The Mining Pod | Blockspace Media

BITCOIN SEASON 2: Inside Bitcoin’s Darknet Markets Sub-title (150 characters or so) We’re exploring darknet markets, from their history with the Silk Road to how they function today. Bitcoin vs. Monero usage, exit scams, and why these markets look like they're stuck in 2004 despite handling billions in transactions. Body (300 characters or so) You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com Colin and Charlie dive into the seedy underbelly of cryptocurrency—darknet markets. From the early days of the Farmers Market to the infamous Silk Road and beyond, they explore how these marketplaces function, why they initially struggled without Bitcoin, and the recent shift from Monero back to Bitcoin following exchange delistings. With $2 billion in annual volume yet surprisingly flat growth, they examine the robust review systems, exit scams, and why these sites stubbornly maintain their 2004-era aesthetics. Disclaimer: This episode discusses drugs and illegal activities for informational purposes only. Follow our guests: @cbspears @asilayhodling @btcszn2 Notes: - Darknet markets processed ~$2-3.5B annually - Farmers Market (2006) had only 3,000 users - Silk Road processed $182M from 100,000 users - Market volume remained flat despite crypto growth - Monero losing popularity after exchange delistings - Kraken darknet market: ~$800M volume in 2024 Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Timestamps: 00:00 Start 01:50 Chainalysis Darknet Market Report 05:15 Farmer's Market 14:27 After Silk Road 16:11 Arch 16:42 Rise of Monero 23:38 Quality control 29:24 Exit scams - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋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

Welcome to The Mining Pod's news roundup! Colin Harper and Matt Kimmel are joined by special guest Ethan Vera, the COO of Luxor, to discuss one of the most electric weeks for bitcoin mining news this year. They break down Hut8's new Trump-affiliated subsidiary American Bitcoin, Galaxy Digital's 15-year, $4.5 billion hosting agreement with CoreWeave, and how the Trump administration's blanket tariffs are bad news for miners and could lead to a 20-30% rise in ASIC miner prices. Plus, they cover Cango’s proposal to sell its auto-finance business to a Bitmain-linked entity for $352 million, and for this week’s cry corner, why Jack Dorsey thinks Lightning just isn’t cutting it. # Notes: - Hash price at pre-election lows of $40/PH/s/day - Hut 8’sTrump-backed American Bitcoin - Galaxy-CoreWeave deal worth $4.5B over 15 years - New tariffs that will impact miners: 36% Thailand, 32% Indonesia, 24% Malaysia -Cango proposes to sell its autofi business for $352 million - Jack Dorsey: "We can do better than Lightning" Timestamps: 00:00 Start 01:50 Difficulty Report 04:58 Trumps enter BTC mining 11:14 Galaxy CoreWeave deal 16:14 Tariffs are taxes 25:14 Cango Exits Auto Business 30:40 Cry Corner-LN a failure? 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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 Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 10,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome back to The Mining Pod! Today, Sam Callahan joins us to discuss his viral research on institutional Bitcoin ETF holders. Sam manually analyzed 1,573 public filings to uncover who's buying Bitcoin ETFs – and how much they are buying. Callahan explains how each fund’s approach differs, how sovereign wealth funds are quietly accumulating, and why these inflows prove that bitcoin has crossed the rubicon into new financial territory. Plus, why pension funds, endowments, and financial advisors are the critical gateway for mainstream bitcoin adoption. # Notes: - Median Bitcoin ETF allocation is just 0.13% - 1,573 institutions with Bitcoin ETF exposure - Abu Dhabi Wealth Fund has $473M Bitcoin position - BlackRock recommends 1-2% Bitcoin allocation - Only 19% of 13F filings had Bitcoin exposure - Top fund positions range from 5-16% allocation Timestamps: 00:00 Start 01:25 Data collection 06:14 Surprises 09:17 Other commodity holdings 11:30 Riding the ETF wave? 24:24 Interesting BTC holders 29:20 Other potential holders 43:15 Tracking going forward 46:22 Mining stock still considered leveraged BTC? 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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 Mining 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 dive into GameStop's surprising announcement to raise $1.3 billion in convertible notes, potentially to buy Bitcoin. The hosts explore how this connects to the 2021 meme stock saga that gave GameStop its massive cash position, Ryan Cohen's relationship with Michael Saylor, and whether this Bitcoin strategy is a life raft for a retail gaming business in decline. With GameStop's revenue dropping from $8.5B to $3.8B over eight years, is this a smart pivot or just vibe investing? Notes: - GameStop announces $1.3B convertible note offering - Revenue declined from $8.5B to $3.8B in 8 years - Company has $4.76B cash on balance sheet - Cash position largely from 2021 meme stock frenzy - Zero debt after paying off all loans - Saylor posted photo with Ryan Cohen: "Team Bitcoin" Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Timestamps: 00:00 Start 00:28 GameStop enters the chat 02:05 GME be buying 07:58 Roaring Kitty Redux 10:43 Financials 13:25 Arch 13:56 Business evolution 20:14 Volatility trade 25:28 Not a crazy pivot 30:22 BTC makes an honest market or not... - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋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

Welcome back to The Mining Pod! This week, we dive into Bitcoin's difficulty adjustments with hash rate approaching 850 EH/s while miners face compressed hash prices at $48.63. We analyze CoreWeave's IPO reduction from $4B to $1.5B amid market skepticism. Plus, breaking news on Crusoe's mining operations exit to NYDIG, Riot's $185M offer for Rhodium's Rockdale assets, and the hilarious irony of anti-ordinals Ocean Mining processing Taproot Wizards transactions. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Difficulty adjustment estimated at 5.6% - Hash prices at $48.63 per hash per day - Network hash rate approaching 850 EH/s - Core Weave IPO reduced to $1.5B from $4B - Riot offering $185M for Rhodium assets - Crusoe selling all mining operations to NYDIG Timestamps: 00:00 Start 02:16 Hashrate Forecast 04:56 What’s up with CoreWeave? 06:31 Kramer video 17:38 Crusoe Sells Assets to NYDIG 21:52 Riot and Rockdale 25:37 Cry Corner: CATS, Wizards vs Ocean Learn more about your ad choices. Visit megaphone.fm/adchoices

