Blockspace: AI & Bitcoin

Subscribe to the Blockspace newsletter! Welcome back to The Blockspace Podcast! In lieu of a news roundup today, we recap Thursday’s market chaos, in which gold shed Bitcoin’s entire market cap in a single morning. We unpack Microsoft's historic 10% drop despite an earnings beat and contrast it with Meta's rally. Are we looking at a systemic liquidity shock or a one-off deleveraging event? We break down the charts, from credit spreads to the VIX, and examine the canaries in the coal mine that could point toward a rocky 2026. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Gold shed ~$1.7 trillion in one morning * Microsoft stock closed down 10%, worst daily move since 2000 * Meta stock rose 10% after earnings beat * Bitcoin pukes to $83,000 * VIX spiked 8% Timestamps: 00:00 Start 01:46 Market rips then dips, then rallies again 08:40 Bitcoin bear 11:43 Microsoft 20:31 Polymarket government shutdown odds 27:34 Why BTC go down? 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Subscribe to the Blockspace newsletter! Welcome back to The Blockspace Podcast! Today, Tom Kleckner, a veteran energy correspondent at RTO Insider, joins us to talk about how ERCOT is overhauling the Texas grid to handle the unprecedented AI boom. We dive into the massive 233GW interconnection queue, the impact of Senate Bill 6 on transmission costs, and new reliability measures like DRRS. Tom breaks down the "batch process" for large loads and whether Bitcoin miners or AI data centers are better at balancing the grid. We also touch on the future of Texas energy, from gas plants to small modular nuclear reactors. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * 70% demand jump to 145GW by 2031. * Interconnection queue reached 233GW. * SB6 shifts transmission costs to large loads. * Large loads defined as 75MW or greater. * Texas Energy Fund has $10 billion available. * 73% of queue requests from data centers. Timestamps: 00:00 Start 01:51 Interconnection queue changes 06:46 Kill switch 08:50 Batch system 11:22 What's DRRS? 13:39 Is DRRS an ancillary service? 16:13 Storage (battery) 18:22 4CP 22:00 Rate of change 24:18 Current state of changes 26:24 Timeline 27:33 Baseload & ghost loads 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published thrice weekly, "The Blockspace Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday, our news show on Friday, and our Writer's Room talk show on Saturday! Learn more about your ad choices. Visit megaphone.fm/adchoices

Tackling the technical battle to protect Bitcoin from quantum computers. We explore why quantum-resistant signatures are up to 100x larger than current ones and the impact this has on block space and fees. From lattice-based math to STARK-based compression, Charlie breaks down the leading proposals like BIP 360 and BIP 347. We also calculate the "migration" timeline—how long it would actually take to move every Bitcoin to a safe address before "Q-Day" arrives. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Quantum signatures can reach 17,000 bytes (500x!) * Optimized hash signatures are 50x larger. * Full BTC migration takes 76 to 142 days. * There are 190 million unspent BTC outputs. Timestamps: 00:00 Start 05:31 Hash based signatures 08:17 Adoption 12:17 Bitcoin uniquely exposed 14:38 Proposals 17:39 Going forward 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published thrice weekly, "The Blockspace Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday, our news show on Friday, and our Writer's Room talk show on Saturday! Learn more about your ad choices. Visit megaphone.fm/adchoices

