HashrateUp - A Bitcoin Mining Podcast

060 Bitcoin Mining Is Entering a Brutal New Phase w/ Jaran Mellerud

Published: December 15, 2025

Duration: 41:09

In this episode of HashrateUp, Jesse sits down with Jaran Mellerud from Hashlabs, to break down what actually determines mining profitability in 2025: hashprice pressure, realistic ROI modeling, heat reuse constraints, demand response tradeoffs, ASIC pricing (USD vs BTC), and why “tax tricks” don’t replace a real edge.Jaran also explains why Finland is one of the best risk-adjusted places to mine if you can sell heat into district heating networks — and why the industry is converging toward two survival models: deep energy integration in the West vs. structurally advantaged large-scale miners in emerging markets.Guest: Jaran Mellerud (Hashlabs)🌐 Hashlabs: h...