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome back to The Mining Pod! Today, Sanjay Gupta, CSO of Auradine, joins us to discuss the Teraflux A3880, a hydro-cooled, U2 server rack form factor Bitcoin miner. Clocking in at 600 TH/s and 14.5-16.5 J/TH efficiency, the A3880 applies a tried-and-tested server design from traditional datacenters to the world of bitcoin mining. Gupta explains why Auradine decided to design the model after input from its clients and the advantages of a server rack form factor over traditional shoebox miners, and how this design overlaps with AI and HPC computing infrastructure. Plus, he discusses some of the challenges and triumphs of ramping up Auradine’s ASIC manufacturing capacity to 1,000 units per week. Notes: - Terra Flux A3880: 600 TH/s at 14.5-16.5 J/TH - U2 server rack form factor for density & cooling - Current production capacity: thousands of units/week - $250M in bookings, $500M+ in pipeline - US-designed, diverse manufacturing locations - Auto-tuning tech for load balancing with AI/HPC 00:00 Start 03:35 New ASIC miner model 05:37 Why hydro not immersion? 08:40 U2 vs shoebox form factor 12:32 Production capacity 15:43 Production of hydro vs other 18:20 Tariffs & on-shoring 23:16 De-risking tariff & sanctions 26:25 Pre-order numbers 28:16 Public vs private buyers 30:53 HPC influencing from factor? 35:45 Tandem workloads 36:42 Hydro cooling design 40:21 Testing process 43:12 Future plans 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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. "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump makes a pivot from Bitcoin to stablecoins in his latest policy statements. Reality check: stablecoins now account for over 50% of all crypto settlement volume, with Tether becoming the 7th largest holder of US Treasuries globally. We break down how stablecoins are being used in emerging markets, why Tron dominates the stablecoin landscape despite centralization concerns, and what this means for Bitcoin's relationship with the traditional financial system. Notes: - Tether is 7th largest buyer of US treasuries globally - Stablecoins now 50% of all crypto settlement volume - Tether holds $113 billion in treasuries - Tron handles ~40% of stablecoin transactions - Tether earns ~$4 billion yearly on Treasury yields - Trump now promoting stablecoins for dollar dominance Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Timestamps: 00:00 Start 00:34 Trump video 03:09 Reaction 06:53 Tether buying treasuries 11:08 Other stablecoins 17:35 Arch Network 18:05 The Tether Eye of Sauron 20:10 Who's using stablecoins 22:18 Where are stablecoins traded? 26:31 Volume of all crypto transactions compared 32:33 A realistic view - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋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

Dek/excerpt: Slightly over 30 minutes, but we hit all the mining stories you care about this week! Body: You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome to another packed episode of The Mining Pod! Hosts discuss the current hash price bear market, with difficulty adjustments continuing to increase despite declining profitability. They explore CBP's ongoing seizure of Bitcoin miners at the border, possibly costing companies millions in holding penalties. Plus, discussions on the TVA and DOE's push for nuclear energy, Bit Farms finalizing its acquisition of Stronghold Digital Mining, the SEC's clarification on proof-of-work mining activities, and OBM and Toya Energy's patent victory against Lancium. Finally, the team examines the sharp decline in mining community engagement. Notes: - Hash price at $47.50/PH/s/day - 8 of 10 recent difficulty adjustments increased - BitFarms now has 60% of megawatts in US - Mining stocks down ~50% year to date - Mining community engagement down ~80% 00:00 Start 02:27 Difficulty Report by Luxor 06:55 Update on US border troubles 11:02 SEC: No news is good news 11:04 Baseload energy & flexible loads 19:26 SEC: No news is good news 21:35 Stronghold, Bitfarms confirm merger 25:55 Foreman, Cholla Energy vs Lancium 31:29 Cry corner: Mining Mafia drama 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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 Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 10,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome to The Mining Pod! Charlie Brady, VP of Investor Relations at BitFuFu joins us to dive into their Bitcoin mining operations. We explore their strategic expansion in Ethiopia with electricity costs under $0.04/kWh, their new 51MW Oklahoma facility targeting $0.03/kWh, and their cloud mining business that's grown to over 600,000 users. Charlie shares insights on their asset acquisition strategy, relationship with Bitmain, and plans to reach 1GW of secured power capacity by 2026. Notes: BitFuFu currently has 20.6 EH/s and 480MW hosting capacity Ethiopia electricity costs below $0.04/kWh Oklahoma site targets $0.03/kWh power costs Cloud mining business grew to 602K+ users Cloud mining = ~60% of company revenue 00:00 Start 02:09 Charlie's bio 02:31 Why work for BitFuFu? 04:00 Ethiopia 05:35 Ethiopia expansion 07:12 Ethiopia political stability 09:26 Oklahoma 11:58 Pathway to gigawatt? 12:59 AI & HPC 15:39 Bitmain influencing any AI decisions? 18:39 Cloud contract numbers 20:28 Who are the cloud customers? 26:18 Bear market for mining stocks 29:44 Hosting 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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 Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome to The Mining Pod! Matt Kimmell and Will cover the week's biggest stories in Bitcoin mining. We analyze the challenging hashprice environment for miners (hitting all-time lows at $42/hash), discuss the EPA's major deregulation announcement and its potential impact on energy markets, break down Canaan's $200M funding for US expansion, examine CoreWeave's massive $11.9B OpenAI deal ahead of its IPO, and dive into the drama between NYDIG and Mawson over allegedly stolen Bitcoin miners worth $30M. Notes: Hash price at all-time low of $42 per hash per @luxor EPA launching 31 deregulatory actions for energy Canaan secured $200M for US mining expansion CoreWeave signed $11.9B OpenAI contract Nydig claims Mawson stole $30M worth of miners Timestamps: 00:00 Start 07:21 EPA to slash regulation 14:03 Canaan $200M in financing 20:41 CoreWeave & OpenAI sign deal 28:50 Cry corner: Stone Ridge & Mawson $30M Theft 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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. 👉 Nicehash, Hashrate, Bitcoin payments and mining! NiceHash is the world leading hashrate marketplace providing a full suite of tools and software for miners to optimize their operations. Based in Switzerland, NiceHash is a fully regulated crypto mining platform. Published twice weekly, "The Mining 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

