Everyone who has children, or even nieces and nephews, understands that you have to warn a child before punishing him or her. If not, you teach the child a rash of bad lessons, like these: • Punishment can rain down upon you at any time, with no warning.…

NY Gov. Hochul signed a one-year moratorium on new AI data centers over 50 MW. The grid admission embedded in that order matters for Bitcoin miners.

A $150 Bitaxe Gamma validated Bitcoin block #957,382 after 8 hours of runtime, earning ~$200K. Solo wins up 41% YoY. The permissionless floor is holding.

France cut 6.4 GW of nuclear output, 14% of Monday morning load, as rivers ran too hot to cool reactors. Spot prices hit multi-year highs. Miners take note.

June CPI fell 0.4% as energy dropped 5.7%. Renewed oil pressure could reverse the relief before the Fed can declare victory.

Witt exits July 18 for Army JAG training. Jung inherits the 60-vote push. Polymarket odds dropped to 24% intraday. The August recess window is closing fast.

Benchmark doubled its Hut 8 price target to $165 on $16.8B in AI leases. The real story: 15-year take-or-pay contracts are locking megawatts away from Bitcoin's security budget.

(This piece was originally published in 2017.)  In 1977 I began taking road trips up and down Interstate 80. I had taken a few road trips prior, but 1977 was the first time I drove cross-country as an adult and for work… the first time I was looking on the…

CleanSpark's $6.6B Georgia lease projects ~$330M avg. annual NOI at near-100% margin. Bitcoin mining built the stack. AI is paying for it.

Florida's PSC advanced Duke Energy's AI data center rate petition 4-1, but regulators signaled deep skepticism ahead of a decisive late-August hearing.

Taiwanese legislator Dr. Ko Ju-Chun: 80% chance of a Bitcoin reserve within five years, near-certainty within ten. Two of five steps already complete.

Japan's FIEA amendment passed July 15: 20% flat tax and ETF framework targeted, but neither lands until 2027-2028. The compliance trap is already built.

First-ever US combat deployment of sea drones. Three Corsair USVs hit Bandar Abbas. Brent +9.59%. Naval blockade back on. The Hormuz chokepoint just got a lot tighter.

Nebius offers infrastructure partners an AI cloud playbook while New York freezes large data centers instead of building more power.

Lyn Alden, Jeff Booth, and partners raised $40M for Orange Juice, a permanent-capital company that funds a Bitcoin treasury through operating cash flows, not capital raises.

SEC approved NYSE Arca's IBIT options limit increase from 250k to 1M contracts, effective immediately. Second 4x expansion in under 12 months.

Thinking Machines Lab released Inkling, a 975B open-weights model, on July 15. Apache 2.0, free to fine-tune. The person who built the closed system is now building the exit ramp.

A few people remember President Dwight Eisenhower’s Farewell Address, where he warned Americans about the rise of a military-industrial complex… a warning that was stunningly accurate and almost fully ignored.

The cohort that bought BTC between $62K and $107K is running out of sellers. Glassnode's Cryptovizart says the rollover is one of the clearest early signals the heaviest distribution is behind us.

BTC AB's BTC PREF lists July 20 on Spotlight Stock Market with a 10% annual dividend backed by Bitcoin. Rights issue closed at 52.3%, the real verdict comes at open.