Glencore surged in early London trading on reports of a potential $200 billion merger in the works. This kind of consolidation in the mining sector can ripple through the crypto space pretty significantly. Why? Because large-scale mergers in traditional commodities affect global energy supply chains and mining costs. For Bitcoin and other proof-of-work networks reliant on mining operations, shifts in industrial mining consolidation matter. When major players like Glencore reshape their strategies, it can influence electricity pricing, equipment availability, and operational efficiency across the board. Crypto miners track these moves closely—especially those betting on sustainable mining or competing for energy-efficient operations. Worth watching how this deal plays out and what it signals for the broader energy landscape that powers both traditional industry and blockchain networks.