Welcome back to The Mining Pod! Today, Daniel Leslie, CTO of Coin Safe Limited, joins us to discuss Bitcoin mining in Australia. Despite Australia's massive size, its mining footprint remains tiny at around 100MW total capacity. Daniel explains how Australia's renewable-heavy grid (35-39%) creates price volatility and operational challenges similar to Texas. He shares insights on how miners could become crucial grid-balancing assets by consuming excess renewable energy and acting as "buyers of last resort." With abundant resources and a secure business environment, Australia could follow Texas's path to becoming a mining powerhouse. Timestamps: 00:00 Start 02:30 Australian Bitcoin mining market 04:47 Homegrown mining or foreign investment? 06:30 Energy mix 13:41 have renewables hindered mining growth? 19:45 Using coal as flex generation 24:41 Gov incentives for grid connection 27:29 New interest in BTC mining 34:16 Grid connection approval times 41:10 Huddles to adoption Notes: • Australia has ~100MW of Bitcoin mining capacity • 79% of installed renewable capacity gets curtailed • Miners operate at grid edge due to price volatility • Nuclear plants proposed for each Australian state • Energy operators now open to Bitcoin mining JVs • Grid regulates coal down when renewables produce You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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. 👉 Nicehash, Hashrate, Bitcoin payments and mining! NiceHash is the world leading hashrate marketplace providing a full suite of tools and software for miners to optimize their operations. Based in Switzerland, NiceHash is a fully regulated crypto mining platform. Published twice weekly, "The Mining 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 Matt fill in for Colin and Will on this week's Mining Pod. They discuss Core We've's public listing plans and its 12-year, $10.2B contract with Core Scientific, making it the AI darling of American markets. They debunk rumors about Microsoft canceling CoreWeave contracts, cover US customs releasing seized Bitcoin miners after months of delays, and analyze Cathedra's $21M sale of a 60MW North Dakota mining site. The episode wraps with insights on market volatility driven by Trump's tariff policies and how Scott Bessent's Bitcoin knowledge influences economic decisions. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Difficulty adjustment expected at +1.16% • Hash price bottomed at $45/PH/s/day in February • CoreWeave 2024 revenue: $1.92B (77% from 2 clients) • Cathedra sold 60MW site for $350K per megawatt • Mining equipment being released by US customs • Market volatility from Trump's tariff policies Timestamps: 00:00 Start 01:55 Difficulty update 05:12 Coreweave IPO? 09:39 Coreweave MSFT FUD 14:54 Customs mining rig seizures 24:09 Cry Corner: Tariff Tug of War Published twice weekly, "The Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome back to The Mining Pod! Today, Haley Thomson, director of energy trading at Luxor Technologies, joins us to dive deep into ERCOT's unique energy market and how Texas plans to manage the incoming wave of AI and HPC data center demand. We explore battery storage solutions, creative power generation approaches, and why Texas has become the epicenter of both crypto mining and AI computing infrastructure. Notes: • ERCOT expects 150GW peak demand by 2030 • ERCOT current peak load is 84GW (2024) • 6GW of data center demand expected next year • 24GW solar deployment planned 2024-2025 • 13GW storage deployment planned 2024-2025 • $40B worth of nat gas plants proposed Timestamps: 00:00 Start 02:02 ERCOT's surging power demand 05:37 2023 power price spikes 10:42 ERCOT energy storage plans 17:58 Does storage help AI data center demand? 24:02 Baseload buildout trailing demand 30:01 PGM vs energy only 36:33 Creative energy work arounds 39:16 Does off grid power scale? 40:19 Types of AI power demand 45:35 Hyperscalers buying mining sites 48:40 Wrap up 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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 Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome back to The Mining Pod! For today’s Bitcoin Stock Show, MARA’s Chief Strategy Officer Adam Swick joins to discuss the forward-looking plans CEO Fred Thiel mentioned in MARA’s 2024 earnings call. Specifically, Swick unpacks claims that MARA wants to offshore 50% of its operations by 2028 by entering into similar joint-ventures as its Zero Two partnership in the UAE. Swick also speaks to the company’s goal to own more energy-generating assets in the United States and how it would finance such purchases. Finally, why MARA is so hot on the new ASIC manufacturer, Auradine, and whether or not we should expect MARA to enter the inference field for AI compute. You can listen to MARA's 2024 earnings call here. • Mara went from 0% to 70% owned mining assets • Q4 revenue: $214.4M with lower operating costs • Target: 50% of operations outside US by 2028 • Wind farm acquisition extends life of older miners • Auradine partnership delivering quality ASIC miners • Focus on AI inference rather than training models Timestamps: 00:00 Start 03:53 MARA lowering OpEx 06:24 Trend toward owned assets 09:01 Zero cost mining 14:17 Debt financing BTC purchases 19:27 Considering power production 22:01 Foreign mining sites 27:08 Has Africa been sufficiently de-risked? 30:25 Free-er energy markets vs controlled 33:57 Auradine 40:40 AI & HPC 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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 Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome back to The Mining Pod! Today, hosts Colin and Will dive into the ongoing saga of US Customs and Border Protection seizing Bitcoin mining hardware at various ports of entry. Initially targeting Antminer units in late 2024, the seizures expanded to include equipment from Whatsminer and Canaan, costing some companies millions in detained assets. The hosts explore how industry lobbying - particularly through Senator Lummis and connections to the Trump administration - has begun to resolve the situation, along with theories about why these unprecedented seizures occurred in the first place. Could this push more manufacturing onshore? Timestamps: 00:00 Start 02:17 History of seizure trend 09:08 Lobbying the government for release 17:42 Follow on effects 20:13 Bitmain plans 24:20 Conspiracy corner: Evil or Entropy Notes: - $5 million worth of hardware seized from one company - Seizures expanded beyond Antminer to Whatsminer/Canaan - Detentions began Sep 2024, escalated to seizures Feb 2025 - Shipments being released after industry lobbying - Sen. Lummis and White House helped resolve situation - CBP cited unauthorized communications equipment laws 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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. 