Subscribe to all things Blockspace: Podcast, Newsletter, Events Welcome back to The Blockspace Podcast! Today, Charlie and Will to talk about a massive week in markets and compute. We break down BitGo’s $2.1 billion IPO valuation and why the New York Stock Exchange’s move toward tokenized securities and instant settlement is a game changer for TradFi. The duo also discusses Blockspace’s acquisition of Bitcoin Layers, Zebedee’s $40M Series C, and the controversial exit of the Farcaster founding team. Finally, we look at how OpenAI and Microsoft are handling grid upgrades and why Coinbase is building a "Quantum Avengers" advisory board. Timestamps: 00:00 Start 01:58 Blockspace acquires Bitcoin Layers 02:43 OPNEXT is back baby! 03:10 $2B ETF inflows 04:39 NYSE blockchain & 24/7 trading 08:27 Open AI & MSFT pinky swear not to not raise power costs 13:33 Saudi's Humain secures up to $1.2B to expand AI infrastructure 15:20 ZBD raises $40M 18:18 Coinbase announces quantum thing 19:11 BitGo prices IPO at $18 per share, set to begin NYSE trading 24:47 Cry Corner: Farcaster shuts down 👉CleanSpark, America's Bitcoin Miner!CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Blockspace Podcast! Today, Craig Tindale, macro investor and former manufacturing consultant, joins us to talk about the critical mineral shortage and multi-trillion dollar problem facing the US data center, energy, and defense sectors. We dive into his "Critical Mineral Thesis," exploring how China secured 80-90% of the world's critical mineral refining capacity. Craig explains the "midstream matrix," the looming 25,000-tonne silver deficit, and why the US is like a "turtle on its back" after decades of outsourcing. We discuss if sound money can save a system that has lost its atomic backbone. Subscribe to the Blockspace newsletter! If you’d like to read Craig Tindale’s work to learn more, you can find his seminal articles here: -⁠Critical Materials: A Strategic Analysis⁠ -⁠The Hard Bifurcation⁠ Notes: * China controls 80-90% of mineral refining. * 70% of silver production refined in China. * 25,000-tonne silver deficit in four years. * Large transformers have 4-5 year wait times. * Chinese firms borrow at 2-4% interest. Timestamps: 00:00 Start 02:37 Who is Craig? 10:15 Thesis 13:49 Silver problems 17:41 Tin 19:50 Titanium 22:42 Recession game theory 27:32 Sound money standard 33:43 Regulation outlook 40:24 Reshoring industry 45:22 Data center demand 49:39 Energy generation stagnation 54:52 Waking up to reality 1:00:52 Greenland & political games 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published thrice weekly, "The Blockspace Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday, our news show on Friday, and our Writer's Room talk show on Saturday! Learn more about your ad choices. Visit megaphone.fm/adchoices

Explaining the latest shakeup in Bitcoin development: the addition of a sixth Bitcoin Core maintainer known as "The Charlatan." We explore the history of Bitcoin’s governance—from Satoshi to Wladimir van der Laan—and why the project has moved away from a single lead maintainer. We also break down the "Bitcoin kernel" project, an initiative to separate consensus code to allow for a more diverse ecosystem of Bitcoin clients, and address the common conspiracies surrounding who really controls the network. Subscribe to the newsletter! [https://newsletter.blockspacemedia.com](https://newsletter.blockspacemedia.com) Notes: * Bitcoin is a $2 trillion network asset. * Bitcoin Core has six current maintainers. * No person officially holds lead maintainer title. * GitHub is a Microsoft-owned product. * Bitcoin on path to $100 trillion valuation. * New maintainer added first time since Feb 2023. Timestamps: 00:00 Start 03:09 What's Github? 05:29 What is a Maintainer? 09:27 Client diversity 16:24 Lead maintainer 18:28 Faketoshi 26:15 New Maintainer 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published thrice weekly, "The Blockspace Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday, our news show on Friday, and our Writer's Room talk show on Saturday! Learn more about your ad choices. Visit megaphone.fm/adchoices

Subscribe to the Blockspace newsletter! Welcome back to The Blockspace Podcast! Today, Jason Les, CEO of Riot Platforms, joins us to talk about Riot’s first HPC/AI deal with AMD. We dig into the details on the $311 million deal with AMD, Riot’s acquisition of the property for its Rockdale facility, and Riot’s strategy for repurposing bitcoin mining infrastructure for high-performance computing at a lower CAPEX than some of its peers. Jason explains how Riot is leveraging its massive power portfolio and Bitcoin treasury to fund this expansion without dilution, and what could be coming down the pipe for Riot’s 1.7 GW portfolio with regards to future AI deals. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * $311M AMD deal over 10 years for 25MW load * Rockdale land acquired for $96 million cash * Expansion options up to 200MW for total potential revenue of ~$1B * CapEx cost of $3.6M per MW for retrofits * Portfolio includes 1.7GW total power capacity * Project financing targets 75-85% loan-to-cost. Timestamps: 00:00 Start 02:22 RIOT & AMD deal announcement 04:03 Rapid timeline & costs 07:15 Financing strategy 10:21 Rockdale power rights 12:40 In addition to Rockdale 13:26 Finance ratings 15:18 New clients 17:07 Future of Bitcoin mining & RIOT 19:45 Power shell vs Neocloud 21:44 Final thoughts 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published thrice weekly, "The Blockspace Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday, our news show on Friday, and our Writer's Room talk show on Saturday! Learn more about your ad choices. Visit megaphone.fm/adchoices

