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Fred Thiel is the Chairman & CEO of Marathon Digital Holdings (NASDAQ:MARA), a digital asset company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. This conversation was recorded at Bitcoin Investor Week In New York. In this conversation we talk about what Marathon Digital currently does, AI vs bitcoin mining, evaluating what is happening at the nation state level, gold vs bitcoin mining, hardware in bitcoin mining, and what Marathon Digital plans to do in the future.=======================BitcoinIRA: Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Take 3 minutes to open your account & get connected to a team of IRA specialists that will guide you through every step of the process. Go to https://bitcoinira.com/pomp/ to earn up to $500 in rewards.=======================Core is the leading Bitcoin scaling solution, enabling you to lock in yield by locking up your Bitcoin. Simply lock it on the Bitcoin blockchain to secure the Core network, and get rewards. No bridging. No lending. Just holding. Still your keys. Still your coins. Now your yield. Start at stake.coredao.org/pomp.=======================Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/=======================View 10k+ open startup jobs:https://dreamstartupjob.com/Enroll in my Crypto Academy: https://www.thecryptoacademy.io/
MARA wants to have 50% of its operations abroad by 2028. Here's how they plan to do it.You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 8,000 Bitcoiners: https://newsletter.blockspacemedia.comWant 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.• 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 modelsTimestamps:00:00 Start03:53 MARA lowering OpEx06:24 Trend toward owned assets09:01 Zero cost mining14:17 Debt financing BTC purchases19:27 Considering power production22:01 Foreign mining sites27:08 Has Africa been sufficiently de-risked?30:25 Free-er energy markets vs controlled33:57 Auradine40:40 AI & HPC
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
Fred Thiel, Chairman and CEO of Marathon Digital, dives us into the world of blockchain and cryptocurrency mining. Fred discusses the technological advancements in Bitcoin mining, including significant improvements in energy efficiency, and provides insights into the future of Bitcoin, predicting substantial growth in its value and its linkages with AI inference data centers. He also explains the relationship between Bitcoin and global economic factors, the potential for regulatory changes, and the evolving role of cryptocurrencies in both developed and developing markets, highlighting Bitcoin's growing role as a store of value and a driver of financial sovereignty in the digital age. CHAPTERS 00:00 Understanding Bitcoin Mining and the Bitcoin Network 11:05 The State of the Blockchain and Crypto Industry Today 18:28 Bitcoin as a Store of Value and Inflation Hedge 24:51 Bitcoin's Role in the Developed and Undeveloped World 30:26 Bitcoin and Cryptocurrencies: Financial Survival and Self-Sovereignty 33:17 Bitcoin Mining: Utilizing Excess Energy and Playing a Crucial Role 47:55 Bitcoin and AI: Intersecting as a Source of Truth and Power-Hungry Systems 51:43 Marathon: Building Symbiotic Relationships with AI Operators and Supplying Infrastructure 54:01 The Political Landscape: Republicans More Supportive, Democrats Showing Some Softening 59:07 Bitcoin's Price Predictions: Over $10 Million by 2034 and North of $5-7 Million in 10 Years LINKS https://www.mara.com/ https://auradine.com/ https://unchainedcrypto.com/the-bitcoin-genesis-block-was-mined-15-years-ago-what-is-it-and-why-is-it-significant/ https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-price-prediction-2024/
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In this Bitcoin Halving special episode powered by Bitdeer Technologies Group (NASDAQ: BTDR), we host a roundtable with five leaders from public mining companies: Fred Thiel, CEO of Marathon Haris Basit, Chief Strategy Officer at Bitdeer Technologies Group Tyler Page, CEO of Cipher Mining Zach Bradford, CEO of CleanSpark Nazar Khan, Co-Founder, CTO and COO of TeraWulf TOPICS: Bitcoin halving (past, present, future) Mining revenue shock Energy use and sustainability Risks of centralization with mining pools and manufacturers of chips & ASICs Competition with AI for electricity Why invest in a public mining company? Regulatory challenges The future of Bitcoin Filming Location: Human Rights Foundation HQ in New York City Video Production: Jeremy Poley at Bitcoin Magazine ---- Coin Stories is powered by Bitdeer (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com. ---- Natalie's