Podcasts about cleanspark

MARA as once the darling of public bitcoin miners, but it's fallen behind in 2025. We break down why and what MARA can do to get back in the limelight. Welcome back to The Mining Pod! Today, we dive deep into MARA, the largest public Bitcoin miner by hash rate at 60.4 EH/s. Despite leading in hashrate, MARA has lagged behind peers like Riot and CleanSpark with just a 5.4% YoY return versus competitors seeing double or triple digit gains. We break down the ownership structure of MARA's current bitcoin mining operations, the company's 96% US concentration versus 50/50 US/international goals, vertical integration moves, and why the market values AI/HPC megawatts over Bitcoin mining capacity right now. Notes:  • MARA operates 60.4 EH/s across 18 sites • Only 5.4% YTD return vs peers at 62%+ gains • 96% US footprint, targeting 50/50 international split • ~50/50 split between owned and hosted capacity • 1.174GW total operational capacity • Q2 SG&A costs: $92-93 million Timestamps: 00:00 Start 02:56 MARA snapshot 07:20 Sovereign systems 15:32 Financials 18:20 IREN, RIOT flip MARA 19:50 CTO let go 22:48 MARA in a crab market 23:16 Exaion France Power Authority 26:30 Share dilution 30:03 Auradine rigs

TeraWulf is gunning to raise a $3.2 billion secured loan, right as bitcoin miner debt tops $20 billion.  Welcome back to The Mining Pod! This week, we dive into TeraWulf's $3.2B secured note for AI infrastructure—the largest ever for a public miner – and Bitfarms' $588M convertible note at a time when total industry debt crosses $20B.Plus, why data center companies are salvaging jet turbines to power data centers, CleanSpark's SVP of AI Data Centers hire, and for this week's cry corner, pour one out for the Kadena blockchain… Notes:  • TeraWulf raised $3.2B secured note at 7.75% • Bitfarms raised $588M convertible note • Total Bitcoin miner debt exceeds $20 billion • Hash price currently at $47/PH/day • Next difficulty adjustment projected +4.7% Timestamps: 00:00 Start 02:01 Difficulty Report by Luxor 05:00 Terawulf debt 08:40 Bitfarms raises $588M 10:55 Jet engine generators? 15:55 Cleanspark hiring 18:50 Miner debt record

Welcome back to The Mining Pod! This week, we dive into TeraWulf's $3.2B secured note for AI infrastructure—the largest ever for a public miner – and Bitfarms' $588M convertible note at a time when total industry debt crosses $20B.Plus, why data center companies are salvaging jet turbines to power data centers, CleanSpark's SVP of AI Data Centers hire, and for this week's cry corner, pour one out for the Kadena blockchain… Notes:  • TeraWulf raised $3.2B secured note at 7.75% • Bitfarms raised $588M convertible note • Total Bitcoin miner debt exceeds $20 billion • Hash price currently at $47/PH/day • Next difficulty adjustment projected +4.7% Timestamps: 00:00 Start 02:01 Difficulty Report by Luxor 05:00 Terawulf debt 08:40 Bitfarms raises $588M 10:55 Jet engine generators? 15:55 Cleanspark hiring 18:50 Miner debt record

T. Rowe Price's Blue Macellari argues that Bitcoin's ETF has altered its cycles forever. Welcome back to The Mining Pod! Today, we have a two-for-one show with two interviews we recorded at the North American Blockchain Summit. To start, Colin interviews Blue Macellari (Head of Digital Assets at T. Rowe Price) on how institutional adoption is fundamentally changing Bitcoin's market structure, the debasement trade narrative going mainstream, and why fast money hasn't arrived yet this cycle. Then, Will hops on the horn with  Dale Nally (Minister of Red Tape Reduction in Alberta) to discuss Alberta's competitive advantages for Bitcoin mining and a concierge program for large miners. Notes:  • BlackRock's IBIT reached $70B+ AUM, top 20 ETF • ETF holders parking Bitcoin for decades • Basis trade tied to futures market growth • T. Rowe Price sees institutions changing cycles • Alberta cut 35% of red tape, saved $3B • Alberta has 200-year natural gas supply Timestamps: 00:00 Start 04:34 Bitcoin ETFs & 4yr cycle 06:08 Institutional demand & cycle changes 08:18 Retail behavior 10:38 ETH treasury companies 14:04 Debasement trade 16:01 Fed rate cuts 19:51 BTC is risk on or off? 24:41 Cleanspark Ad 25:10 Canada's energy sector 25:46 Who is Dale Nally? 27:09 NatGas generators for AI 29:09 LNG exports 31:33 Exports to the US? 35:14 How is the Alberta energy system unique? 37:41 Capital formation 39:46 Canadian Federal Bitcoin Reserve?

Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, we have a two-for-one show with two interviews we recorded at the North American Blockchain Summit. To start, Colin interviews Blue Macellari (Head of Digital Assets at T. Rowe Price) on how institutional adoption is fundamentally changing Bitcoin's market structure, the debasement trade narrative going mainstream, and why fast money hasn't arrived yet this cycle. Then, Will hops on the horn with  Dale Nally (Minister of Red Tape Reduction in Alberta) to discuss Alberta's competitive advantages for Bitcoin mining and a concierge program for large miners. **Notes:** • BlackRock's IBIT reached $70B+ AUM, top 20 ETF • ETF holders parking Bitcoin for decades • Basis trade tied to futures market growth • T. Rowe Price sees institutions changing cycles • Alberta cut 35% of red tape, saved $3B • Alberta has 200-year natural gas supply Timestamps: 00:00 Start 04:34 Bitcoin ETFs & 4yr cycle 06:08 Institutional demand & cycle changes 08:18 Retail behavior 10:38 ETH treasury companies 14:04 Debasement trade 16:01 Fed rate cuts 19:51 BTC is risk on or off? 24:41 Cleanspark Ad 25:10 Canada's energy sector 25:46 Who is Dale Nally? 27:09 NatGas generators for AI 29:09 LNG exports 31:33 Exports to the US? 35:14 How is the Alberta energy system unique? 37:41 Capital formation 39:46 Canadian Federal Bitcoin Reserve?