Subscribe to the Blockspace newsletter! Welcome back to The Blockspace Podcast! Today, Colin and Charlie dig into Galaxy's 830 MW ERCOT approval for its Helios site, CleanSpark's latest land acquisition in Texas, BitGo's $1.96B IPO prospectus, Semler shareholders voting yes on the merger with Strive, and the first change to Bitcoin’s BIP process in 9 years. Finally, for this week’s (truly odd) cry corner: BitMine is investing $200M into YouTuber MrBeast (yes, really). Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Galaxy Helios: 830MW approved * Clean Spark: 447 acres acquired * BitGo IPO: $1.96B valuation aim * BitMine: $200M to Beast Industries * Bitcoin Price: $97,000 recorded * Hash Price: Above $40/PH/Day Timestamps: 00:00 Start 02:17 Difficulty Report by Luxor 06:42 Galaxy 830 MW approval 10:30 CLSK land acquisition 15:37 BitGo IPO 19:00 ASST - SMLR deal approved 21:32 New BIP, who dis? 25:39 Cry corner: BMNR invests in MrBeast 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published thrice weekly, "The Blockspace Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday, our news show on Friday, and our Writer's Room talk show on Saturday! Learn more about your ad choices. Visit megaphone.fm/adchoices

James Check, Co-Founder of Check on Chain, joins us to talk about the current state of Bitcoin in 2026. James breaks down why Bitcoin decoupled from the wider market in late 2025, the massive sell-side pressure from long-term holders, and why on-chain metrics point to a bear market phase. We also explore the "extraordinary" nature of ETF flows, the quantum computing debate, and why gold and Bitcoin are ultimately the same trade. Subscribe to the newsletter! [https://newsletter.blockspacemedia.com](https://newsletter.blockspacemedia.com) Notes: * ETF outflows reached ~$6.5 billion * Realized Cap is currently trending lower * Bitcoin fair value is approx $90k Timestamps: 00:00 Start 03:25 Current state of the market 07:52 ETF vs. chain analytics 10:49 ETF outflows & price drivers 14:00 Retail ETF buyers 18:56 Whale selling? 20:37 Gold 25:34 4 yr cycle is crap 32:07 Good indicators 35:57 What's exciting in Bitcoin now? 40:58 Evolving views on Bitcoin - 👉CleanSpark, America’s Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published twice weekly, “The Blockspace Pod” interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! Learn more about your ad choices. Visit megaphone.fm/adchoices

We break down the difference between bits and qubits, explain why Shor's algorithm threatens elliptic curve cryptography, and debate the fate of Satoshi's vulnerable coins. It’s a deep dive into encryption, timeline predictions, and the massive coordination challenge facing the Bitcoin network to upgrade before it's too late. Subscribe to the newsletter: https://newsletter.blockspacemedia.com Notes: * Satoshi has ~1M quantum vulnerable BTC. * 2-4 million total BTC are currently exposed. * 10-20% of supply is vulnerable to Shor's algo. * Breaking BTC needs ~4,000 logical qubits. * Google’s Willow chip has 105 physical qubits. * NIST finalized quantum standards in 2024. Timestamps: 00:00 Start 01:02 Overview 05:08 The Algorithm 10:59 Satoshi's Coins 13:09 How Long Do We Have? 15:18 Where Do We Stand? 17:22 Post Quantum Migration - 👋The Blockspace Pod is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Subscribe to the Blockspace newsletter! Welcome back to The Blockspace Podcast! Today, Colin and Charlie give a temperature check on bitcoin mining stats, highlighting stats that show non-monetary transactions currently account for nearly 50% of all Bitcoin transactions. We also dig into Hut 8’s plans for a 500 MW data center in Illinois, the latest hiring spree at Cipher Mining, Riot’s updated compensation plan as they expand into AI, and MSCI’s decision to keep Strategy (MSTR) in its indices. Finally, for this week’s cry corner, Florida’s renewed attempt at a Strategic Bitcoin Reserve. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Runes: 6.1M txs, 42% of volume last month * Hash price: $39/PH/day, fees near zero * Hut 8: 500MW, $4-5B site in Logan County, IL, pending zoning approval * Difficulty: 4 negative adjustments out of last 5 * Riot: Jason Chung in as CFO *Florida makes a second attempt at a strategic bitcoin reserve Timestamps 00:00 Start 02:37 Difficulty Report by Luxor 06:06 Hut 8 new data center 11:15 MSCI decision 13:26 Cipher adds Drew Armstrong, Lee Bratcher 18:07 Riot compensation changes, new CFO 22:33 Cry corner: Are SBRs back? 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published twice weekly, "The Blockspace Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! Learn more about your ad choices. Visit megaphone.fm/adchoices

Subscribe to the Blockspace newsletter! Welcome back to The Blockspace Pod! Today, Brady Dale, author of the Front Stage Exit newsletter and former Axios reporter, joins us to talk about the state of bitcoin/crypto media. We break down the current landscape into a number of categories, including incumbents / newcomers, tradfi giants, research desks, alt crypto media, and more. Brady and the hosts critique the decline of leading outlets, the SEO tactics of a specific tradfi publication, and why the "discovery audience" strategy didn’t pan out. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Timestamps: 00:00 Start 03:21 Who is Brady? 08:02 Colin's take 15:17 Small But Deadly 23:04 Research Desks 28:31 TradFi Giants 35:13 Shuffling the Deck 44:03 Non-journalist Challengers 49:32 The Alternative to the Alternatives 56:08 Conferences 1:03:32 Brady's X Thread 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. Published twice weekly, "The Blockspace Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie and Colin join us to talk about the existential risk of quantum computing. We break down Nick Carter's latest research, the timeline for a potential quantum break, and the 2 million Bitcoin currently at risk. We debate the ethics of "burning" Satoshi's coins to save the network, the technical challenges of forking to quantum-resistant signatures, and why the next big Bitcoin civil war might be fought over physics. Subscribe to the newsletter! [https://newsletter.blockspacemedia.com](https://newsletter.blockspacemedia.com) Notes: * 1-2 million BTC are quantum vulnerable * Satoshi holds ~$100 billion in Bitcoin * Legacy crypto banned by US Gov by 2035 * Elliptic curve break projected 2028-2033 * $500 billion sitting in vulnerable wallets Timestamps: 00:00 Start 01:16 Overview 06:26 Do we do anything? 08:48 Companies pumping quantum bags 19:18 Bitcoin as bug bounty 23:37 How to quantum proof Bitcoin? 26:14 BIP 360 35:48 Philosophy & chain splits - 👋The Blockspace Pod is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie and Colin join us to talk about the major plot beats for 2026. They cover the looming silver supply deficit, why Bitcoin hash rate might see its slowest growth years, and the supply chain breaks threatening AI data centers. Plus, they discuss the "538 moment" for prediction markets, big banks launching Bitcoin lending, and the AI content takeover. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Silver up 140% over the past year. * Gold up roughly 65% over the year. * 580M oz silver deficit from 2010-2015. * Poly Market had $21.5B volume last year. * 2025 Hash rate increased by 32%. * AI Data centers need 1.5 tons of silver. Timestamps: 00:00 Start 02:44 Silver & Gold 09:53 Prediction Markets 17:45 Bitcoin Hashprice Falls 22:55 AI Bubble 27:01 Bitcoin Lending 33:01 AI Slop Learn more about your ad choices. Visit megaphone.fm/adchoices

Blockspace Boys — Charlie, Colin, and Will — join us to count down the most impactful and wildest stories of the year. They dive deep into the ICE raid on a Texas Bitcoin mine, the end of Operation Chokepoint 2.0, and the industry-wide pivot to AI and HPC. We also discuss Trump’s tariffs causing miner panic, the "Treasury Narrative" bust, and the legendary $8 billion whale sale. Plus, don't miss the saga of the Bitcoin Puppet race car. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * ICE raided Texas mine; seized guns/workers * Operation Chokepoint 2.0 Conspiracy * Miners paying $2-3.5M for chartered jets * OG Whale sold $8B Bitcoin via Galaxy Timestamps: 00:00 Start 02:11 Ice Raids Bitcoin Facility 10:21 Mining co-loction deals 16:13 Operation Chokepoint 2.0 25:05 ASIC imports 33:48 The Rush to Avoid Tariffs 39:22 80k Bitcoin on the Move 46:22 Bitcoin Treasury Narrative - 👋The Blockspace Pod is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan Gentry, CEO of Bitcoin Infrastructure Acquisition Corp (BIXI), joins us to talk about taking a Bitcoin company public via SPAC. We dive into his journey from aerospace engineering to Lightning Labs, and why so many engineers flock to Bitcoin. Ryan breaks down the current state of Bitcoin infrastructure, the massive opportunity in Bitcoin lending, and how Lightning Network integrates with new side systems. We also discuss why the "burden of proof" has shifted to the no-coiners in traditional finance. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * IPO oversubscribed, upsized to $220 million * BTC Lending very attractive * Square used by 28% of US merchants Timestamps: 00:00 Start 01:31 Ryan intro 07:12 Aerospace Bitcoin Mafia 09:29 What is Bitcoin Acquisition Infrastructure Corp? 13:06 Target company count? 14:10 SPAC vs Index investing 17:28 Areas of industry focus? 21:25 Bitcoin's evolution as asset 26:33 L2s & Lightning 29:13 Side Systems 33:41 AI agents & payments 36:04 Investor technical understanding 👋The Blockspace Pod is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we break down the controversial "CAT" proposal by Claire Ostrom. This idea suggests snapshotting and burning UTXOs associated with Ordinals and Stamps to curb spam. We analyze the technical flaws, the failed game theory, and why seizing user coins—even "dirty" ones—sets a dangerous precedent for Bitcoin censorship and on-chain confiscation. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * CAT burns UTXOs under a specific threshold * 100 million inscriptions are likely junk * Proposal is a soft fork consensus change Timestamps: 00:00 Start 06:16 BIP text 08:20 Burning Bitcoin UTXOs 11:55 non-monetary UTXO? WTF? 13:10 BIP process 16:43 Coinjoined Chris' thread 21:14 Game theory 23:08 hard price floor - 👋The Blockspace Podcast is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we unpack the "underwhelming" 2025 bull market. Was $126k really the top? We dive into the data showing Bitcoin's 4-year ROI is virtually indistinguishable from the S&P 500 and Gold. We also break down Meltem Demirors’ viral thread on why "Proof of Stake was a mistake", how TradFi revenue has officially flipped DeFi, and why the meme coin supercycle left retail investors empty-handed. Subscribe to the newsletter: https://newsletter.blockspacemedia.com Notes: * BTC 4yr ROI: 12% vs Gold 10% * TradFi Rev $9.1B vs DeFi $9B * BTC Range: $70k-$100k for 2 yrs * '21 Inflation Adj Peak: $84k * BTC Down 2.6% in 12 Months * 2025 Bitcoin Top: $126k Timestamps: 00:00 Start 02:02 Have you seen my bull run? 10:05 Meltem's Thread 16:26 Maker DAO 24:37 Proof of Mistake - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

We discuss the bombshell report from the House Committee on Financial Services that confirms the existence of **Operation Chokepoint 2.0**—a coordinated, extralegal effort by the Biden Administration to push the crypto industry out of the US banking system. Review Nic Carter's original exposes, how the "conspiracy" became formal documentation, and the shift from an existential threat to a clearer path for conducting business in the United States. We also discuss the political "reckoning" ahead for the industry's single-issue campaign spending.Subscribe to the newsletter! https://newsletter.blockspacemedia.com](https://newsletter.blockspacemedia.com)**Notes:*** House report confirms debanking conspiracy.* Extralegal effort to cut crypto banking.* Nick Carter published OCP 2.0 exposes.* Existential risk to US crypto is not near-term.* Crypto actively supported Trump's campaign.* "Single issue PAC" raised biggest money ever.Timestamps:00:00 Start01:25 Chokepoint 1.004:08 Regulation as maze07:14 FDIC letter11:06 Charlie gets de-banked13:12 Fed letter SR226-👋The Blockspace Pod is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!Enjoy the show? Check out our website and newsletter by clicking here.Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

