H4shr8 Crypto Mining Podcast

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 - Curr

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

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 adj

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

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

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 Bi

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?

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

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

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

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

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 v

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 ch

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? -

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 H

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? 3

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

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 N

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://n

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 sen