Is Bitcoin Mining Reaching Its Golden Age or Facing Its Final Battle? Insights from Fakhul Miah
The world of Bitcoin mining is rapidly evolving in 2025, with new challenges and opportunities emerging in the industry. In a recent episode of The Defiant Podcast, Fakhul Miah, Managing Director of GoMining Institutional and former Morgan Stanley executive, shared insights into the changing landscape of Bitcoin mining.
One of the key topics discussed was the rise of AI as a competitor in Bitcoin mining. AI hyperscalers are now competing for energy resources, disrupting the traditional mining landscape. Miah highlighted the flexibility of Bitcoin mining in comparison to the energy demands of AI, emphasizing that AI is a formidable competitor for miners.
Financial engineering is also playing a significant role in the evolution of Bitcoin mining. Miners are now utilizing BTC-backed loans and convertible notes to avoid liquidation and become more sophisticated operators. This shift towards financial engineering is transforming Bitcoin mining into a balance sheet business.
Geopolitics is another factor influencing the future of mining. There is a shifting dynamic between U.S. mining dominance and the rise of mining in Latin America and Africa. Miah discussed whether the U.S. can adapt to maintain its position as a leader in the industry.
Institutional adoption is also a crucial aspect of the future of Bitcoin mining. With $100 billion in Bitcoin ETFs and sovereign reserves on the horizon, the industry is poised for widespread adoption. Miah explored the implications of this institutional investment for the stability, risks, and financialization of Bitcoin.
Looking ahead, Miah discussed the role of Bitcoin as digital gold versus an everyday currency, as well as the involvement of institutions and whales in shaping Bitcoin’s future. He also shared insights into the transformation of Bitcoin mining into a global infrastructure industry by 2030.
For miners, investors, and policymakers, there are key areas to focus on moving forward. Miah emphasized the importance of staying informed and adapting to the changing landscape of Bitcoin mining. As the industry continues to evolve, it is essential to be proactive in navigating the challenges and opportunities that lie ahead.
Overall, the conversation with Fakhul Miah provided valuable insights into the future of Bitcoin mining in 2025. Whether you are a crypto enthusiast, investor, or simply curious about the intersection of technology, energy, and finance, this episode is packed with information that you won’t want to miss.
