TeraWulf CFO warns US share of global hashrate could drop to 5-10% by 2028
TeraWulf CFO Patrick Fleury warned on the company's Q2 earnings call that as US Bitcoin miners reallocate capacity toward AI hosting, the US share of global hashrate could drop from ~40% to 5-10% by 2028, potentially shifting hardware dominance to overseas operators and Chinese manufacturers like Bitmain.
Detected & updated continuously · Source: Nebula
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@throwaway9gk0k4k569
WULF/TerraWulf brought this up on their last earnings call. See this post: https://old.reddit.com/r/TerawulfStock/comments/1vgevms/wulf_cfo_interview_on_blockspace/ "US Miner Pivot: As US Bitcoin miners reallocate site capacity and power queues toward AI hosting, Fleury issued a notable warning on total Bitcoin network security. Hashrate Redistribution: He projected that US-based share of global hashrate could drop from ~40% down to 5%–10% by 2028, potentially shifting hardware dominance back to overseas operators and Chinese manufacturers like Bitmain if Western infrastructure continues prioritizing AI compute over SHA-256 hashing." This has been discussed before in other places by these "neocloud" providers.
@McnallieM
Great clip here from Patrick Fleury CFO @TeraWulfInc from our recent Q2 earnings discussion!!! 🐺🐺🐺 $WULF 👉Check out the full video here: https://t.co/v6OEm0ur5A https://t.co/a8qZaC7Iim