👉 Nicehash, Hashrate, Bitcoin payments and mining! NiceHash is the world leading hashrate marketplace providing a full suite of tools and software for miners to optimize their operations. Based in Switzerland, NiceHash is a fully regulated crypto mining platform. Published twice weekly, "The Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome back to The Mining Pod! For this week’s news round, the boys are back, and they came with receipts on the billions of dollars institutions have invested in public bitcoin miners. Plus, BitFuFu is expanding its presence in the United States with a $20.4 million deal for an Oklahoma bitcoin mine, and Core Scientific could be altering its AI/HPC strategy with an acquisition of its own. The Texas Blockchain Council also has a report for us on just how many jobs bitcoin mining has created in the U.S.A. And for this week’s cry corner, why Argentina's President Javier Milei is staring down the barrel of impeachment after his involvement with a memecoin rugpull. Notes: Hash price at $55/TH/day Expected -2.47% difficulty adjustment BlackRock, Vanguard own ~$4B worth of bitcoin miners BitFuFu is buying a 51 MW OK mine for $20.4M Texas mining: $4.23B economic impact Core Scientific: $400M Alabama investment Timestamps: 00:00 Start 01:30 Difficulty report 05:18 Institutions own 40% of mining stocks 11:34 BitFuFu 19:55 Bitcoin Mining Adds 31k Jobs to US 26:10 Core buying an AI data center? 32:46 Cry Corner: Got them LIBRA blues 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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 Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome back to The Mining Pod! Today, Harry Sudock, SVP of CleanSpark, joins us to dive deep into the company's pure-play Bitcoin mining strategy. Harry breaks down their four-pillar approach: energy efficiency, Bitcoin focus, operational excellence, and capital stewardship. We explore Clean Spark's portfolio strategy versus mega-sites, market valuations, and the evolving landscape of Bitcoin mining stocks. Plus, Harry shares insights on institutional investment trends and the future of mining operations. Notes: Mining cost $36,250 vs $80-90k market price per BTC Operating 31 facilities with 39 EH/s total capacity Holds 10,000+ self-mined BTC on balance sheet Growth target from 39 to 50 EH/s underway Timestamps: 00:00 Start 03:15 Reflecting on the industry 10:29 Company valuation 17:41 Portfolio vs hyperscale model 21:09 Press release pumping 24:44 Industry analysts 32:59 Mining in the USA 36:54 Miner ETFs 41:43 Courting Wall Street 44:29 Premium in stack value 46:51 2025 & beyond 49:38 Transition to dividend model 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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. 👉 Nicehash, Hashrate, Bitcoin payments and mining! NiceHash is the world leading hashrate marketplace providing a full suite of tools and software for miners to optimize their operations. Based in Switzerland, NiceHash is a fully regulated crypto mining platform. Published twice weekly, "The Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Want to mine Bitcoin? Check out the Blockspace Media store today! Welcome back to The Mining Pod! Today, Erik and Phillip from Gridless join us to discuss Bitcoin mining in East Africa. From dealing with wildlife to building custom mining software, they share how they're monetizing stranded energy assets and electrifying rural regions for the first time ever. Learn about their revenue-sharing model, remote management systems, and how Bitcoin mining is transforming energy development across Africa. Notes: • East African Mining Expansion • Stranded Energy Monetization • Remote Site Management • Bitcoin Treasury Strategy • Rural Electrification • Africa Risk Management Timeline 00:00 Start 03:15 Bio 05:59 New Biomass Site 07:44 Remote management 11:00 we don't pay for power 14:40 Challenges in the field 17:46 Ethiopia 25:39 History of the TVA 31:41 Risks (theft, climate change) 36:27 Raising money 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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. 👉 Nicehash, Hashrate, Bitcoin payments and mining! NiceHash is the world leading hashrate marketplace providing a full suite of tools and software for miners to optimize their operations. Based in Switzerland, NiceHash is a fully regulated crypto mining platform. Published twice weekly, "The Mining 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

It’s now openly acknowledged that the crypto industry has been targeted for years by the previous administration’s Operation Chokepoint 2.0 scheme. Charlie & Colin discuss how last week’s hearing saw Senators Warren & Scott addressed the matter before the House Financial Services Committee. We explain how we got here and where we might go as an industry. Notes: • History of regulatory scrutiny • FTX Fallout • Operation Chokepoint 2.0 Hearing • Elizabeth Warren changes tune Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. Chapters: 03:23 – Operation Choke Point 2.0: Background & FTX Fallout 07:20 – Nick Carter’s Revelations & Chokepoint Analysis 09:23 – Silvergate’s Story & the 15% Deposit Cap 18:09 – House Financial Services Committee Hearing Recap 25:05 – Elizabeth Warren’s Pivot & Broader Political Implications 42:41 – Future Outlook: Could There Be a Choke Point 3.0? - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Welcome back to The Mining Pod! For this week’s news roundup, Colin and Matt talk about the big story Blockspace broke this week: the U.S. Customs and Border Protection agency is seizing Antminer ASICs at ports of entry, and it’s also started to detain MicroBT and Canaan units. Plus, the $500 billion Chinese tech giant Tencent ups its stake in newly-christened public bitcoin miner Cango to 15.6%. They also touch on Bit Digital’s WhiteFiber AI rebrand, and why Riot’s newest board member signals that it’s getting increasingly serious about an AI pivot. The duo also welcomes Luxor Director of Energy Trading Haley Thomson to discuss what the AI boom means for Texas power prices. And for this week’s cry corner: bitcoin obituaries are dead – all hail number go up. Timestamps 00:00 Start 01:20 Difficulty report 04:33 CBP crackdown on ASICs 12:08 Tencent owns 15% of Cango 18:05 Haley Thomson, Dir of Energy Trading @ Luxor 30:52 Bit Digital rebrands AI/HPC as WhiteFiber 32:24 Riot appoints Jamie Leverton to board among AI/HPC probe 34:27 Cry Corner: Bitcoin obituaries are dead 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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 Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.com Welcome back to The Mining Pod! For today/s Bitcoin Stock Show, Bit Digital CEO Sam Tabar joins to talk about WhiteFiber, the company’s AI/ HPC business line. This week, Bit Digital rebranded its AI/HPC business to WhiteFiber in a bid to distinguish it from its bitcoin mining business. Sam discusses the motivation for the rebrand, teases plans to spin out WhiteFiber as a standalone entity, and Bit Digital’s timeline to grow its AI/HPC capacity from 4 MW to 32 MW by the end of 2025. Plus, the burning question: what does all of this mean for Bit Digital’s bitcoin mining business? Timeline 00:00 Start 02:24 What is WhiteFiber? 05:37 HPC expertise 12:14 Colocation vs GPU as service 14:50 Development timeline 16:51 Debt financing? 20:09 ETH bags getting heavy 24:58 Clients 26:15 When to spin out White Fiber 29:01 Exiting BTC mining? 32:16 Benefits of the Bit Digital model? 34:04 Canada & US sites 34:25 Stargate & Deep Seek 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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 Mining 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

