BBB Impacts Bitcoin Miners, OpenAI and Oracle Plan 4.5GW Datacenter

The recent passage of the Big Beautiful Bill (BBB) has sent shockwaves through the Bitcoin mining community. One key provision of the bill allows miners to depreciate 100% of their equipment, which could lead to significant tax savings. This change is expected to have a major impact on the industry, with many miners already beginning to take advantage of the new rules.

Elsewhere in the world of cryptocurrency, OpenAI and Oracle are planning a massive datacenter that will provide 4.5 gigawatts of power. This large-scale project is likely to have a significant impact on the energy market and could potentially disrupt traditional power providers. In related news, record-breaking inflows were seen in crypto ETFs last week, with over $4.39 billion pouring into these investment vehicles.