With over 200 shows, The Mining Pod is the industry’s best resource for the latest news and strategies in Bitcoin mining. Trusted by over 3,000 subscribers, inc...
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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
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34:38
Bitcoin Mining In Australia
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
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31:15
What AI Means for ERCOT and the Texas Grid w/ Haley Thomson
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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
--------
51:02
MARA’s Plans to Expand Internationally, Purchase Energy Assets w/ Adam Swick
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
With over 200 shows, The Mining Pod is the industry’s best resource for the latest news and strategies in Bitcoin mining. Trusted by over 3,000 subscribers, including mining executives, operators and fund managers such as Marathon Digital, Cleanspark and BitCap.
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