In a packed week for bitcoin mining news, MARA has dismissed its CTO, BlackRock cooks up a $40 billion data center firm acquisition, and Bitdeer unveils its $2 billion AI ambitions. Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! This week, Luxor CEO Nick Hansen joins us to talk multi-month hashprice lows (how low do we go?), MARA firing its CTO, Ionic Digital's Microsoft-linked AI deal, Bitdeer's gangbusters September and $2B AI plans, and BlackRock taking the lead on a $40B data center company acquisition. Plus, the US government seizes $14.1B (potentially $16.5B total) in bitcoin from an international scam operation. **Notes:** • Hash price dropped below $50/PH/day at $47 • Difficulty adjustment down 2.5% after months of increases • Bitcoin price fell from $125K to $108K post-tariff news • Marathon quietly cans CTO  • Bitdeer mined 452 BTC in Sept, up 20.5% month-over-month • Bitdeer projects $2B annual revenue from AI starting in 2026 • BlackRock leads $40B Aligned Data Centers acquisition • US seized $14.1B+ Bitcoin from crime syndicate • PJM needs 43GW battery storage by 2045 • Ionic Digital secured 240MW Microsoft lease, expandable to 1.2GW Timestamps: 00:00:00:00 Start 00:01:51:00 Difficulty Report by Luxor 00:11:28:10 MARA CTO fired 00:15:40:17 Ionic Digital gets into the AI action 00:18:16:13 PJM needs 43 GW of battery by 2045 00:23:22:16 Bitdeer's big September 00:27:56:23 BlackRock & Nvidia deal 00:35:03:28 Cry Corner: Uncle Sam gets that bag

Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! This week, Luxor CEO Nick Hansen joins us to talk multi-month hashprice lows (how low do we go?), MARA firing its CTO, Ionic Digital's Microsoft-linked AI deal, Bitdeer's gangbusters September and $2B AI plans, and BlackRock taking the lead on a $40B data center company acquisition. Plus, the US government seizes $14.1B (potentially $16.5B total) in bitcoin from an international scam operation. **Notes:** • Hash price dropped below $50/PH/day at $47 • Difficulty adjustment down 2.5% after months of increases • Bitcoin price fell from $125K to $108K post-tariff news • Marathon quietly cans CTO  • Bitdeer mined 452 BTC in Sept, up 20.5% month-over-month • Bitdeer projects $2B annual revenue from AI starting in 2026 • BlackRock leads $40B Aligned Data Centers acquisition • US seized $14.1B+ Bitcoin from crime syndicate • PJM needs 43GW battery storage by 2045 • Ionic Digital secured 240MW Microsoft lease, expandable to 1.2GW Timestamps: 00:00:00:00 Start 00:01:51:00 Difficulty Report by Luxor 00:11:28:10 MARA CTO fired 00:15:40:17 Ionic Digital gets into the AI action 00:18:16:13 PJM needs 43 GW of battery by 2045 00:23:22:16 Bitdeer's big September 00:27:56:23 BlackRock & Nvidia deal 00:35:03:28 Cry Corner: Uncle Sam gets that bag

CleanSpark VP Rory Murray joins us to discuss bitcoin mining stocks, the macro economic environment, and bitcoin's 4 year cycle theory. Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, Rory Murray, VP of digital asset management at CleanSpark, joins us to talk about the explosive markets we're seeing in late 2024, why he believes Bitcoin's four-year cycle is dead, and the secular trends that will define the next chapter of crypto. We dive deep into the debasement trade, record bitcoin ETF inflows, the intersection of macro and Bitcoin mining stocks, and what keeps a veteran trader up at night. Also, Rory shares his framework for navigating animal spirits and how they relate to Bitcoin's long-term trajectory. **Notes:** - SPX up 30 basis points daily since April - Largest ever crypto ETF inflow week - Q3 earnings 3x higher than analyst forecasts - Four-year Bitcoin cycle thesis challenged - Record institutional Bitcoin adoption - CleanSpark operates across 4+ US states Timestamps: 00:00 Start 02:24 Rory title upgrade 04:48 Traders 06:02 Good trading desks? 08:00 Where's the alpha? 13:01 Mining stock data sources 14:00 Stock & BTC ripping higher? 24:53 Debasement trade 28:09 Gold is back baby! 28:48 Monetary flows 31:55 Worries

Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, Rory Murray, VP of digital asset management at CleanSpark, joins us to talk about the explosive markets we're seeing in late 2024, why he believes Bitcoin's four-year cycle is dead, and the secular trends that will define the next chapter of crypto. We dive deep into the debasement trade, record bitcoin ETF inflows, the intersection of macro and Bitcoin mining stocks, and what keeps a veteran trader up at night. Also, Rory shares his framework for navigating animal spirits and how they relate to Bitcoin's long-term trajectory. **Notes:** - SPX up 30 basis points daily since April - Largest ever crypto ETF inflow week - Q3 earnings 3x higher than analyst forecasts - Four-year Bitcoin cycle thesis challenged - Record institutional Bitcoin adoption - CleanSpark operates across 4+ US states Timestamps: 00:00 Start 02:24 Rory title upgrade 04:48 Traders 06:02 Good trading desks? 08:00 Where's the alpha? 13:01 Mining stock data sources 14:00 Stock & BTC ripping higher? 24:53 Debasement trade 28:09 Gold is back baby! 28:48 Monetary flows 31:55 Worries

IREN continues its hot streak with a big raise, and crypto ETFs saw a record week last week. Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, Ethan Vera from Luxor joins us live from NABs in Dallas to talk about IREN's $875 million convertible note following their AI cloud deal announcement, Luxor's launch of an ERCOT-certified retail electric provider enabling Bitcoin-native power payments, last week's record-breaking $5.95 billion in crypto ETF inflows, and a word on Bitcoin mining in China. **Notes:** • Hash rate exceeds 1000 exahashes per second • Hash price at $50.81 per petahash per day • IREN raised $875M via 0% convertible note • $5.95 billion in crypto inflows last week • China represents estimated 14.05% of Bitcoin hash rate • Iron secured $225M revenue over two years Timestamps: 00:00 Start 02:13 Difficulty Report by Luxor 04:23 IREN 09:43 Cleanspark Ad 10:12 Luxor Energy announcement 16:40 Bull market doing it's thing 20:22 China hashrate research

IREN continues its hot streak with a big raise, and crypto ETFs saw a record week last week. Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, Ethan Vera from Luxor joins us live from NABs in Dallas to talk about IREN's $875 million convertible note following their AI cloud deal announcement, Luxor's launch of an ERCOT-certified retail electric provider enabling Bitcoin-native power payments, last week's record-breaking $5.95 billion in crypto ETF inflows, and a word on Bitcoin mining in China. Notes: • Hash rate exceeds 1000 exahashes per second • Hash price at $50.81 per petahash per day • IREN raised $875M via 0% convertible note • $5.95 billion in crypto inflows last week • China represents estimated 14.05% of Bitcoin hash rate • Iron secured $225M revenue over two years Timestamps: 00:00 Start 02:13 Difficulty Report by Luxor 04:23 IREN 09:43 Cleanspark Ad 10:12 Luxor Energy announcement 16:40 Bull market doing it's thing 20:22 China hashrate research

JPMorgan analysts weigh in on price targets for IREN, CLSK, MARA, RIOT, and CIFR in a recent research note. Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, Will and Colin dive into JPMorgan's latest research report on Bitcoin mining stocks pivoting to AI and HPC. We analyze JPMorgan's IREN price target, break down the economics of co-location vs cloud services, and examine potential upside for Cipher, Riot, Clean Spark, and MARA. **Notes:** • IREN target • Sweetwater needs 1GW+ deal to justify valuation • Co-location: $3.7-8.6M/MW vs cloud: $5.3M/MW • IREN expanding to 23,000 GPUs by Q1 2026 • Cipher EV/revenue at 31.9x vs IREN at 12.9x • Core Scientific sets co-location benchmark Timestamps: 00:00 Start 02:43 Mining stocks ripping 06:26 Core Scientific benchmark for AI pivot 15:34 Cleanspark Ad 16:05 IREN 27:06 Valuation models

Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, Will and Colin dive into JPMorgan's latest research report on Bitcoin mining stocks pivoting to AI and HPC. We analyze JPMorgan's IREN price target, break down the economics of co-location vs cloud services, and examine potential upside for Cipher, Riot, Clean Spark, and MARA. **Notes:** • IREN target • Sweetwater needs 1GW+ deal to justify valuation • Co-location: $3.7-8.6M/MW vs cloud: $5.3M/MW • IREN expanding to 23,000 GPUs by Q1 2026 • Cipher EV/revenue at 31.9x vs IREN at 12.9x • Core Scientific sets co-location benchmark Timestamps: 00:00 Start 02:43 Mining stocks ripping 06:26 Core Scientific benchmark for AI pivot 15:34 Cleanspark Ad 16:05 IREN 27:06 Valuation models

ICE raided an ASIC repair shop this week, and a look into the crystal ball for Bitcoin's hashrate at the end of the year.Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, Ben Harper from Luxor Technologies joins us to talk about the brutal hash rate environment as hashrate surges past 1 zettahash. For news, we break down ICE's raid on a Bitcoin miner repair shop in Pyote, Texas, Core Scientific's shareholder vote for the CoreWeave acquisition, and Tether's massive 86,000+ BTC treasury.  **Notes:** • Difficulty increased 6%, up 26% over 7 adjustments • Hashrate expected to reach 1.2 zeta by year-end • Core Scientific vote scheduled for October 30th • Tether holds 85,335 BTC worth $10.4 billion • ICE arrested 12-13 undocumented workers at TX ASIC repair shop Timestamps: 00:00 Start 04:27 Difficulty Update by Luxor 06:48 ICE raids ASIC repair shop 11:30 Hashrate Forwards 23:03 End of year Forward projections 25:41 Cleanspark Ad 26:10 Core Sci Update 28:44 Tether holds more BTC than you think

Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, Ben Harper from Luxor Technologies joins us to talk about the brutal hash rate environment as hashrate surges past 1 zettahash. For news, we break down ICE's raid on a Bitcoin miner repair shop in Pyote, Texas, Core Scientific's shareholder vote for the CoreWeave acquisition, and Tether's massive 86,000+ BTC treasury.  **Notes:** • Difficulty increased 6%, up 26% over 7 adjustments • Hashrate expected to reach 1.2 zeta by year-end • Core Scientific vote scheduled for October 30th • Tether holds 85,335 BTC worth $10.4 billion • ICE arrested 12-13 undocumented workers at TX ASIC repair shop Timestamps: 00:00 Start 04:27 Difficulty Update by Luxor 06:48 ICE raids ASIC repair shop 11:30 Hashrate Forwards 23:03 End of year Forward projections 25:41 Cleanspark Ad 26:10 Core Sci Update 28:44 Tether holds more BTC than you think

Fan favorite Pennyether joins the show to discuss the bitcoin mining stocks, the future growth of Bitcoin's hashrate, and more. Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, independent stock analyst Pennyether joins us to talk about Bitcoin hashrate crossing 1 zettahash, the economics of ASIC manufacturing, and how Bitdeer could challenge Bitmain's dominance. We explore why miners spend 35-40% of revenue on ASICs, the HPC narrative driving mining stocks up, and why hashrate will continue growing exponentially despite megawatt concerns. **Notes:** • Bitcoin hashrate officially crossed 1 zettahash • ASIC manufacturers capture 35-40% of mining revenue • $19B+ annual Bitcoin mining revenue potential • Bitfarms stock rose 138% in one week • Bitdeer using TSMC for competitive advantage • HPC deals 2-5x more profitable than mining Timestamps 00:00 Start 05:38 Who is Penny? 08:39 Testing ideas & mining data 14:31 ASIC manufacturing market 24:10 Hashrate 28:28 HPC & AI 31:14 Valuation with & without deals 36:24 ASICs & Bitdeer 40:34 ASIC margins 45:21 Cannan 49:19 Vertical integration 52:42 When mining stocks polymarket?

Matt Schultz, Co-founder, Executive Chairman, and CEO of CleanSpark, joined me to discuss the latest in Bitcoin mining, adoption, and growth.Topics: - Cleanspark's Bitcoin Mining Operations - Future of Bitcoin Mining - US Strategic Bitcoin Reserve - CleanSpark's $100M BTC-backed loan from Coinbase Prime - AI and Quantum Computing impact on Bitcoin and mining Show Sponsor -

Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! Today, independent stock analyst Pennyether joins us to talk about Bitcoin hashrate crossing 1 zettahash, the economics of ASIC manufacturing, and how Bitdeer could challenge Bitmain's dominance. We explore why miners spend 35-40% of revenue on ASICs, the HPC narrative driving mining stocks up, and why hashrate will continue growing exponentially despite megawatt concerns. **Notes:** • Bitcoin hashrate officially crossed 1 zettahash • ASIC manufacturers capture 35-40% of mining revenue • $19B+ annual Bitcoin mining revenue potential • Bitfarms stock rose 138% in one week • Bitdeer using TSMC for competitive advantage • HPC deals 2-5x more profitable than mining Timestamps 00:00 Start 05:38 Who is Penny? 08:39 Testing ideas & mining data 14:31 ASIC manufacturing market 24:10 Hashrate 28:28 HPC & AI 31:14 Valuation with & without deals 36:24 ASICs & Bitdeer 40:34 ASIC margins 45:21 Cannan 49:19 Vertical integration 52:42 When mining stocks polymarket?

Cipher Mining landed its first AI tenant, with $1.3 billion in the deal backstopped by Google, and MicroBT has opened a U.S. distribution hub with 10,000 ASIC miners per month in volume. Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! On today's round up, we dive deep into Cipher Mining's $3 billion AI hosting deal with Fluid Stack, backed by Google's $1.4 billion guarantee. And as hashrate surges to 1,100 EH/s, miners are struggling with sub-$50 hash prices. Plus MicroBT has opened a U.S. distribution hub, and IREN's aggressive GPU expansion. **Notes:** • Cipher signed $3B AI deal with Fluid Stack • Google backstopping $1.4B of obligations   • Hash price under $50/PH/day (6mo low) • Network hash rate at 1,100 EH/s • IREN doubled GPU fleet to 23K units, raises Q1-2026 ARR to $500M • MicroBT opens 10K unit/month US shop Timestamps: 00:00 Start 03:03 Difficulty Report by Luxor 07:08 Cipher and Fluidstack deal! 13:15 MicroBT opens up shop in US 17:34 Cleanspark Ad 18:03 IREN doubles GPU fleet (again)

Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! On today's round up, we dive deep into Cipher Mining's $3 billion AI hosting deal with Fluid Stack, backed by Google's $1.4 billion guarantee. And as hashrate surges to 1,100 EH/s, miners are struggling with sub-$50 hash prices. Plus MicroBT has opened a U.S. distribution hub, and IREN's aggressive GPU expansion. **Notes:** • Cipher signed $3B AI deal with Fluid Stack • Google backstopping $1.4B of obligations   • Hash price under $50/PH/day (6mo low) • Network hash rate at 1,100 EH/s • IREN doubled GPU fleet to 23K units, raises Q1-2026 ARR to $500M • MicroBT opens 10K unit/month US shop Timestamps: 00:00 Start 03:03 Difficulty Report by Luxor 07:08 Cipher and Fluidstack deal! 13:15 MicroBT opens up shop in US 17:34 Cleanspark Ad 18:03 IREN doubles GPU fleet (again)

Lonestar Data is putting data centers for storage on the moon. Chris Stott joins the Mining Pod to discuss why nation states love the concept. Click Here To Join the BitAxe Giveaway Welcome back to The Mining Pod! Today, Christopher Stott, the CEO and founder of Lonestar Data Holdings, joins us to talk about putting computer storage in space! Chris explains how Lonestar managed to place a data storage device on the moon (with more to come), why nation states want lunar data backups, why space's natural cooling and solar power provide optimal conditions for these mini data centers, and why backing up humanity's data off-planet isn't sci-fi but reality. **Notes:** • 8TB storage in 1kg device tested on moon• Next launch: 1 petabyte to low-Earth orbit• 15 petabyte system planned for Lagrange point• Launch costs dropped to

Click Here To Join the BitAxe Giveaway Welcome back to The Mining Pod! Today, Christopher Stott, the CEO and founder of Lonestar Data Holdings, joins us to talk about putting computer storage in space! Chris explains how Lonestar managed to place a data storage device on the moon (with more to come), why nation states want lunar data backups, why space's natural cooling and solar power provide optimal conditions for these mini data centers, and why backing up humanity's data off-planet isn't sci-fi but reality. **Notes:** • 8TB storage in 1kg device tested on moon • Next launch: 1 petabyte to low-Earth orbit • 15 petabyte system planned for Lagrange point • Launch costs dropped to

Bitcoin mining stock prices surged this week, Bitdeer released its latest ASIC miner, the SEALMINER A3, and more bitcoin mining news on this week's Mining Pod news roundup. Click Here To Join the BitAxe Giveaway Welcome back to The Mining Pod! Today, Matt Williams, the head of financial services at Luxor, joins Will and Colin to dive into this week's bitcoin mining news, including a massive bitcoin mining stock rally, Nvidia's $5 billion investment into Intel, and Bitdeer's new SEALMINER A3 ASIC miner series. Plus, Matt teases a new energy market product coming soon from Luxor, and we examine NAKA's brutal stock crash after its PIPE equity unlock. **Notes:** • Bitcoin's difficulty jumped 4.9% and 4.6% back-to-back • Nvidia invested $5 billion stake in Intel chips • NAKA stock crashed from $25 to $1.40 this year • New A3 miner delivers 290 TH at 12.5 J/TH Timestamps: 00:00 Start 05:17 Stocks are ripping, why? 10:46 NVIDIA invests in Intel 19:01 Bitdeer A3 launch 24:16 Luxor Forward and Energy Markets 31:54 Cry Corner: NAKA is down bad

Click Here To Join the BitAxe Giveaway Welcome back to The Mining Pod! Today, Matt Williams, the head of financial services at Luxor, joins Will and Colin to dive into this week's bitcoin mining news, including a massive bitcoin mining stock rally, Nvidia's $5 billion investment into Intel, and Bitdeer's new SEALMINER A3 ASIC miner series. Plus, Matt teases a new energy market product coming soon from Luxor, and we examine NAKA's brutal stock crash after its PIPE equity unlock. **Notes:** • Bitcoin's difficulty jumped 4.9% and 4.6% back-to-back • Nvidia invested $5 billion stake in Intel chips • NAKA stock crashed from $25 to $1.40 this year • New A3 miner delivers 290 TH at 12.5 J/TH Timestamps: 00:00 Start 05:17 Stocks are ripping, why? 10:46 NVDIA invests in Intel 19:01 Bitdeer A3 launch 24:16 Luxor Forward and Energy Markets 31:54 Cry Corner: NAKA is down bad

CleanSpark CEO, Matt Schultz, joins Market on Close to discuss how the Bitcoin miner is diversifying from the crypto space and into the A.I. industry. The company owns 33 data centers and focuses more on small communities, a demographic Matt considers underserved in CleanSpark's industries. He also talks about Bitcoin serves as a flexible resource that adds value in the event an "act of God" disrupts traditional businesses.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Bitcoin mining stock investor and hedge fund manager Mike Alfred slings his opinions on IREN, public miners, and AI on the latest Mining Pod. Click Here To Join the BitAxe Giveaway Welcome back to The Mining Pod! Today, Mike Alfred, founder of Alpine Fox LP and a non‑executive director at IREN, joins us to talk about Bitcoin mining economics, AI‑GPU arbitrage, the importance of owning physical infrastructure, and how his permanent‑capital fund navigates massive drawdowns while staying contrarian in a hype‑driven market. Timestamps: 00:00 Start 03:51 Alpine Fox Fund 07:26 IREN allocation 10:26 Why invest in IREN? 16:10 Why post on social? 20:16 Cleanspark 20:44 Binance 25:26 Memetic investing 32:39 Breaking news 36:34 Drawdowns

Click Here To Join the BitAxe Giveaway Welcome back to The Mining Pod! Today, Mike Alfred, founder of Alpine Fox LP and a non‑executive director at IREN, joins us to talk about Bitcoin mining economics, AI‑GPU arbitrage, the importance of owning physical infrastructure, and how his permanent‑capital fund navigates massive drawdowns while staying contrarian in a hype‑driven market. Timestamps: 00:00 Start 03:51 Alpine Fox Fund 07:26 IREN allocation 10:26 Why invest in IREN? 16:10 Why post on social? 20:16 Cleanspark 20:44 Binance 25:26 Memetic investing 32:39 Breaking news 36:34 Drawdowns

Rory Murray, Director of Digital Asset Management at Cleanspark, joins us to discuss his journey from global macro investing to leading Bitcoin mining operations, the Griid acquisition, cost structures, hedging strategies, and how the business is evolving into a hybrid energy‑finance powerhouse. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: Clean Spark: “America's Bitcoin miner” Margins shrink toward zero over cycles Hedging via covered calls at $65K Power contracts lock in multi‑million deals Bitcoin used as collateral for loans Goal: monetize megawatts, not just hash Timestamps: 00:00 Start 04:38 GRIID role 14:36 Managing BTC treasury 20:21 HODL strategy 24:09 Ellipsis Labs 25:10 Miners vs Treasury Companies 33:22 Miners could be better treasury companies 55:14 What is "cost to mine 1 BTC"? 58:50 Miners will fail 1:04:16 Future miner income diversity

Tether had a big win in court this week against Swan, and Bitmain is under the eye of the U.S. government.  Click Here To Join the BitAxe Giveaway On the latest Mining Pod news roundup, Will and Mat discuss Bitcoin's 5 %+ difficulty jump, to Tether's courtroom win over Swan, GOP calls for a CFIUS review of Bitmain, AI's creeping impact on hashrate, and the claim that Ocean Pool's CEO Luke Dashjar earns $750k a year. Timestamps: 00:00 Start 02:40 Difficulty Report 06:37 CIFR, other mining stocks rip 11:21 Tether eyes victory in UK High Court 17:02 Bitmain, Cango in US cross hairs 24:14 Cry Corner: Is Luke Dashjr rich?!

Click Here To Join the BitAxe Giveaway On the latest Mining Pod news roundup, Will and Mat discuss Bitcoin's 5 %+ difficulty jump, to Tether's courtroom win over Swan, GOP calls for a CFIUS review of Bitmain, AI's creeping impact on hashrate, and the claim that Ocean Pool's CEO Luke Dashjar earns $750k a year. Timestamps: 00:00 Start 02:40 Difficulty Report 06:37 CIFR, other mining stocks rip 11:21 Tether eyes victory in UK High Court 17:02 Bitmain, Cango in US cross hairs24:14 Cry Corner: Is Luke Dashjr rich?!

You may not realize it, but that bitcoin ATM at your corner store is probably bringing in some serious cash. Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, Brandon Mintz, CEO of Bitcoin Depot joins Colin to talk about building the largest Bitcoin ATM network in North America with 9,000+ machines. They discuss how the Bitcoin ATM business model works, why someone would buy bitcoin from an ATM rather than an exchange, why Bitcoin ATMs tend to have premiums, and what areas the company may explore for expansion. Subscribe to our newsletter!  **Notes:** • Bitcoin Depot has 9,000+ ATMs across 3 countries • Q2 revenue up 6% YoY to $172.1M • 15% of US transactions still use cash • 1,700 ATMs ready for deployment Timestamps: 00:00 Start 03:16 Founding Bitcoin Depot 05:58 The first BTC ATM? 07:14 Current revenue growth 09:52 Establishing an ATM location 11:54 Deciding ATM locations 16:01 Profit sharing w/ locations 17:33 Convincing locations 19:31 Are ATMs not price sensitive? 22:21 Operating expenses 23:26 ATM user profile 25:45 Price premium 28:59 Revenue valuation 31:46 Expansion 32:27 European market 32:59 Treasury strategy 35:20 Treasury company frothy market 36:57 Regulation changes

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, Brandon Mintz, CEO of Bitcoin Depot joins Colin to talk about building the largest Bitcoin ATM network in North America with 9,000+ machines. They discuss how the Bitcoin ATM business model works, why someone would buy bitcoin from an ATM rather than an exchange, why Bitcoin ATMs tend to have premiums, and what areas the company may explore for expansion. Subscribe to our newsletter!  **Notes:** • Bitcoin Depot has 9,000+ ATMs across 3 countries • Q2 revenue up 6% YoY to $172.1M • 15% of US transactions still use cash • 1,700 ATMs ready for deployment Timestamps: 00::00 Start 03:16 Founding Bitcoin Depot 05:58 The first BTC ATM? 07:14 Current revenue growth 09:52 Establishing an ATM location 11:54 Deciding ATM locations 16:01 Profit sharing w/ locations 17:33 Convincing locations 19:31 Are ATMs not price sensitive? 22:21 Operating expenses 23:26 ATM user profile 25:45 Price premium 28:59 Revenue valuation 31:46 Expansion 32:27 European market 32:59 Treasury strategy 35:20 Treasury company frothy market 36:57 Regulation changes

Block is most well known for its point of sale hardware. But now they are gunning for the bitcoin mining market. Welcome back to The Mining Pod! On today's bonus edition, Perry Hothi from Block joins us to talk about Proto's new ASIC miner, Rig. We dive deep into the technical specs, modular hashboard design, open-source mining software, and how Block plans to compete in a hardware market dominated by Bitmain. Perry explains Rig's data center-inspired features and Block's broader Bitcoin ecosystem strategy. Notes: • 14.1 joules per hash efficiency rating • 12kW power consumption per unit • 96-124 chips per configuration • Swappable hashboard design • Single phase power that helps balance all three phases • Two fans per three hash boards design Timestamps: 00:00 Start 01:31 Specs: Jules per Terahash 05:18 Form Factor 12:03 Colorado Air Filter 13:05 Hashboard Swapping 17:28 Under clocking (operating range) 18:54 Block ecosystem 21:22 Competitors 23:42 Cleanspark 24:11 Next Gen

On today's roundup, we have an ASIC market update from Luxor, plus American Bitcoin's debut on public markets and why one investor wants to put the freeze on the Core Scientific-CoreWeave deal. Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, Colin and Will with Luxor's ASIC Trading Desk Senior Account Manager Sarah Tang about the ASIC market landscape, including how tariffs are impacting pricing, demand, and futures orders, plus the most popular ASIC models currently. For news, they cover American Bitcoin's volatile Nasdaq debut, JonesResearch pumping the brakes on its IREN rating, and Core Scientific's largest active investors imploring others to vote no on the CoreWeave acquisition. Subscribe to our newsletter!  **Notes:**     50 % tariff on Chinese rigs     22 % tariff on SE Asian rigs     Difficulty target  for 1 ZH/s = 139.7 T hashes     Hash price ≈ $53.8 /TH/day     American Bitcoin surged to $13/share, fell to $6.38 Timestamps: 00:00 Start 02:17 Difficulty Report by Luxor 04:33 American Bitcoin public listing 07:10 ASIC prices 17:10 Cleanspark 17:39 Jones Research downgrades IREN 22:50 Cry Corner: Two Seas Capital

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, Colin and Will with Luxor's ASIC Trading Desk Senior Account Manager Sarah Tang about the ASIC market landscape, including how tariffs are impacting pricing, demand, and futures orders, plus the most popular ASIC models currently. For news, they cover American Bitcoin's volatile Nasdaq debut, JonesResearch pumping the brakes on its IREN rating, and Core Scientific's largest active investors imploring others to vote no on the CoreWeave acquisition. Subscribe to our newsletter!  **Notes:**     50 % tariff on Chinese rigs     22 % tariff on SE Asian rigs     Difficulty target  for 1 ZH/s = 139.7 T hashes     Hash price ≈ $53.8 /TH/day     American Bitcoin surged to $13/share, fell to $6.38 Timestamps: 00:00 Start 02:17 Difficulty Report by Luxor 04:33 American Bitcoin public listing 07:10 ASIC prices 17:10 Cleanspark 17:39 Jones Research downgrades IREN 22:50 Cry Corner: Two Seas Capital

Our guest, Cormint CEO James McAvity, makes the case that Bitcoin's low transaction fees should raise concerns.  Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, James McAvity, CEO of bitcoin miner Cormint, joins us to talk about a potential, looming existential crisis for Bitcoin: low transaction fee revenue. With transaction fees at only 2% of mining revenue, McAvity argues the current model is unsustainable as rewards halve every four years. Subscribe to our newsletter!  **Notes:** • Transaction fees: 1/50th of total block rewards • 20GW mining capacity running 24/7 globally   • 70 basis points: current annual BTC issuance • $30-50K: cost per gigawatt hour electricity • 2036: block rewards drop to 8 basis points • $20T: potential future Bitcoin market cap Timestamps: 00:00 Start 02:32 Is mining cooked? 08:05 Interpreting Satoshi's Goals 13:17 Hot mess or solid roadmap? 20:46 Cleanspark 21:15 Fees in a money protocol 25:44 truested intermediaries 31:42 Monero attack 38:39 Longterm bearish on mining? 44:59 What to do?

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, James McAvity, CEO of bitcoin miner Cormint, joins us to talk about a potential, looming existential crisis for Bitcoin: low transaction fee revenue. With transaction fees at only 2% of mining revenue, McAvity argues the current model is unsustainable as rewards halve every four years. Subscribe to our newsletter!  **Notes:** • Transaction fees: 1/50th of total block rewards • 20GW mining capacity running 24/7 globally   • 70 basis points: current annual BTC issuance • $30-50K: cost per gigawatt hour electricity • 2036: block rewards drop to 8 basis points • $20T: potential future Bitcoin market cap Timestamps: 00:00 Start 02:32 Is mining cooked? 08:05 Interpreting Satoshi's Goals 13:17 Hot mess or solid roadmap? 20:46 Cleanspark 21:15 Fees in a money protocol 25:44 truested intermediaries 31:42 Monero attack 38:39 Longterm bearish on mining? 44:59 What to do?

Reports suggest that ABTC could start trading as early as next month following its merger with Gryphon Digital. Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, the crew digs into reports that ABTC could start trading as soon as September, how hashrate looks primed to rip, IREN's 4,200 GPU buy, and a surprising Ocean Pool hashrate reporting glitch.  Subscribe to our newsletter!  **Notes:**     American Bitcoin aims Sep 2025 public debut.     Hash‑rate up ~5 % per Hash Rate Index.     Difficulty 44 % through adjustment period.     IREN financed $102 M for 8.5K GPUs.     Ocean Pool reported a false 300 EH/s spike. Timestamps: 00:00 Start 02:31 Difficulty Report by Luxor 06:38 Gryphon and Hut 8 surge 13:13 ETPs reach March‐highs in outflows 19:44 IREN doubles GPU fleet 25:41 Cry Corner: OCEAN 300 EH/s bug

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, the crew digs into reports that ABTC could start trading as soon as September, how hashrate looks primed to rip, IREN's 4,200 GPU buy, and a surprising Ocean Pool hashrate reporting glitch.  Subscribe to our newsletter!  **Notes:**     American Bitcoin aims Sep 2025 public debut.     Hash‑rate up ~5 % per Hash Rate Index.     Difficulty 44 % through adjustment period.     IREN financed $102 M for 8.5K GPUs.     Ocean Pool reported a false 300 EH/s spike. Timestamps: 00:00 Start 02:31 Difficulty Report by Luxor 06:38 Gryphon and Hut 8 surge 13:13 ETPs reach March‐highs in outflows 19:44 IREN doubles GPU fleet 25:41 Cry Corner: OCEAN 300 EH/s bug

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, TicTacc Director of Business Development Michael Rhoden joins us to talk about the current state of the ASIC market in 2025, including the impact of tariffs on pricing and demand, Proto's ASIC miner launch, the rise of hydro cooling solutions, manufacturing shifts to the US, and how public miner pivots to AI/HPC are reshaping the mining hardware landscape. Subscribe to our newsletter!  **Notes:** • Tariffs add 19% duty on Malaysian imports • S21 Plus best seller with hydro cooling • Proto rig weighs 120 pounds, 10-year life • US manufacturing capacity still limited • Bitcoin mining margins remain thin • Ethiopia halts new mining expansion Timestamps: 00:00 Start 02:52 Proto miner thoughts? 04:23 Proto pricing 06:13 Consumer interest in Proto 07:32 Tariffs 10:19 Bitmain's markets 12:08 Hottest ASIC markets globally 15:34 Ethiopia market 17:12 China mining 19:34 Cooling trends 22:53 S21 oversupply? 26:48 AISC prices not in a bull run 29:08 HPC pivots 34:46 Mad in the USA 37:22 Auradine 41:00 Dynamic ASIC market 43:12 Wrap up

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, Luxor CEO Nick Hanson joins us to discuss TeraWulf's upsized convertible note and Google boosting its WULF stake to 14%, [Micro]Strategy's flip-flop on share dilution, Applied Digital's $3B North Dakota data center expansion, Riot shedding its Bitfarms stake below 5%, and the latest memecoin spectacle, Kanye West's Yeezy Money launch on Solana. Subscribe to our newsletter!  **Notes:** • Hash price sits at $55/PH/day, down significantly • TeraWulf market cap hits $3.6B after Google deal • Applied Digital announces 280MW data center • Riot divests BitFarms stake below 5% • Yeezy coin reaches $2B market cap briefly • MicroStrategy changes dilution guidance rules Timestamps: 00:00 Start 02:04 CEO stepping down 03:29 Mining only, no HPC 05:36 More management changes? 08:26 Operations & cashflow 12:36 Colorado Air Filter 16:21 ASIC purchases 19:06 Status of 10 exahash 22:08 Cleanspark 22:38 Debt & growth 27:31 Treasury strategy

Welcome back to The Mining Pod! Today, Vuk Vuković, economist and co-founder of Oraculum Fund, joins us to talk about Jackson Hole expectations, Fed Chair Powell's next moves, Trump's pressure for rate cuts, tariff negotiations, and why Bitcoin now trades like a traditional risk asset. Vuković shares insights from his fund's unique crowd-sourced prediction methodology that accurately called Trump 2016 and Brexit. Fill out the Orca Survey! https://survey.oraclum.co.uk/ Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Orca Fund grew from $700K to $75M in 2.5 years • Fund targets 30% annualized returns via volatility • US debt-to-GDP ratio now 120% vs 25% in 1970s • Markets pricing in September Fed rate cut • Bitcoin correlation with Nasdaq hurts hedge value • Gold replacing bonds in 60/40 portfolios Timestamps: 00:00 Start 01:36 Vuk Vuković intro 03:36 Value of Volatility 05:02 Methodology 08:25 Jackson Hole Thoughts 11:14 Colorado Air Filter 12:15 Cutting rates 15:18 Powell Predictions 16:10 Companies Absorbing Tariffs 17:33 Equities Market 22:01 What's the Market Pricing In? 23:49 BTC September Dips 25:39 Prediction Markets 26:10 Cleanspark 26:38 Risk Assets 28:29 Gold 30:34 Hedging Strategy 31:59 Tariffs 35:58 Strategy of Rate Cuts 37:18 BTC Price Drop?

What does CleanSpark's leadership transition mean for the bitcoin miner?Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenewsWelcome back to The Mining Pod! Today, Harry Sudock from CleanSpark joins us to talk about the company's major leadership transition with CEO Zach Bradford's departure and Matt Schultz taking the helm. We dive into CleanSpark's impressive growth to 50 EH/s, their pure play mining strategy versus the industry's pivot to HPC/AI, and how they're managing a $680M convertible bond. Harry shares insights on fleet efficiency, power portfolio optimization, and the strategic optionality their strong cash flow provides. Subscribe to our newsletter! **Notes:**CleanSpark hits 50 EH/s installed capacity$680M convertible bond raised in DecemberOver 1 gigawatt power under contractCEO transition after 6 years leadershipStrong cash flow drives optionalityCoinbase credit line for tactical movesTimestamps:00:00 Start02:04 CEO stepping down03:29 Mining only, no HPC05:36 More management changes?08:26 Operations & cashflow12:36 Colorado Air Filter16:21 ASIC purchases19:06 Status of 10 exahash22:08 Cleanspark22:38 Debt & growth27:31 Treasury strategy

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, Harry Sudock from CleanSpark joins us to talk about the company's major leadership transition with CEO Zach Bradford's departure and Matt Schultz taking the helm. We dive into CleanSpark's impressive growth to 50 EH/s, their pure play mining strategy versus the industry's pivot to HPC/AI, and how they're managing a $680M convertible bond. Harry shares insights on fleet efficiency, power portfolio optimization, and the strategic optionality their strong cash flow provides.  Subscribe to our newsletter!  **Notes:** CleanSpark hits 50 EH/s installed capacity $680M convertible bond raised in December Over 1 gigawatt power under contract CEO transition after 6 years leadership Strong cash flow drives optionality Coinbase credit line for tactical moves Timestamps: 00:00 Start 02:04 CEO stepping down 03:29 Mining only, no HPC 05:36 More management changes? 08:26 Operations & cashflow 12:36 Colorado Air Filter 16:21 ASIC purchases 19:06 Status of 10 exahash 22:08 Cleanspark 22:38 Debt & growth 27:31 Treasury strategy

Proto is changing the game with its new ASIC miner, Rig, and MARA takes a majority stake in an AI/HPC company tied to France's government-run power provider. Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenewsWelcome back to The Mining Pod! Today, Colin and Matt cover Proto's groundbreaking new ASIC miner, Terawulf's $3.7B Google-backed HPC deal, Ethiopia's bitcoin mining ban, and Monero's 51% attack. Subscribe to our newsletter! **Notes:**• Proto Rig: 14.1 J/TH, 800 TH/s, swappable hashboards• Terra Wolf: $3.7B deal, Google 8% stake• Bitcoin hit $124K ATH, down to $117.9K• Hash price: $57.89 per PH/day• Mara acquires 64% stake in Exaion for $168M• Monero down 18% after miner attackTimestamps:00:00 Start03:09 Difficulty Report by Luxor08:02 Proto Event14:51 MARA stake in Exaion18:36 Cleanspark19:05 Terawulf 200 MW HPC deal23:15 Ethiopia mining ban27:24 Cry Corner- Monero 51% attack

Oregon and Washington should be havens for bitcoin miners, but red tape and a lack of curtailment programs are holding the states back. Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenewsWelcome back to The Mining Pod! Today, Beau Turner, the CEO and co-founder of Abundant Mines, joins us to talk about Pacific Northwest Bitcoin mining. Oregon and Washington have some of America's lowest power rates thanks to abundant hydropower, but there's less mining in the region than you might think. Beau explains the barriers keeping hashrate from the PNW, 9.9MW capacity limits, Oregon's burgeoning curtailment programs, AI competition for power, and how early miners "poisoned the well" in 2018.Subscribe to our newsletter! **Notes:**• Oregon industrial power: 6-8¢/kWh• Pacific NW has 200-500MW mining capacity• BPA limits sites to 9.9MW blocks• 100% bonus depreciation now available• Texas has several gigawatts vs PNWTimestamps00;00;00;00 Start00;03;28;00 Starting Abundant Mines00;08;59;09 Pacific Northwest Mining00;11;24;24 Why not more PNW mining?00;16;34;12 Industry prospects00;19;50;29 Smaller is better in PNW00;22;27;28 Hydro generation00;24;20;29 Cleanspark00;24;49;26 Oregon curtailment00;28;30;23 Power purchase agreements00;32;09;29 Bitcoin is for Everyone00;34;05;21 Changes since the halving00;36;44;25 Depreciating equipment00;41;57;05 ASIC prices00;46;20;21 Peak US hashrate?00;51;30;23 Wrap up

No, China is not banning bitcoin mining again.Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenewsWelcome back to The Mining Pod! Today, Will, Colin, and Matt touch on Bitcoin's hashrate hitting an all-time high of 972 EH/s, Trump's proposed 100% semiconductor tariffs, false Chinabitcoin mining ban rumors, MicroStrategy's 2.5x NAV share issuance rule, and tracking down a $3.5B mining pool heist (now worth $14.5B!) four years later.Subscribe to our newsletter! **Notes:**• Hash rate reaches 972 EH/s all-time high• 1.4% difficulty adjustment expected • Hash price at $58 per PH/day• 100% semiconductor tariff proposed• China controls 13-14% of network hash• $3.5B mining pool heist now worth $14.5BTimestamps:00:00 Start02:36 Difficulty Report by Luxor07:41 Tariffs... again13:59 No, China is not banning bitcoin mining again21:56 MSTR will no longer issue equity under 2.5x mNAV33:25 Cry Corner: Mining pool heist

The BitAxe craze has sparked a whole new generation of pleb mining.Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenewsWelcome back to The Mining Pod! Today, Nolan and Donny join us to talk about the BitAxe pleb mining revolution, home mining setups, BitAxe device modifications, the lottery aspect of solo mining, heating applications, and why these small miners are becoming the best educational tool for understanding Bitcoin mining from the ground up.Subscribe to our newsletter! **Notes:**• Gamma miners run at 1.2 TH/s using 15-20W• Nerd QX++ delivers 4.8 TH/s stock performance• BitAxe costs under $100 per terahash• One in 260 million daily block chanceTimestamps:00:00 Start03:07 Nolan background05:35 BX Gamma miner07:10 Donny background11:15 Typical pleb miners19:26 Reasons for mining23:06 Cleanspark23:35 Heating Texas apartment28:09 Personal mining setups29:28 NerdQ Axe ++ (modification)45:41 Hardware talk55:35 Efficiency improvements57:27 Parasite Pool1:00:51 Wrap up

MARA beat expectations for Q2, the SEC approves in-kind BTC ETFs, and Bitmain is shipping more raw materials to the U.S.Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenewsWelcome back to The Mining Pod! Today, Colin and Matt dive into Mara's Q2 earnings, the SEC's approval of in-kind Bitcoin ETF redemptions, Bitmain onshoring manufacturing to the US, and JPMorgan's prediction that pure play miners will outperform HPC hybrids as the field becomes oversaturated with AI pivots.Subscribe to our newsletter! **Notes:**• Mara revenue up 12% to $238.5M in Q2• Bitcoin at $118k with hash rate at 900 EH/s• Hash price around $58.70/PH/day• Fees represent only 1% of block subsidy• Bitmain shipped 187 tons of parts to US• SEC approves in-kind BTC ETFsTimestamps:00:00 Start02:24 Difficulty Report by Luxor06:21 MARA Q2 earnings call14:29 Cleanspark15:01 SEC in-kind Bitcoin ETF approval20:43 Bitmain is shipping in Antminer parts to the US28:30 Pure-play miners to outperform as HPC hybrids