diff --git a/Cargo.lock b/Cargo.lock
index dd31673ed..129416416 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5679,7 +5679,7 @@ dependencies = [
 [[package]]
 name = "randomx"
 version = "1.2.1"
-source = "git+https://codeberg.org/darkrenaissance/RandomX#a4d6c256d1a32a1ba4dcb62d918ca0e938571979"
+source = "git+https://codeberg.org/darkrenaissance/RandomX#49e59631dbe3db2481c7b0fdf1ae228e822bf05c"
 dependencies = [
  "bindgen 0.72.1",
  "bitflags 2.10.0",
diff --git a/src/validator/pow.rs b/src/validator/pow.rs
index 59c7fc116..4aec836b1 100644
--- a/src/validator/pow.rs
+++ b/src/validator/pow.rs
@@ -436,24 +436,70 @@ fn get_mining_flags() -> RandomXFlags {
     RandomXFlags::get_recommended_flags() | RandomXFlags::FULLMEM
 }
 
+/// Auxiliary function to initialize a `RandomXDataset` using all
+/// available threads.
+fn init_dataset(
+    flags: RandomXFlags,
+    input: &HeaderHash,
+    stop_signal: &Receiver<()>,
+) -> Result<RandomXDataset> {
+    // Allocate cache and dataset
+    let cache = RandomXCache::new(flags, &input.inner()[..])?;
+    let dataset_item_count = RandomXDataset::count()?;
+    let dataset = RandomXDataset::new(flags, cache, dataset_item_count)?;
+
+    // Multithreaded dataset init using all available threads
+    let threads = thread::available_parallelism().map(|n| n.get()).unwrap_or(1);
+    debug!(target: "validator::pow::init_dataset", "[MINER] Initializing RandomX dataset using {threads} threads...");
+    let mut handles = Vec::with_capacity(threads);
+    let threads_u32 = threads as u32;
+    let per_thread = dataset_item_count / threads_u32;
+    let remainder = dataset_item_count % threads_u32;
+    for t in 0..threads_u32 {
+        // Check if stop signal is received
+        if stop_signal.is_full() {
+            debug!(target: "validator::pow::init_dataset", "[MINER] Stop signal received, threads creation loop exiting");
+            break
+        }
+
+        let dataset = dataset.clone();
+        let start_item = t * per_thread;
+        let count = per_thread + if t == threads_u32 - 1 { remainder } else { 0 };
+        handles.push(thread::spawn(move || {
+            dataset.init(start_item, count);
+        }));
+    }
+
+    // Wait for threads to finish setup
+    for handle in handles {
+        let _ = handle.join();
+    }
+
+    // Check if stop signal is received
+    if stop_signal.is_full() {
+        debug!(target: "validator::pow::init_dataset", "[MINER] Stop signal received, exiting");
+        return Err(Error::MinerTaskStopped);
+    }
+    Ok(dataset)
+}
+
 /// Auxiliary function to generate mining VMs for provided RandomX key.
 pub fn generate_mining_vms(
     input: &HeaderHash,
     threads: usize,
     stop_signal: &Receiver<()>,
 ) -> Result<Vec<Arc<RandomXVM>>> {
+    // Initialize dataset
     debug!(target: "validator::pow::generate_mining_vms", "[MINER] Initializing RandomX cache and dataset...");
     debug!(target: "validator::pow::generate_mining_vms", "[MINER] PoW input: {input}");
     let setup_start = Instant::now();
     let ds_start = Instant::now();
     let flags = get_mining_flags();
-    let cache = RandomXCache::new(flags, &input.inner()[..])?;
-    let dataset_item_count = RandomXDataset::count()?;
+    let dataset = init_dataset(flags, input, stop_signal)?;
+    debug!(target: "validator::pow::generate_mining_vms", "[MINER] Initialized RandomX cache and dataset: {:?}", ds_start.elapsed());
 
     // Single thread mining VM
     if threads == 1 {
-        let dataset = RandomXDataset::new_init(flags, cache, 0, dataset_item_count)?;
-        debug!(target: "validator::pow::generate_mining_vms", "[MINER] Initialized RandomX cache and dataset: {:?}", ds_start.elapsed());
         debug!(target: "validator::pow::generate_mining_vms", "[MINER] Initializing RandomX VM...");
         let vm_start = Instant::now();
         let vm = Arc::new(RandomXVM::new(flags, None, Some(dataset))?);
@@ -463,8 +509,7 @@ pub fn generate_mining_vms(
     }
 
     // Multi thread mining VMs
-    let dataset = RandomXDataset::new(flags, cache, dataset_item_count)?;
-    debug!(target: "validator::pow::generate_mining_vms", "[MINER] Initialized RandomX cache and dataset: {:?}", ds_start.elapsed());
+    debug!(target: "validator::pow::generate_mining_vms", "[MINER] Initializing {threads} RandomX VMs...");
     let mut vms = Vec::with_capacity(threads);
     let threads_u32 = threads as u32;
     for t in 0..threads_u32 {
@@ -474,17 +519,9 @@ pub fn generate_mining_vms(
             return Err(Error::MinerTaskStopped);
         }
 
-        debug!(target: "validator::pow::generate_mining_vms", "[MINER] Initializing RandomX dataset for thread #{t}...");
-        let ds_start = Instant::now();
-        let a = (dataset_item_count * t) / threads_u32;
-        let b = (dataset_item_count * (t + 1)) / threads_u32;
-        let dataset = dataset.subset_init(a, b - a);
-        debug!(target: "validator::pow::generate_mining_vms", "[MINER] Initialized RandomX dataset for thread #{t} in {:?}",
-            ds_start.elapsed()
-        );
         debug!(target: "validator::pow::generate_mining_vms", "[MINER] Initializing RandomX VM #{t}...");
         let vm_start = Instant::now();
-        vms.push(Arc::new(RandomXVM::new(flags, None, Some(dataset))?));
+        vms.push(Arc::new(RandomXVM::new(flags, None, Some(dataset.clone()))?));
         debug!(target: "validator::pow::generate_mining_vms", "[MINER] Initialized RandomX VM #{t} in {:?}", vm_start.elapsed());
     }
     debug!(target: "validator::pow::generate_mining_vms", "[MINER] Setup time: {:?}", setup_start.elapsed());