PANews reported on July 8 that according to Axios , Ego Death Capital has completed its second fund of $ 100 million, focusing on promoting the development of software companies based on the Bitcoin protocol. The fund mainly invests in companies with annual revenues between $ 1 million and $ 3 million that are hampered by funding constraints and focus on supporting Series A financing. It has invested in Bitcoin-related companies such as Roxom , Relai and Breez . Ego Death Capital said it is committed to investing in Bitcoin companies that truly solve real-world problems, rather than cryptocurrency tokens or hardware and mining.

Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more