You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners.: https://newsletter.blockspacemedia.com Welcome back to The Mining Pod! Today, Skot from the Bitaxe project and Econoalchemist from Pod256 join the show to talk about open-source Bitcoin mining hardware. From hitting a Bitcoin block during a mining charity event to developing standardized hash Boards, we talk about Bitcoin mining hardware. Learn about their Skot and Econoalchemsts take on the Bitmain monopoly and attempt to make Bitcoin mining accessible to everyone. Notes: • BitaxeOpen Source Project • 256 Foundation Mission • Breaking Mining Monopolies • Standardized Hash Boards • DIY Mining Innovation • Hardware Democratization Timestamps 00:00 Start 01:59 Telehash & hitting block 05:26 Intros 12:51 256 Foundation mandate? 16:02 BitAxe users 18:53 AmberOne project 22:08 Designer BitAxe culture 27:24 Mining centralization 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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 Mining 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

Welcome back to The Mining Pod! Colin, Will, and Matt are back at it this week with a packed docket of news. Bitdeer has acquired the rights for a $90 million, 101 MW natural gas power plant in Alberta in a bid to become even more vertically integrated, and Cipher cashes in on Project Stargate with a $50 million investment from Softbank. Plus, two cheers for taxation (but not actually): Russia has codified a tax code for bitcoin miners, and a Nebraska Senator introduces a bill for a $0.025 per kw excise tax on bitcoin miners. For our last news item, Trump wants to launch bitcoin ETFs, because memecoins just weren’t sophisticated enough. And for this week’s cry corner, why Ethereum is no longer deflationary and what a croissant can tell us about the future of ETH issuance (seriously). Subscribe to our newsletter! https://newsletter.blockspacemedia.com/ Timestamps 00:00 Start 02:21 Difficulty report 05:03 Bitdeer Power Plant 11:32 Softbank invests $50m in Cipher 16:18 Russian miners reporting & taxes 22:20 Nebraska rate hike 28:17 Bitcoin Plus ETF 32:20 Cry corner: uLTrA SOunD MooONeeY 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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. "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For today’s Bitcoin Stock Show, Kevin Dede, a managing director of equity research at investment bank H.C. Wainwright, joins to discuss AI/HPC hybrid bitcoin miners vs. pure-play ones – specifically, which strategy Dede is bullish on for 2025 and beyond. We touch on what the $500 billion project Stargate means for bitcoin miner AI aspirations, what he thinks of Riot and Bitfarms evaluating their sites for an AI retrofit, which miners he favors in the AI race, and more. Timestamps 00:00 Start 02:40 AI vs pure play miners 06:30 Constraints of Mining & network effects 08:55 Hashrate growthrate per year 09:50 Predicted hashrate growth 11:09 Project Stargate 15:54 Infrastructure vs computes plays 22:11 Investor perception 23:07 Riot pause 28:15 Is it too late to HPC convert? 31:18 Core Scientific 39:28 Favorite miner pivoting to AI 43:57 Does AI push miners out of USA? 49:47 Bitdeer's HPC pipeline 54:28 Tiny Texas town 56:51 Hive in Paraguay Subscribe to our newsletter! https://newsletter.blockspacemedia.com/ 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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. "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today, Andrew Burchwell from the Ohio Blockchain Council joins us to discuss Bitcoin mining in Ohio. From groundbreaking state legislation and strategic reserve bills to the challenges with utility tariffs, Andrew shares insights on building Bitcoin-friendly policy at the state level. He also dives into Ohio's energy future, the role of natural gas and nuclear power, and how Bitcoin mining fits into the state's industrial development plans. Subscribe to the newsletter! Notes: • Ohio Bitcoin Strategic Reserve Bill • Energy Policy Transformation • Utility Tariff Challenges • State-Level Bitcoin Advocacy • Trump Administration Impact • Education & University Programs Timestamps: 00:00 Start 03:37 Andrew bio 05:29 Ohio Blockchain Counsel 08:58 Mining & legislators 12:15 Miners in Ohio 14:00 North American Blockchain Assoc 16:42 Trump & Regulations 21:22 Ohio Strategic Bitcoin reserve 23:32 Current state of BTC lobbying 27:35 What topics to focus on? 29:51 BTC & anti-state sentiment 35:56 How to get involved 38:15 Electricity tariff 40:17 Pushback from utility providers 41:16 Unlikely allies 44:04 Degrowth policy 45:06 Energy policy in Ohio 👉 CleanSpark (CLSK), America’s Bitcoin Miner! Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/! 👉 Digital Shovel, All Things Crypto Mining! Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com 👉 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. "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Colin and Matt are back for this week’s news roundup. They touch on Hive’s $85 million, 200 MW acquisition of a Yguazu, Paraguay bitcoin mine from Bitfarms. Plus, Grayscale launches a bitcoin miner ETF, a home-mining device wins a $330,000 bitcoin block for charity, and why the market freaked out over DeepSeek this week. And for this week’s cry corner, why you shouldn't trust Brad Garlinghouse’s call for crypto unity. Timestamps: 00:00 Start 02:57 Difficulty report 18:28 Grayscale miner ETF 33:26 Hashrate Fundraiser Mines Block 37:28 DeepSeek 43:36 Cry corner: Ripple CEO Very Sad Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at newsletter.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And Luxor: Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’s Bitcoin Stock Show, Colin welcomes Hive Executive Chairman Frank Holmes and CEO Aydin Kilic to discuss the company’s LOI to acquire Bitfarms’ 200 MW bitcoin mine in Yguazú, Paraguay for $85 million ($56 million for the site, $19 million for the PPA, and $10 million for construction contract). Once fully energized, the acquisition and Hive’s other, 100 MW site in Paraguay should catapult the company from 6 to 25 EH/s under management. During the conversation, Holmes and Aydin discuss why they are putting so many chips on Paraguay, the timeline for the 200 MW site’s completion, why they are outfitting it with Antminer S21 Hydros, and more. Timestamps: 00:00 Start 01:52 Deal process 07:48 Capital access & foreign mining sites 17:24 Tariffs on energy 24:15 Paraguay roll out phases 28:58 Cooling 32:02 Deal hand off 33:22 PPA 34:35 Regional power make up 39:24 Other Paraguay site? 40:08 2025 predictions 43:57 Energy as sovereign asset Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at newsletter.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And Luxor: Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Erick Vera, the Latin America business development lead at Luxor, joins today to discuss the bitcoin mining industry in South America. Vera gives us a rundown of the region’s bitcoin mining hotspots – namely, Paraguay, Argentina, and Brazil – and digs into the nuances, challenges, and opportunities bitcoin miners face in each country, including Paraguay’s gobs of hydro power, Brazil’s abandoned manufacturing sites that are ready for miners, and Argentina’s oil and gas field bitcoin mines. He also touches on other South America countries he thinks are primed for bitcoin mining adoption. Timestamps: 00:00 Start 02:14 Countries active in Latin America? 03:17 Venezuela 04:59 Active MW 06:00 Brazil & Argentina 12:45 Brazil & Paraguay hyrdopower 15:18 Paraguay regulations 21:04 Import tariffs 24:59 More tariffs, more problems 30:57 Migration & business classification 34:02 Slow growth in Brazil? 37:06 Abandoned industrial sites 40:55 Argentina 46:22 Argentina off grid sites 48:16 Other promising sites 51:07 Wrap up Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at newsletter.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And Luxor: Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ross Ulbricht is free, full pardon! But how did we get here & what actually was the Silk Road? Colin & Charlie dive in on this episode of Bitcoin Season 2. - Follow our hosts on X: @cbspears, @AsILayHodling Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today, the gang covers news that Blockspace broke regarding a surprising mixed decision in Crusoe and Upstream Data’s patent dispute. Plus, Lancium gets in on the Project Stargate action with a 1.2 GW AI campus, a data recap from Hashrate Index’s 2024 Year-in-Review, and TSMC is fabbing ASIC chips for Bitdeer’s SEALMINER series in the U.S.A. And finally, for this week’s cry corner, scammers hijack Riot Platform’s X account to lure folks into the Solana memecoin casino. Timestamps: 00:00 Start 01:28 Difficulty report 05:36 Crusoe & Upstream 14:54 Lancium’s Project Stargate Deal 27:34 Hashrate Index 2024 Year-in-Review 45:36 TSMC US fabbed chips for Bitdeer 51:34 Cry corner: Riot Hack Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And Luxor Tech, Leaders In Bitcoin Mining and Compute Power! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’ Bitcoin Stock Show, Colin sits down with Cathedra Bitcoin COO and President Drew Armstrong of Kungsleden Founder Tom Masiero, whose companies merged last year. They talk about Cathedra/Kungsleden’s infrastructure plays and strategy, bitcoin mining hosting vs. pure-play mining business strategies, what we can expect from the AI/HPC plays that are so hot right now, what Trump means for the bitcoin mining industry, and more. Timestamps: 00:00 Start 02:33 Stas Per Share memo 05:41 Synota deal 11:13 Hosting market 16:35 Hosted v self mining 22:15 Lesson learned last cycle 27:39 Kungsleden Merger 33:14 Core Scientific pivot 37:47 Buying AI GPUs 42:18 Trump changes Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And Luxor Tech, Leaders In Bitcoin Mining and Compute Power! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today, Michael Carter (Bits Be Trippin) joins us to share his recent experience with city council meetings and mining facility approvals. From sound regulations to economic impact studies, Michael breaks down the challenges of establishing mining operations in municipal areas. Plus, we dive into 2025 forecasts, ASIC developments, and the evolving landscape of Bitcoin mining infrastructure. Timestamps: 00:00 Start 02:22 BBT updates 05:55 City council meeting 15:24 City zoning & mining 20:36 Anti-bitcoin sentiment? 25:48 Considering human impacts 28:34 Raising privet investment 36:19 Complexity of difficulty 41:15 New ASICs 45:58 Overheating Bitmain rigs 52:02 2025 outlook Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And Luxor Tech, Leaders In Bitcoin Mining and Compute Power! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’s Bitcoin Stock Show, we welcome back Second Gate Advisory Co-founder Brandon Bailey for a refresher on Bitdeer. Bailey first came on the show in September 2024 after penning an op-ed for Blockspace, “The bullish case for Bitdeer.” Since this analysis, Bitdeer is up 240%, and he thinks it has room to grow, largely because of the company’s burgeoning ASIC manufacturing line. We touch on the ASIC manufacturing line in depth in this episode, plus some insights into other newcomers to the ASIC manufacturing space. Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And Luxor Tech, Leaders In Bitcoin Mining and Compute Power! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’s news roundup, Colin and Will dig into Tether’s lawsuit against Swan Bitcoin, the latest development in a now two-front legal dispute over the companies’ bitcoin mining joint venture. Plus, the U.S. government is issuing trade restrictions against Sophgo, a Chinese computer chip company helmed by Bitmain CEO Micree Zhan, and F2Pool might be filtering transactions from OFAC-sanctioned Bitcoin addresses again. And finally, for this week’s cry corner, a Bitcoin mining company’s guerrilla sales tactic to get Ethereum DeFi platform AAVE to invest its treasury into bitcoin mining. Timestamps: 00:00 Start 02:30 Difficulty report 04:49 Tether sues Swan 16:14 BitFuFu Plans Oklahoma Mine 24:52 F2Pool Censoring TXs 33:37 Cry corner: AAVE to mine BTC? Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And Luxor Tech, Leaders In Bitcoin Mining and Compute Power! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today, the CEO of Hashlabs Mining, Jaran Mellerud, joins Colin to discuss Bitcoin mining in Finland, Iceland, Norway, and Sweden. Bitcoin mining on the European market is almost exclusively confined to these Nordic countries – this episode explores why. Jaran and Colin discuss power markets in these countries, why mining has gotten more expensive in Sweden and Norway, the toothless attempt to ban mining in Norway, how bitcoin miners are helping with district heating in Finland, and more. Timestamps: 00:00 Start 01:53 Jarran intro 02:31 Why is hashrate concentrated in Nordic countries? 05:42 How has mining there changed recently? 16:33 Cooling Hashlabs 20:37 Finland nuclear surplus 23:06 Finland district heating 24:53 Is Norway banning mining? 29:02 Iceland vs Norway AI data centers 31:25 Public vs private mining 33:16 Bitdeer expanding Norway 36:59 Iceland & Finland hydro & geothermal 38:57 Mining elsewhere in the EU? 41:20 Green manufacturing failing & excess power Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And Luxor Tech, Leaders In Bitcoin Mining and Compute Power! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