We analyze Bitcoin's historical holiday performance from 2012-2024, revealing that Thanksgiving-to-Christmas returns are a perfect 50/50 coin toss. We break down why 2017's spectacular bull run spoiled expectations, how the COVID-era 2020 produced the GOAT Thanksgiving shill with 69% gains, and why dollar cost averaging is the only advice worth giving your skeptical relatives. Plus: practical strategies for orange pilling family without ruining dinner. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Bitcoin 50/50 up or down Thanksgiving to Christmas • 2020 had 69% gain, best holiday performance ever • 2017 bull run was 50% gains in one month • 1 in 7 Americans now own Bitcoin • Dollar cost averaging recommended strategy • ETFs make onboarding boomers easier now Timestamps: 00:00 Start 00:25 It's all about family 03:34 Past holiday returns 06:24 2017 & 2020 holiday markets 07:52 FTX 12:52 Akshually, the returns average 6% - 👋Blockspace Pod is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Colin and Charlie break down the brutal November 2025 Bitcoin selloff. With BTC trading at $87K, the average ETF holder is now underwater, hash prices are at all-time lows, and treasury companies like MicroStrategy and Nokia are facing serious headwinds. We discuss whether this is just typical Bitcoin volatility or something more concerning, analyze the dangers of leverage in crypto, and examine what happens when treasury companies can no longer access capital markets. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Bitcoin trading at $86-87K (red for the year) • Average BTC ETF holder now underwater • Hash price at all-time low for miners • MicroStrategy convertible notes taking haircuts • 30% drawdown within historic BTC range • Treasury companies face capital access issues Timestamps: 00:00 Start 00:34 Number Go Down WTF! 04:15 Bitcoin is volatile, strap in! 09:02 But why go down? 16:50 NAKA 20:20 Treasury company bubble 21:50 Metaplanet 25:09 Leverage will break you 28:32 Hashprice - 👋Blockspace Podcast is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Allen Farrington and Harris Irfa explain their seminal paper "Bitcoin, Fiat and Islamic Finance." They dive into why Islamic banking is an oxymoron, how riba (interest/usury) connects to fractional reserve banking, and why Bitcoin naturally produces Islamic-compliant financial systems. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **NOTES:** - Global South spends half GDP on debt interest - Islamic finance industry worth $3+ trillion - Dinar used for 1000+ years in Islamic world - Fractional reserve creates money via lending - Sukuk are asset-backed Islamic bonds - Bitcoin enables prophetic economics principles 00:00 Start 01:56 Allen's backstory 03:13 Harris' background 05:09 Islamic banking is an oxymoron 08:10 Islamic finance will emerge on top of Bitcoin 12:46 Basics of Islamic finance 15:20 Riba (interest) 18:08 BTC mining in Islamic nations 24:07 managers & risk sharing 27:55 Flux 33:00 Is Bitcoin halal? 38:58 Islamic finance & a Bitcoin Standrd 41:42 Research response Learn more about your ad choices. Visit megaphone.fm/adchoices

We break down Jack Dorsey's massive Bitcoin rollout across Cash App and Square—4M merchants can now accept BTC payments via Lightning and mainnet. We explore how Bitcoin rails are undercutting Visa/Amex fees, the Strike-style settlement strategy, and the controversial BIP 177 denomination debate. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • 4M Square merchants now accept Bitcoin payments • Credit card fees range from 2-6% per transaction • Cash App uses Lightning Network for settlements • BIP 177 proposes renaming Satoshis to Bitcoins • 100M Satoshis equal one Bitcoin • Jack Dorsey owns Block, Square, and Cash App - 👋The Blockspace Podcast is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex Thorn, Head of Research at Galaxy Digital, joins us to talk about why Galaxy revised their Bitcoin end-of-year target from $185K to $120K, the competitive headwinds from gold (up 57% vs Bitcoin's 12%), AI investments, and stablecoins, the October 10th leverage wipeout, Bitcoin's maturation into a lower-volatility asset, whale distribution patterns, the stalled momentum of ordinals and runes, Bitcoin Layer 2 developments, and the ongoing arbitrary data filters debate affecting projects like Citrea and Botanix. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Galaxy revised BTC target: $185K down to $120K • Gold outperformed Bitcoin: 57% vs 12% YTD • October 10th leverage wipeout major catalyst • Bitcoin Season 2 momentum has stalled out • Stablecoins creating major market competition • Layer 2s like Citrea, Botanix still early stage Timestamps: 00:00 Start 00:49 Gov shutdown? Oh no!!! 03:03 Revising EOY price prediction 07:55 Next price catalyst? 10:50 Longer term price predictions 14:01 Crashing to $100k 16:34 Stablecoins 22:38 Tether & competition 30:11 Backing 33:58 Did we lose the plot? 37:37 Enthusiasm for BTC development - 👋The Blockspace Podcast is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices