H4shr8 Crypto Mining Podcast

Welcome back to The Mining Pod! This week we are joined by Brandon Bailey (a.k.a. Bitcoin Beezy), a co-founder of Second Gate advisory and a former VP of mining at Galaxy Digital, to discuss his recent research note on Bitdeer. He argues that the public miner, which is sometimes overlooked for some combination of language barriers and the team’s geographic distance from North America, is massively undervalued. He digs into Bitdeer’s bitcoin mining business and its burgeoning ASIC miner manufacturing line to make the case that the company deserves a valuation comparable to Riot, Marathon, CleanSpark, and Core Scientific.  Timestamps: 00:00 Start 02:11 Bitdeer Research Note 03:46 Bitdeer as public company underdog 08:12 2025 Projected Growth 12:42 market segments 14:59 Total Revenue 16:10 Self mining vs hosting 18:34 New ASICs 23:46 ASIC manufacturing at scale 30:13 Advantages of vertical integration 35:08 Bitdeer can shift market segments 37:03 AI & HPC 41:11 AI training profitability 45:34 3 AI Compute appr