We're dropping a show from Bitcoin Season 2, another podcast on Blockspace! If you enjoy the show, check it out on Spotify, Apple or wherever else you listen to podcasts! For today's Writer's Room, Colin and Charlie celebrate Running Bitcoin Day by picking through the Bitcoin Talk archives for a selection of Hal Finney's most prescient takes. Finney is famous for being the first person (after Satoshi) to run Bitcoin -- a claim to fame that involves receiving the first non-mining related transaction from Bitcoin's creator -- as well as being one of the earliest contributors to Bitcoin Core. Hal was highly active in Bitcoin's salad days and a prolific poster on Bitcoin Talk, where he provided his thoughts on Bitcoin's earliest versions, pontificated over the cryptocurrency's future, and shared ideas with its earliest adopters. Many of Hal's ideas and prognostications were incredibly incisive and clairvoyant -- almost frighteningly so -- hence the title of today's show. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For today’s news roundup, Will, Colin, and Matt are joined by Luxor CEO, Nick Hansen. The gang covers news that Blockspace broke this week pertaining to a creditor lawsuit against former executives of defunct Compute North, the erstwhile bitcoin mining hosting titan that went bankrupt in 2022. Plus, Phoenix Group’s 50 MW bitcoin mine in North Dakota, a 2024 bitcoin mining market review from Nick, and Canaan’s new home mining heater series with the Nano 3S and Avalon Mini 3. And for this week’s cry corner, popular Ethereum browser wallet Metamask is adding support for…Bitcoin? Timestamps: 00:00 Start 02:19 Difficulty report 07:32 Creditors sue Compute North 16:30 Phoenix 50MW North Dakota site 27:18 Yearly overview 31:15 Canaan Nano 3 home heater 40:13 Cry corner: Metamask seeks Bitcoin product manager Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’s Bitcoin Stock Show, Digital Mining Solutions Founder Nico Smid joins us to share insights from Digital Mining Solution’s 2024 year-end report. During the conversation, Smid shares his and his co-author Cindy Feng’s findings on a range of topics, including 2024’s hashrate growth relative to prior years, bitcoin mining trends in Latin America, pending mining IPOs, predictions for 2025, and more! Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today, Denis Rusinovich, a partner at the Cryptocurrency Mining Group, speaks to Colin about the particulars of the Russia bitcoin mining ban. News broke in December that Russia would be banning bitcoin mining in 10 regions, effective January 1, 2025 through March 15, 2031. Only the ban is not an all-out ban like the first wave of reporting would have us all believe. For today’s show, Rusinovich sets the record straight and gives us a rundown of the miners who are actually affected by the ban. Timestamps: 00:00 Start 03:09 Defining the "ban" 07:42 Legalizing mining 09:07 Identifying miners for regulation 10:22 The scope of Bitcoin mining in Russia 13:16 Subsidizing residential miners 15:50 Effect on global hashrate 17:09 Kazakhstan 22:59 Russia energy crisis? 25:54 Grid balancing 30:40 Oil & gas production areas 32:04 Chechnya 33:16 What regions have the most activity? 36:22 Miners vs hosting 37:42 Taxes 38:47 Where is investment capital coming from? 42:08 Hosted miners 43:17 Future of Russia mining 45:21 Wrap up Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a crossposted podcast from Bitcoin Season 2. We've got Stephen & Matthew, engineering & product on the Bitcoin side of MagicEden, explaining how the platform combines cutting edge tech w/ intuitive product design. Follow our guests: @MakeTokensFun @summraznboi -- Follow our host on X: @cbspears Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! --- Timestamps: 00:34 Intro 02:19 Roles in Magic Eden, Joining Ordinals 05:57 Growth in Bitcoin Ecosystem & Magic Eden’s Vision 07:13 Expanding Beyond Ordinals: Runes & Ecosystem Building 10:56 Marketplace Challenges & Collaboration in Engineering 20:33 User Benefits: Shield Icon, Mempool Fix & Cart Optimization 30:06 New Trading Features & Improved User Experience 33:11 Enhancing Liquidity & Making Runes Accessible 38:18 Mobile Launch & Broader Market Adaptation 42:28 Magic Eden’s Future in Bitcoin Community & Challenges 45:56 Future Outlook on Bitcoin Economy & Innovation Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Will and Colin are back from the holiday break with the latest news, plus an update on the ASIC hosting market from our friends at Compass. At the top of the news docket, they touch on Russia’s bitcoin mining ban, particularly which miners the ban actually affects (and which ones it doesn’t). Also in the rotation, BitFuFu’s massive 80k ASIC order from Bitmain, and an update on a few of Rhodium’s outstanding litigations. And for this week’s cry corner: pour one out for all the folks who were sad/big mad that they didn’t get invited to Michael Saylor’s $100k New Year’s Eve party… Timestamps: 00:00 Start 00:00 Start 01:51 Difficulty update 06:17 OMG Russia bans Bitcoin mining!!!!! 11:59 ASIC hosting market update 23:20 BitFuFu 80k miners 30:50 More trouble at Rhodium 36:46 Cry corner: No invite to Saylor party! Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Max Guise, a team member from Block’s Proto division, joins to talk about the company’s new ASIC chip. A veteran of Block, Guise has worked on everything from the Proto mining ASIC, to Square’s point-of-sale, and its hardware wallet Bitkey. During the discussion, Guise gives us a brief history of Proto’s origins, discusses the challenges of designing (and manufacturing and marketing!) a bitcoin mining ASIC, provides a timeline for the Proto ASIC rollout, and even graces us with a demo of the chip! Timestamps: 00:00 Start 03:21 Max bio 03:56 Working at Square & CashApp 04:58 Building the point of sale product 06:20 Building hardware 09:48 Genesis of Proto 12:33 Open development 13:37 The team 14:59 What is Proto 16:59 Selling chips 19:56 Closed sourced firmware 21:38 Lifecycle examination 23:32 Market strategy 24:33 Financing 25:05 Hashrate as payment 26:16 Deployment 28:29 When new rig? 28:59 Ecosystem of products 30:13 Other components 30:58 Working with competing miners Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today, Advanced Crypto Services (ACS) Founder James Scaggs and Co-founder Will Middleton join to talk about all the pertinent operational considerations for bitcoin mining, including the biggest question of all: whether it’s better to buy or mine bitcoin. They touch on the repair side of the business, how some of these older generation ASICs are holding up, which models are the best bang for your buck, and common failure points for ASIC hardware. Timestamps: 00:00 Start 02:37 Bios 04:20 10-20 MW mining operation 06:51 DIY mentality 08:24 Revenue 11:17 ASIC resale market 15:45 Rig prices vs hashprice 23:13 Are S19s the new S9s? 27:31 Aluminum backed hash boards 30:19 Advice for beginners 39:30 Off peak hour mining 44:31 Upgrading rigs Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’s Bitcoin Stock Show, we’re joined by a great friend of the show, Pennyether. Some of y’all might recognize Penny from a couple of the earnings calls we streamed on The Bitcoin Stock Show earlier this year. He’s one of the most insightful independent bitcoin mining stock analysts in the game, and in this episode, he shares his methodology for valuing bitcoin miners, which metrics he finds the most (and least) useful, and his thoughts on the AI boom in mining. Timestamps: 00:00 Start 03:53 The mining metrics that matter 10:33 More important metrics 19:24 Valuing AI and miners together 26:55 A note on Bitfarms 28:32 What does the market actually care about? 33:10 Thoughts on convertible debt 36:55 How to hedge convertible notes 45:31 Bigger narratives in mining 48:10 The future of bitcoin mining and data centers 52:55 What metrics aren’t worthwhile? 43:02 What does 2025 look like? Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Follow this week's guest on Twitter: @penny_ether - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today, Riot’s VP of Research, Pierre Rochard, joins Will and Colin to discuss a variety of topics. The fellas start by talking about what a second Trump presidency and Republican Congress means for Bitcoin miners, especially in light of the last administration and Congress’ hostility toward all things Bitcoin. He also weighs the merits of a national Strategic Bitcoin Reserve, as well as one in Texas, and the pod closes on discussion of Riot’s $594.4 million convertible note and the miner’s expansion outside of Texas. Timestamps: 00:00 Start 03:09 Pierre's bio 15:13 Elizabeth Warren 17:03 Expecting positive regulation? 20:36 Texas mining bills 27:32 AI power demand on Texas grid 31:54 Strategic Bitcoin Reserve 33:42 National SBR? 34:45 Riot convertible note 40:24 Why not invest in infrastructure? 42:43 Why debt financing now? 45:16 Convertible debt niche 51:41 New Kentucky mining site 45:31 Bigger narratives in mining 48:10 The future of bitcoin mining and data centers 52:55 What metrics aren’t worthwhile? 43:02 What does 2025 look like? Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most "Quantum FUD" you hear is probably BS. But there are some ways Bitcoin is vulnerable to quantum computers. Hunter Beast helps us understand what these threats look like and explains a solution. Follow our guest: @cryptoquick --- Bitcoin Season 2 is brought to you by Botanix! Botanix Labs is pioneering a new direction for DeFi with the first EVM L2 running on Bitcoin that’s built to be forward secure, decentralized, and share gas fees generated by the network with users. See the future of DeFi from botanixlabs.xyz --- Follow our host on X: @cbspears Bitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! - 03:13 Hunter’s Quantum Resistance Work 05:05 Google’s Willow Chip & Its Implications 07:29 Early Quantum Computers vs. Today 09:31 Quantum Noise & Error Correction 11:30 How Quantum Computers Challenge Bitcoin 13:07 Is Quantum a Real Threat? 14:00 The Four Vulnerability Scenarios in Bitcoin 15:35 Public Key Hash Addresses: Safe or Not? 19:40 The Importance of Operational Security 23:25 Satoshi’s Coins as a Quantum Shield 28:09 Proactive Quantum-Resistant Solutions for Bitcoin 33:45 Should Bitcoin Take a Proactive or Reactive Approach to Soft Forks? 43:00 Bitcoin’s Resilience Remains Unshaken Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For today’s roundup, the Blockspace boys cover Cango, the largest public bitcoin miner that you’ve never heard of, and they dig into breaking news of oil and gas giant Halliburton investing in Bitcoin mining. Plus, an investor lawsuit against Rhodium, MARA and Hut 8’s bitcoin buys after issuing convertible notes, and in this episode’s cry corner, Bitcoin Twitter’s favorite squabble this week: the Strategic Bitcoin Reserve. Timestamps: 00:00 Start 03:24 Difficulty update 07:01 Cangoooooooo 16:25 Halliburton mining bitcoin? 24:05 Miners & debt instruments 31:17 Rhodium sued for fraud 37:04 Cry corner: Bitcoin strategic reserve Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Bitcoin Stock Show! Today, Russell Cann, the chief development officer at Core Scientific, joins Colin to discuss the public miner’s multi-billion dollar AI pivot. At the start of 2024, Core Scientific came out of its 2023 Chapter 11 bankruptcy swinging when it announced that it would be retrofitting some of its existing bitcoin mines in partnership with CoreWeave. Fast forward to the end of the year, and Core Scientific is converting up to 800 MW for CoreWeave’s GPU fleet in a deal valued at $8.7 billion over 12 years. During the show, Cann gives us a brief history of CoreWeave and how the two companies arrived at the deal; the challenges, conditions, and considerations for retrofitting bitcoin mines for AI/HPC load; what we should expect from Core Scientific going forward, especially with regard to its bitcoin mining business; and everything in between. Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our host on Twitter: @AsILayHodling, - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! On today’s show, were joined by CleanSpark CEO Zach Bradford and CFO Gary Vecchiarelli to discuss their convertible note offering. In this show, we go through the mechanics of the note (it’s complicated, trust me), the purpose for using the funds, growing to 50 EH/s and why CleanSpark chose not to buy Bitcoin with the capital on hand. Lastly we talk about the institutional space for Bitcoin investments including metrics and topics to watch out for in 2025! Timestamps: 00:00 Start 02:10 Cleanspark update 04:11 How the note works 07:53 Why not buy Bitcoin? 13:35 Why 0% interest 16:16 Why the cap call? 19:34 Choosing the right financial option 25:38 Why convertible note bull market? 30:16 Deal coordination 31:17 Bond market new to miners? 32:31 Shareholder value 36:51 ATM 38:05 Why not deploy capital immediately? 40:12 Institutional investors 41:34 Best metrics to watch 43:02 What does 2025 look like? Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! In today’s show were ripping on Hut 8’s $12 billion build out in Louisiana for a full hyperscaler facility. Yes, that’s nearly 6x the marketcap of Hut 8 currently! We also go into Crusoe’s $600M raise from Founders Fund, our scoop on DCG spinning out Foundry’s self-mining assets, Riot joining the HODL gang with Microstrategy and MARA and some final thoughts on Coinbase listing random tokens for ‘just the funsies.’ Oh, also Texas is going to do a Bitcoin Reserve! Timestamps: 00:00 Start 01:54 Difficulty update 04:29 Hut 8 plans 1,000 MW in Louisiana 10:19 Crusoe Closes $600M Raise 13:35 DCG creates new company 18:56 Riot Offering of 0.75% Convertible Senior Notes 27:52 Coinbase lists Peanut the Squirrel (PNUT) memcoin 33:20 Texas Bitcoin Reserve Published twice weekly, "The Mining 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices