the clearest signals of how the mining industry has matured from a chaotic, fossil-heavy business into an energy-strategy game. The logic is simple: these plants offer cheap, reliable, low-carbon power that turns electricity, a miner’s single largest cost, into a durable competitive advantage. This article breaks down the economics behind these co-location deals, why nuclear and hydro specifically attract miners, the real-world partnerships already operating, and how miners double as flexible grid partners. Why Do Bitcoin Miners Want to Be Located Next to Nuclear and Hydro Power Plants? The core reason Bitcoin miners set up next to nuclear and hydro plants is cost. Electricity typically represents 60–80% of a mining operation’s operating expenses , so even a fraction of a cent per kilowatt-hour decides whether a miner is profitable or bleeding cash. Locating directly beside a power source eliminates transmission fees and grid markups, unlocking some of the lowest electricity rates in the industry. Key drivers behind the co-location trend: Rock-bottom power costs: At Pennsylvania’s Nautilus Cryptomine , miners reportedly drew nuclear electricity at around $0.02 per kWh , one of the cheapest rates in the public mining sector. Baseload reliability: Nuclear and hydro deliver stable, 24/7 power , which suits mining hardware that earns most when it runs continuously. Low-carbon profile: Both sources are carbon-free or low-carbon , helping miners answer the ESG criticism that has dogged the industry. Squeezed margins: With network hashrate surging (exceeding 831 EH/s in May 2025) and rewards thinning after the halving, only the cheapest-power operators survive. Why Are Nuclear Plants Specifically Attractive to Bitcoin Miners? Nuclear plants face a structural problem that Bitcoin mining happens to solve: they run at full output around the clock but cannot always sell all that electricity, especially overnight when demand drops. A miner sitting next door becomes a guaranteed “buyer of last resort” for power that would otherwise be sold cheaply or wasted. Surplus monetization: Plants that can’t sell 100% of their output can route the excess to mining, improving plant economics. A clean-energy use case: Analysts at ScottMadden have framed nuclear-plus-mining as a partnership that diversifies utility income while putting carbon-free power to productive use. Rising nuclear share: Nuclear’s slice of Bitcoin’s energy mix climbed from about 4% in 2021 to roughly 10% in 2025 , according to Cambridge Centre for Alternative Finance data. Real partnerships: TeraWulf formed a 2021 joint venture with Talen Energy beside the 2.5 GW Susquehanna plant; Standard Power partnered with Energy Harbor in Ohio; and Oklo has explored small modular reactor (SMR) deals with mining firms. Why Do Bitcoin Miners Cluster Around Hydroelectric Dams? Hydropower is the single largest renewable source in Bitcoin mining, accounting for around 23.4% of the surveyed energy mix in the Cambridge data. Its appeal is seasonal abundance: dams frequently generate more electricity than the local grid can absorb, particularly during high-flow rainy seasons, and miners convert that surplus into revenue instead of letting water spill past idle turbines. Soaking up surplus: In Paraguay , miners have worked with the national power authority to absorb excess hydropower from the massive Itaipu Dam . Cheap, cool, and renewable: Iceland, Norway, and Quebec pair abundant hydro (and geothermal) with cold climates that cut cooling costs, making them long-standing mining hubs. Curtailment avoidance: Around New York’s Niagara River , miners ramp up during high-flow seasons and scale back when household demand rises, helping balance the system. How Does Locating Near Power Plants Help the Grid, Not Just the Miners? A frequently overlooked point in the Bitcoin miners and nuclear/hydro plants story is that mining is an interruptible, location-flexible load unlike almost any other heavy industry. Miners can power down within seconds to minutes, which makes them useful partners for grid operators managing volatile supply from renewables. Rapid curtailment: During Winter Storm Elliott in December 2022, Texas miners curtailed over 1.5 GW within minutes, freeing enough power for roughly 300,000 homes. Paid to pause: In some ERCOT grid events, miners earned more by curtailing and selling power back than by continuing to hash. Renewable smoothing: Miners can soak up midday solar or overnight wind surpluses and step aside at peak demand, reducing curtailment without costly new storage. Plant viability: By providing steady baseline revenue, mining can improve the financial case for keeping struggling nuclear plants and renewable projects running. div]:bg-bg-000/50 [&_pre>div]:border-0.5 [&_pre>div]:border-border-400 [&_.ignore-pre-bg>div]:bg-transparent [&_.standard-markdown_:is(p,blockquote,h1,h2,h3,h4,h5,h6)]:pl-2 [&_.standard-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6)]:pr-8 [&_.progressive-markdown_:is(p,blockquote,h1,h2,h3,h4,h5,h6)]:pl-2 [&_.progressive-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6)]:pr-8"> _*]:min-w-0 gap-3 standard-markdown"> Frequently Asked Questions Why are Bitcoin miners setting up next to nuclear power plants in 2025 and 2026? Bitcoin miners set up next to nuclear plants mainly to secure cheap, reliable, low-carbon baseload power, often at rates near $0.02 per kWh that are hard to beat anywhere else. Nuclear’s share of Bitcoin’s energy mix rose from about 4% in 2021 to roughly 10% in 2025, driven by deals like TeraWulf’s venture beside the Susquehanna plant. With mining margins squeezed by rising hashrate and post-halving rewards, locking in the lowest possible power cost is now a survival strategy. Is Bitcoin mining with hydropower actually good for the grid? In many cases, yes. Bitcoin miners act as flexible, interruptible buyers that absorb surplus hydropower during high-flow seasons and power down quickly when households need electricity, as seen in Paraguay’s Itaipu Dam partnership and Quebec’s hydro surpluses. This load flexibility helps avoid curtailment and improves the economics of hydroelectric plants, though it doesn’t make mining universally “green.” Are AI data centers competing with Bitcoin miners for nuclear and hydro power? Yes, and increasingly so. The same baseload nuclear and hydro power that drew Bitcoin miners is now in high demand from AI hyperscalers, who often generate more revenue per megawatt and can outbid crypto firms for grid access and long-term contracts. Several former Bitcoin mining sites near power plants are already being converted into AI data centers, while some miners pivot to hosting AI workloads to stay competitive. Conclusion: Why the Race for Plant-Side Power Matters Now The trend of Bitcoin miners setting up next to nuclear and hydro plants is not a quirk of the crypto world; it is a preview of how every energy-intensive industry will fight for clean, reliable, low-cost electricity. Miners proved that co-locating with baseload generation slashes costs, answers environmental criticism, and even strengthens grids through flexible demand, lessons AI operators are now racing to copy. With hyperscalers competing for the same nuclear and hydro contracts and former mining sites already converting to AI use, the window to lock in premium plant-side power is narrowing fast. For miners, utilities, and investors alike, the strategic message is clear: in the new energy economy, whoever controls cheap baseload power controls the future, and the time to secure it is now. This post Why Are Bitcoin Miners Setting Up Next to Nuclear and Hydro Plants? first appeared on BitcoinWorld .

4 Jun 2026, 06:41

Is HYPE's rally over, or can Hyperliquid climb toward $105?

HYPE has remained above $70 after reaching a record high near $75, even as analysts weigh whether the token’s rally still has room to run. According to CoinGecko data, Hyperliquid’s native token traded around $73 on Thursday after briefly touching an all-time high above $75 earlier this week. The rally has stood out against a difficult backdrop for digital assets, with Bitcoin, Ethereum and several major cryptocurrencies posting steep losses during the same period. Much of the recent strength has coincided with growing institutional access to the asset. On June 3, Grayscale launched the Hyperliquid Staking ETF under the ticker HYPG, becoming the third US spot HYPE exchange-traded fund after products from 21Shares and Bitwise. The fund carries a 0.29% sponsor fee, slightly undercutting its direct competitors. Meanwhile, according to SoSoValue data, the competing THYP and BHYP funds attracted more than $136 million in net inflows and generated nearly $600 million in trading volume within their first three weeks on the market. Recent SEC disclosures also showed that large financial firms have gained exposure to Hyperliquid-linked investment products, adding to the narrative that traditional capital is entering the ecosystem. Notably, Form 10-Q and 8-K filings reveal aggressive corporate treasury pivots from public companies like KIDZ AI and Lion Group Holding, alongside massive dedicated entities like Hyperliquid Strategies Inc, whose corporate balance sheet controls over $689 million in native HYPE. Can HYPE keep climbing after its record run? While ETF demand has attracted most of the attention, Hyperliquid’s token structure has also contributed to the rally. The protocol directs more than 97% of its revenue toward buying back HYPE from the open market. As trading activity increases, those purchases grow alongside it. At the same time, DeFiLlama data shows that Hyperliquid’s total value locked recently climbed to about $5.9 billion, which is a sign of increased network activity. In the meantime, supply conditions remain tight as 61% of HYPE’s supply is locked until 2028, limiting the number of tokens available on the market. Combined with ETF accumulation and staking participation, the reduced float has amplified the effect of new demand. Institutional interest has arrived as Hyperliquid continues expanding its footprint in derivatives trading. The platform captured a record 6.63% share of global perpetual futures volume in May, while HIP-3 builder-deployed perpetual contracts generated more than $62 billion in monthly trading activity. Hyperliquid's trading volume relative to Binance also reached a record level during the month. Technical picture still favors bulls, but caution is emerging Price action suggests the uptrend remains intact despite a modest pullback from recent highs. On shorter timeframes, the rally has yet to show clear signs of failure. The 4-hour chart shows HYPE holding above a breakout zone that formed after a bull pennant pattern resolved to the upside. HYPE/USDT 4-h price chart. Source: TradingView. Following a rapid advance from the mid-$40 range to new highs above $75, price has entered a consolidation phase rather than a sharp reversal. Support remains concentrated around the $72 to $75 area, which previously acted as resistance before the breakout. Holding that region would keep the bullish structure intact, while a sustained move below it could expose the token to a deeper pullback toward the $64 level. The daily chart continues to support the longer-term trend. HYPE remains above its 20-day, 50-day, 100-day and 200-day exponential moving averages. HYPE/USDT 1-day price chart. Source: TradingView. The 20-day EMA sits near $62, while the 50-day EMA is around $53, leaving considerable distance between price and key trend indicators. Momentum indicators show the market approaching stretched conditions after its recent run. The daily Relative Strength Index remains close to 70, a level traders often associate with strong buying momentum but also with the possibility of short-term cooling after a rapid advance. Volume trends remain supportive. On-balance volume has continued moving higher alongside price, suggesting demand has accompanied the rally rather than the move being driven solely by thin liquidity. On the 4-hour chart, price also continues to trade near its session VWAP around $73, indicating buyers have largely maintained control around recent trading levels. Technical analysts have pointed to higher targets if the breakout structure remains valid. As previously reported by Invezz, HYPE has broken above a multi-week bull pennant pattern and projected a measured-move target of roughly $105.30. For now, the technical structure does not point to a definitive end to the rally. Instead, both the 4-hour and daily charts suggest the market is digesting recent gains after a powerful breakout, with the $72 to $75 region emerging as the key area traders are watching to determine whether buyers can maintain control of the trend. The post Is HYPE's rally over, or can Hyperliquid climb toward $105? appeared first on Invezz

4 Jun 2026, 06:37

Mt. Gox Moves 116 BTC to Bitstamp as $1.8 Billion in Crypto Positions Get Wiped Out in a Single Day

Mt. Gox is moving Bitcoin again, leveraged positions are getting torched at a historic pace, and traders are watching key support levels crumble in real time. Thursday turned into one of the most brutal single-day wipeouts the market has seen since January 2026, and the structural pressure behind it is not going away anytime soon. Mt. Gox Sends 116 BTC to Bitstamp, Creditor Repayments Continue On-chain data confirmed that Mt. Gox transferred 116.3 Bitcoin to the Bitstamp exchange, the latest move in a creditor repayment process that has been running for over a decade since the exchange’s catastrophic 2014 hack. Mt. Gox is dumping $BTC ! Mt. Gox wallets have deposited 116.3 $BTC ($8.16M) into #Bitstamp . https://t.co/7NqYYfAxGT pic.twitter.com/syc71JAcpB — Lookonchain (@lookonchain) June 4, 2026 This transfer follows a much larger internal move of over 10,400 BTC that the defunct exchange executed just a few days prior. That earlier transaction had already rattled sentiment across the market, and Thursday’s deposit to Bitstamp signals the distributions are picking up pace. Mt. Gox currently holds around 34,500 BTC, worth approximately $2.4 billion at current prices, and faces a hard deadline of October 31, 2026 to complete all outstanding creditor distributions. Every transfer it makes to exchanges like Bitstamp raises the same concern among traders: creditors who have waited years for their funds are likely to sell. Why These Transfers Keep Spooking the Market The fear is rational, even if the actual impact is gradual. When Mt. Gox moves Bitcoin to an exchange, it signals that creditors are receiving or preparing to receive funds. Many of those creditors have been waiting since 2014, more than a decade, and a significant portion are expected to liquidate their holdings once they gain access. That kind of selling does not happen all at once, but the anticipation alone creates overhead resistance. Every time a new transfer surfaces on-chain, traders price in the possibility of fresh supply hitting the market. It is a dynamic that has haunted Bitcoin’s price action for years, and it continues to do so as the repayment clock ticks down toward October 2026. The broader picture, though, is that this is a planned, multi-year recovery process, not a panic sale. The transfers are structured, the timeline is known, and the total supply overhang is finite. What the market struggles with is timing, not the fundamental reality. $1.8 Billion in Leveraged Positions Liquidated in One Day Beyond Mt. Gox, Thursday brought a market-wide flush that analysts described as the largest single-day liquidation event since January 2026. Over $1.8 billion in leveraged crypto positions were wiped out as Bitcoin broke below $63,000 and Ethereum fell under $1,800. BREAKING: A total of $1.8 billion in levered crypto positions were liquidated today. This marks the largest daily crypto liquidation since January 2026. — The Kobeissi Letter (@KobeissiLetter) June 4, 2026 The scale of it matters. Liquidations at this level do not happen in a vacuum, they reflect excessive leverage that had been building quietly in the system, waiting for a trigger. When BTC sliced through $63K, it set off a cascade. Long positions started getting forcibly closed, which pushed prices lower, which triggered more liquidations, which pushed prices lower still. The loop repeated until the tape was covered in damage. Structural Selling Is Driving This Move, Not Just Leverage What makes this particular selloff harder to dismiss as noise is the combination of forces driving it simultaneously. The liquidation cascade alone would have been manageable. But it is happening at the same time as several other forms of structural selling. FG Nexus is actively dumping Ethereum into the market. Mt. Gox is depositing Bitcoin to exchanges. And a prominent whale on Hyperliquid is sitting more than $58 million underwater, creating additional uncertainty about whether that position forces further selling or triggers a broader market unwind. These are not random actors reacting emotionally to price swings. They represent large, deliberate moves, and together, they are overwhelming whatever buying pressure exists at current levels. Until that structural selling pressure exhausts itself, every bounce the market puts up risks being a dead-cat rally rather than a genuine reversal. Key Levels Traders Are Watching Right Now BTC is trading below $63,000 with no clear support printed on the chart yet. The breakdown through that level was sharp enough that technicians are not yet calling a floor, the market needs to find buyers who hold a level convincingly before anyone maps a line and calls it support. Ethereum is in a similar position. ETH is trading under $1,800, with $1,789 standing as the last meaningful technical defense. If that level breaks on volume, the next area of demand becomes difficult to define precisely, which adds to the uncertainty weighing on short-term sentiment. The phrase traders are using right now is that the flush needs to complete. Liquidation-driven selloffs typically mark capitulation zones, but only after the selling has fully washed through the system. The danger of calling a bottom too early is that the structural sellers are still active. Funding rates remain elevated, meaning more leveraged longs are still exposed. Until funding turns neutral and liquidation volume contracts meaningfully, the market remains vulnerable. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

4 Jun 2026, 06:36

Retail ETH buying near record highs! What do the latest indicators warn about?

🚨 Retail buying in $ETH is approaching record levels. 🔎 Despite the surge, core indicators suggest weak price momentum. 🧐 Whales may be offloading as retail demand grows. Continue Reading: Retail ETH buying near record highs! What do the latest indicators warn about? The post Retail ETH buying near record highs! What do the latest indicators warn about? appeared first on COINTURK NEWS .

4 Jun 2026, 06:20

USD/JPY Price Forecast: Trades Below 160.00 Intervention Threshold, Bullish Bias Remains Intact

BitcoinWorld USD/JPY Price Forecast: Trades Below 160.00 Intervention Threshold, Bullish Bias Remains Intact The USD/JPY pair is trading below the psychologically significant 160.00 level, a threshold that has historically drawn the attention of Japanese authorities. Despite this proximity to a potential intervention zone, the broader technical structure continues to favor the upside, with buyers defending key support levels. Price Action and the 160.00 Threshold The 160.00 mark has become a critical line in the sand for the Bank of Japan (BOJ) and the Ministry of Finance. In 2024, intervention occurred when the pair briefly broke above this level, prompting a sharp but temporary pullback. Currently, the pair is consolidating just below this round number, reflecting a tug-of-war between bullish momentum and the threat of official action. From a technical perspective, the pair remains above its 50-day and 200-day moving averages, confirming the uptrend. The Relative Strength Index (RSI) is in neutral territory, suggesting room for further upside before becoming overbought. Key support is seen at the 158.50 area, a level that held during recent dips. A break below that could signal a deeper correction toward 157.00, but the overall bias remains constructive as long as price stays above the 155.00 support zone. Fundamental Drivers and BOJ Risks The yen continues to face headwinds from the interest rate differential between the U.S. and Japan. While the BOJ has moved away from negative rates, its policy rate remains near zero, while the Federal Reserve maintains rates above 5%. This gap continues to encourage carry trades, where investors borrow yen to buy higher-yielding dollar assets. However, the risk of intervention is real. Japan’s top currency diplomat has repeatedly warned that speculative moves will be met with decisive action. The threat alone has created a ceiling near 160.00, but without actual intervention, the market may test it again. Traders should watch for verbal warnings escalating to concrete action, such as rate checks or actual yen buying. What This Means for Traders For active forex traders, the 158.50–160.00 range is the current battleground. A sustained break above 160.00 could trigger a rapid move toward 162.00, but only if the BOJ refrains from immediate intervention. Conversely, a rejection at 160.00 could lead to a retest of support at 158.50 or lower. The safest approach is to wait for a clear breakout or rejection before committing to a directional trade, as the intervention risk adds unpredictable volatility. Conclusion The USD/JPY pair remains in a bullish trend, but the 160.00 intervention threshold is a formidable barrier. While technicals support further upside, the threat of BOJ action introduces a unique risk that can reverse gains rapidly. Traders should monitor official statements closely and consider tighter risk management near this level. The pair’s direction in the coming weeks will likely depend on whether the BOJ follows through on its warnings or allows the market to test its resolve. FAQs Q1: What is the significance of the 160.00 level for USD/JPY? The 160.00 level is widely seen as an intervention threshold for the Bank of Japan and Ministry of Finance. When the pair approached or exceeded this level in 2024, Japanese authorities intervened by selling dollars and buying yen to support the currency. It acts as a psychological and policy-driven resistance zone. Q2: Is the bullish trend in USD/JPY likely to continue? The technical trend remains bullish as long as the pair stays above key support levels like 158.50 and 155.00. However, the upside is capped by intervention risk near 160.00. A breakout above that level could resume the uptrend, but it carries significant risk of a sharp reversal if the BOJ acts. Q3: How can traders manage intervention risk? Traders can manage intervention risk by using tighter stop-losses near the 160.00 level, reducing position sizes, and avoiding heavy exposure ahead of key BOJ or Ministry of Finance statements. Watching for sudden spikes in volatility or sharp reversals can also signal intervention in real time. This post USD/JPY Price Forecast: Trades Below 160.00 Intervention Threshold, Bullish Bias Remains Intact first appeared on BitcoinWorld .

4 Jun 2026, 06:19

Bitcoin slides to 4-mth low at $61k as Iran tensions weigh, ETF outflows continue