The Mining Metrics That Matter With Pennyether

The Mining Pod | Bitcoin Mining News

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about a year ago 56:12

MP3•Laman utama episod

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

387 episod

#Business #Trading #Tech #Pod #William Foxley #News Roundup

The Mining Metrics That Matter With Pennyether

The Mining Pod | Bitcoin Mining News

11 subscribers

published about a year ago

Kongsi

MP3•Laman utama episod

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?

👉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

387 episod

#Business #Trading #Tech #Pod #William Foxley #News Roundup

Semua episod

1
The Trumps Mine BTC Now: Inside American Bitcoin w/ Matt Prusak 28:04

5 hours ago28:04

28:04

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, Matt Prusak, CEO of American Bitcoin, joins us to discuss the strategic partnership between HUT 8 and the Trump family for its latest subsidiary, American Bitcoin. Hut 8 is reallocating nearly all of its self-mining assets (10 EH/s) to American Bitcoin and taking an 80% stake in the company. Prusak explains why Hut 8 has taken this approach to focus self-mining efforts with American Bitcoin while the parent company focuses on energy, infrastructure, and AI. Plus, he touches on American Bitcoin’s ambitious plans to reach 50 EH/s and the company’s plans to go public. # Notes: - HUT 8 allocated mining assets for 80% stake - Starting with 10 EH/s, targeting 50 EH/s - American Bitcoin will build own Bitcoin treasury - Emphasizes "America First" Bitcoin ethos - Plans to go public in the future - Targeting sub-15 joules per terahash efficiency Timestamps: 00:00 Start 01:45 Starting American Bitcoin 02:49 Business structure 03:43 What does Hut 8 gain? 04:52 AI & HPC pivot 06:19 New pools of capital? 07:32 New facilities? 08:21 Hut 8 & Bitmain deal 09:27 Roadmap 10:19 Power generation 12:00 Favoring domestic hardware? 13:28 Dividing responsibilities 14:41 Separate treasuries? 14:52 Financials & IPO 16:29 Two public companies 18:58 Fundraising 21:41 Balancesheets 22:58 Hut 8 expenses 26:36 Vibe shift 👉 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…

1
Bitcoin Mining's Black Monday 16:06

14 hours ago16:06

16:06

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! In this emergency market update, we analyze the brutal day for Bitcoin and mining stocks amid wider tariff-induced market terror. Bitcoin is below $80,000 and bitcoin mining stocks are bleeding. We examine the YTD declines for mining equities, how tariffs could impact miner CAPEX costs by 10-30%, and how the tariffs invite potential mining M&A consolidation. # Notes: - Bitcoin dipped below $80K, rebounded to high $70Ks - Mining stocks down 50%+ YTD across the board - 34% tariffs announced on Chinese goods - Hash price compressed to around $40 - Marathon has ~50,000 Bitcoin on balance sheet - Asics/infrastructure costs rising 10-30% with tariffs Timestamps: 00:00 Start 01:59 China responds to tariffs 04:00 Crypto outflows 11:14 Miners stocks bleeding out 👉 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…

1
Inside Bitcoin’s Darknet Markets 41:36

2 days ago41:36

41:36

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? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices…

1
Hut 8’s Trump-Backed American Bitcoin, Galaxy’s $4.5B CoreWeave Deal, Tariff Impact on Bitcoin Miners 34:55

4 days ago34:55

34:55

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…

1
The 1,500+ Funds That Have Bitcoin Exposure w/ Sam Callahan 55:11

7 days ago55:11

55:11

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…

1
GameStop pulls a Microstrategy 32:39

9 days ago32:39

32:39

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? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices…

1
CoreWeave's $23B IPO, Crusoe Ditches Bitcoin Mining, and Riot's Bid For Rockdale Assets 28:49

11 days ago28:49

28:49

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…

1
Auradine’s AH3880 Server Rack ASIC Miner w/ Sanjay Gupta 45:09

14 days ago45:09

45:09

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…

1
Trump Pledges Allegiance to Stablecoins 41:46

16 days ago41:46

41:46

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? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices…

1
CBP Update, SEC OKs Mining, BitFarms Merger Closes, Lancium Patent Dispute and Are We Still Bullish? 38:28

18 days ago38:28

38:28

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…

1
How BitFuFu Is Leveraging Cloud Contracts For International Growth 31:40

21 days ago31:40

31:40

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…

1
EPA Slashes Regulations, Canaan Secures $200M, CoreWeave's OpenAI Deal and NYDIG's Mawson Beef 34:38

25 days ago34:38

34:38

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…

1
Bitcoin Mining In Australia 52:14

28 days ago52:14

52:14

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…

1
CoreWeave's IPO Plans, CBP ASIC Releases, Cathedra Sells 60 MW and Trump's Tariffs 31:15

5 weeks ago31:15

31:15

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…

1
What AI Means for ERCOT and the Texas Grid w/ Haley Thomson 51:02

5 weeks ago51:02

51:02

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…

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