Promotional Links: Bitcoin Nashville is July 25-27th! Join me for my 3rd Annual Women of Bitcoin Brunch! Get 10% off your conference passes using the code HODL: https://b.tc/conference Buy Bitcoin, secure it through multisig collaborative custody, start a Bitcoin IRA or take out a Bitcoin loan with UNCHAINED: https://shorturl.at/jmW29 promo code Natalie Safely self-custody your Bitcoin with Coinkite and the ColdCard Wallet. Get 5% off: https://shorturl.at/apsLU Master your Bitcoin self-custody with 1-on-1 help and gain peace of mind with the help of The Bitcoin Way: https://www.thebitcoinway.com/partners/natalie-brunell Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America's most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie Don't waste hundreds of dollars per month on fiat health insurance. Join me at CrowdHealth, a large community of Bitcoiners passionate about health who crowdfund each other's care: www.crowdhealth.com/natalie Connect with Bitcoiners and Bitcoin merchants wherever you live and travel on the Orange Pill App: https://shorturl.at/gvxS3 ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories ---- #money #Bitcoin #investing
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Join Fred Thiel, CEO of Marathon Digital Holdings, as we unravel the Bitcoin frenzy in this podcast. From how Bitcoin gets halved to the impact of ETFs on mining, we cover it all. Discover the future of mining, AI's power demands, and even mining Bitcoin in Teslas, in this fascinating exploration of digital currency Fred Thiel: https://twitter.com/fgthiel ►► Sponsored by iTrust Capital Invest in Bitcoin, Crypto Assets & Gold with Your IRA Using iTrust Capital.
On today's episode Jason is joined by Fred Thiel, Chairman and CEO at Marathon Digital Holdings. Together they explore the world of Bitcoin mining, They dig into the current state of Bitcoin mining, including the competitive landscape, access to capital and equipment, and energy costs. They discuss how miners provide grid stabilization services to utilities by controlling electricity demand and the dynamics around Bitcoin's 4-year cycles, and how the industry will likely consolidate given tightening profit margins. Hear all of this and much more! - - Follow Fred: https://twitter.com/fgthiel Follow Jason: https://twitter.com/JasonYanowitz Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Arbitrum is a game-changer for daily Ethereum's users and developers, offering top applications and lower fees. As the leading scaling solution with 600+ apps, explore Arbitrum's Portal to find your perfect fit. Interact with the home of DeFi, a flourishing NFT and creator ecosystem, and a rapidly growing Web3 gaming hub – Arbitrum has it all. Get started at: portal.arbitrum.io - - Harpie is the most advanced on-chain security solution for monitoring and protecting your crypto wallet from theft in real time. Harpie detects, blocks, and recovers compromised assets from malicious transactions before they execute, and is the only security tool to also protect users from off-chain signature attacks like the recent Ledger Connect Kit exploit. Secure your wallet for free at harpie.io. - - Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks. Use the link below to learn more, and use EMPIRE10 to get 10% off your ticket! Sign up now because the price goes up every month. See you there! institutional conference in crypto, hosted by Blockworks. Use the link below to learn more, and use EMPIRE10 to get 10% off your ticket! Sign up now because the price goes up every month. See you there! Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home - - Timestamps: (00:00) State of Bitcoin Mining (16:00) The Business of Mining (25:24) Geopolitical and Macro Risks on Power Rates (27:42) Importance of Self Power Generation (33:18) Arbitrum Ad (34:05) Harpie Ad (35:20) How do you Navigate the Complexities of Utilities (41:19) Corporations Acquiring Bitcoin (47:38) State of Bitcoin Hashrate (51:49) Prevalance of Leverage in Mining (59:02) Growth of Bitcoin Mining - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
Fred Thiel is the Chairman & CEO of Marathon Digital Holdings (NASDAQ:MARA), a digital asset company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. In this conversation, we talk about energy harvesting, brand new bitcoin mining sites, bitcoin halving, hashrate, outlook for 2024, and more. ======================= This episode is brought to you by Frec — Just as easy as investing in an ETF, Frec Direct Indexing can help you earn more by unlocking tax savings, no matter the market. Done for you, automatically. Check them out at Frec.com ======================= Base is making it their mission to bring a billion people onchain. But what exactly is Base? It's an Ethereum L2 offering a seamless experience for both builders and users. With near-zero gas fees and rapid transaction speeds, Base is shaping the future of the onchain world. Base is a canvas for everyone, with hundreds of apps in the Base ecosystem, whether you're an emerging creator, a seasoned developer, or someone exploring the onchain space for the first time, Base is designed to bring your ideas to life. So, if you're looking for a platform where the future of onchain is being built daily, Base is your destination. Join in and make onchain the next online. Learn more at base.org and follow along on Twitter at @BuildOnBase to see cool things to do onchain, everyday. ======================= Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/
Sam sits down with Fred Thiel, CEO at Marathon Digital to talk about the upcoming Bitcoin supply halving, how Marathon is positioning itself to be one of the largest mining companies in the world in 2024, and what the new Bitcoin spot ETFs mean for investors in mining stocks.Connect with Sam:Sam Callahan: https://twitter.com/samcallahConnect with Fred: https://twitter.com/fgthielTimestamps:00:00:00 “Swan Signal” Intro00:01:39 Introducing “Fred Thiel”00:02:00 Bitcoin ETF & Rotation of Mining Stocks, MicroStrategy00:05:04 Investors Getting Exposure to “Bitcoin”00:08:37 FASB Accounting Rules00:10:45 “Marathon Digital” Acquiring Additional Mining Sites00:15:58 How “Marathon” is Positioning for the “Bitcoin Halving”00:19:15 Energy Efficiency with Miners00:22:27 Will Miners Continue to Get Exponentially Better Per Cycle?00:26:46 Responding to, “Bitcoin Waste a Full Swimming Pool of Water”00:28:40 Decentralization in Bitcoin Mining00:34:16 Sovereign-Nations Interest in Mining Bitcoin00:39:14 Bitcoin Mining-Pools00:43:01 A.I. & Bitcoin00:49:30 “Bitcoin After the Halving” - A 12 Month Outlook for Bitcoin00:55:52 How to Connect with “Fred Thiel” and “Marathon Digital Holdings”00:57:11 “Swan Signal” OutroConnect with Swan Bitcoin: YouTube: https://youtube.com/@Swan_Bitcoin Twitter: https://twitter.com/Swan Instagram: https://instagram.com/SwanBitcoin Telegram: https://t.me/swanbitcoin LinkedIn: https://linkedin.com/company/swanbitcoinSwan Bitcoin does not provide any investment, financial, tax, legal or other professional advice. We recommend that you consult with financial and tax advisors to understand the risks and consequences of buying, selling and holding Bitcoin. Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Start your Bitcoin journey today, and your first $10 purchase is on us https://swanbitcoin.com/yt Download the all-new Swan Bitcoin App https://www.swanbitcoin.com/app/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Get your ticket for the Pacific Bitcoin Festival 2023 before prices increase! https://www.pacificbitcoin.com/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Secure your bright orange future with the Swan IRA today! Real Bitcoin, no taxes https://www.swanbitcoin.com/bitcoin-ira/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description For high-net-worth individuals and corporations seeking to build generational wealth with Bitcoin, Swan Private is your guide https://www.swanbitcoin.com/private/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Want to learn more about Bitcoin? Check out the Bitcoin Canon a curated list of the best Bitcoin resources from your favorite experts https://swanbitcoin.com/cannon/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Get paid to recruit new Bitcoiners by joining Swan Force https://www.swanbitcoin.com/enlist/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description
For this week's news episode, Jacquelyn dove back into the latest developments on spot bitcoin ETF applications in the U.S. as anticipation builds. Fred Thiel, the CEO of Marathon Digital Holdings, a digital asset technology company and largest publicly traded bitcoin mining firm, joined to help break down the latest developments on spot bitcoin ETFs. As it stands, there's 14 asset management firms including BlackRock, Fidelity, Grayscale and VanEck, hoping to individually win approval from the U.S. Securities and Exchange Commission for their spot bitcoin ETFs. And some reports are now saying it might happen soon given the frequent meetings and updated filings in recent weeks. We also discussed what a spot bitcoin ETF could mean for investors, institutions and miners, as well as bitcoin's price. Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.
On this episode of Swan Signal, Sam sits down with Marathon CEO Fred Thiel to discuss new innovations in Bitcoin mining, how Marathon is expanding its operations globally, why he is bullish on recycling heat from miners, and why he chose to focus his time and efforts on Bitcoin.Timestamps:00:00:00 “Swan Signal Live” Intro00:01:29 Politicians Supporting Bitcoin00:04:22 Positive Sentiment Shift on Bitcoin00:06:19 Grid Stabilization with Bitcoin Mining00:08:33 “Renewable, Off-Grid Energy from a Landfill”00:10:44 Abu Dhabi Mining Project00:13:57 Marathon Growing Internationally00:17:39 Is the “Bitcoin Halving” Priced In?00:21:42 Recessionary Pressures and Cost Curve Control00:23:10 Why is Bitcoin Important to Fred Thiel?00:27:30 “Swan Signal Live” Outro Setting the pace for the Bitcoin mining industry. https://www.mara.comConnect with Fred and Sam:Sam Callahan: https://twitter.com/samcallahFred Thiel: https://twitter.com/fgthiel"Welcome to Bitcoin"A FREE 1-hour course hosted by Natalie Brunell, perfect for helping you to orange-pill family members over the holidays at https://Swan.com/welcome Connect with Swan Bitcoin: YouTube: https://youtube.com/@Swan_Bitcoin Twitter: https://twitter.com/Swan Instagram: https://instagram.com/SwanBitcoin Telegram: https://t.me/swanbitcoin LinkedIn: https://linkedin.com/company/swanbitcoinSwan Bitcoin does not provide any investment, financial, tax, legal or other professional advice. We recommend that you consult with financial and tax advisors to understand the risks and consequences of buying, selling and holding Bitcoin. Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Start your Bitcoin journey today, and your first $10 purchase is on us https://swanbitcoin.com/yt Download the all-new Swan Bitcoin App https://www.swanbitcoin.com/app/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Get your ticket for the Pacific Bitcoin Festival 2023 before prices increase! https://www.pacificbitcoin.com/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Secure your bright orange future with the Swan IRA today! Real Bitcoin, no taxes https://www.swanbitcoin.com/bitcoin-ira/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description For high-net-worth individuals and corporations seeking to build generational wealth with Bitcoin, Swan Private is your guide https://www.swanbitcoin.com/private/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Want to learn more about Bitcoin? Check out the Bitcoin Canon a curated list of the best Bitcoin resources from your favorite experts https://swanbitcoin.com/cannon/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Get paid to recruit new Bitcoiners by joining Swan Force https://www.swanbitcoin.com/enlist/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description
Fred Thiel is the CEO of Marathon Digital Holdings, a publicly traded Bitcoin mining company. In this interview we discuss:- What's new with Marathon's Bitcoin mining operations - Expanding mining to Abu Dhabi- Working with a Sovereign Wealth Fund - Institutional investors such as BlackRock, Fidelity, Franklin Templeton filing for Bitcoin Spot ETF - When we may see a Bitcoin Spot ETF Approval - The upcoming Bitcoin Halving in 2024
Fred Thiel is the CEO of Marathon Digital Holdings, one of the largest Bitcoin mining companies on the planet. The company holds 13,000 BTC in its corporate treasury. Why you should listen Fred Thiel discusses the role of Bitcoin mining in balancing the grid and incentivizing renewable energy. He explains how miners can use stranded energy from solar and wind farms, benefiting both the operators and consumers. Fred also addresses the narrative shift towards recognizing Bitcoin's positive impact on renewable energy sources. The conversation then shifts to the potential approval of Bitcoin ETFs by institutions like BlackRock, Fidelity, and Vanguard. Fred shares his perspective on the likelihood of these approvals happening and highlights the growing separation between Bitcoin and other cryptocurrencies in terms of narrative and risk profiles. Fred emphasizes Marathon's preparedness for the upcoming Bitcoin halving, regardless of whether prices go up or down, due to their reserves and efficient mining operations. Supporting links Coinsbee Marathon Digital Holdings Andy on Twitter Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
Joe Burnett is joined by Fred Thiel, CEO of Marathon Digital Holdings, to discuss what its like managing one of the largest publicly traded Bitcoin mining companies in the world. Joe & Fred dive deep into various topics surrounding Bitcoin mining. Including: Jason Lowrey's 'Softwar' thesis, JV in UAE, how miners can endure BTC's volatility, and more! ⛏️Start mining Bitcoin today with the Blockware Marketplace: https://marketplace.blockwaresolutions.com/marketplace Upgrade your security by hammering your Bitcoin seed phrase into titanium plates using Stampseed. Use Coupon Code "BLOCKWARE15" for 15% off sitewide. https://stampseed.com/?mtm_campaign=blockware Follow us on Twitter: Joe: https://twitter.com/IIICapital Tuur: https://twitter.com/tuurdemeester Blockware: https://twitter.com/BlockwareTeam 00:00 Intro 01:02 Blockware Marketplace 01:47 Managing one of the largest public mining companies in the world 03:10 Enduring bear markets 06:01 Household wealth is falling, is the worst behind us? 08:36 Bitcoin ASICs as an asset, nation-states mining Bitcoin 13:16 Jason Lowrey: Softwar 16:48 How $MARA decides whether or not to HODL 22:33 Air Cooled vs Immersion Mining 24:55 Bitcoin Narratives Changing 31:49 Was the bear market actually good for Bitcoin? 35:16 2024 Bitcoin Halving 39:23 Long term plan for $MARA 41:34 JV in UAE 47:38 Why has Bitcoin not been volatile recently?
Episode 89: On today's show I speak with Fred Thiel, CEO of MARA - Marathon Digital Holdings. MARA is the largest BTC holder of publicly traded companies in North America as well as one of the leading Bitcoin Miners. We discuss how MARA differentiates itself by investing in the most advanced technologies, vertically integrating their technology, taking an investment portfolio approach and diversifying their holdings geographically and outsourcing their hosting. MARA is decentralized just like Bitcoin. Join us as we Think Outside The Blocks! ➡️Visit MARA: https://www.mara.com/ ➡️Contact Fred Thiel: https://twitter.com/fgthiel ✨SUBSCRIBE to The RO Show Podcast!✨ https://youtube.com/@theroshowpodcast ➡️CONNECT with ROSANNA PRESTIA & The RO Show⬅️ ✨ONE SITE FOR ALL: https://sociatap.com/RosannaPrestia ✨YOUTUBE: https://youtube.com/@TheROShowPodcast ✨TWITTER: https://www.twitter.com/@rosannainvests ✨TWITTER: https://www.twitter.com/@theroshowpod ✨WEBSITE: https://www.rosannaprestia.com THINK Different with Rosanna ©️ 2022-2023
Fred Thiel is the Chairman & CEO of Marathon Digital Holdings, a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. In this conversation we discuss, vertically integrated technology, competition around the world, nuclear power, zero-cost energy, mining facilities, and predictions for miner revenue, hashrate, & bitcoin price in five years. ======================= Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/
In today's episode of The Metaverse Podcast, we host Fred Thiel of Marathon Digital Holdings (NASDAQ: MARA), a company committed to enhancing the Bitcoin network by sustainably increasing the computational power, also known as the "hash rate". Fred joins our host and CEO, Jamie Burke, in discussing the future of cryptocurrency and blockchain technology. If you're a Bitcoin enthusiast, blockchain innovator, or a technology futurist, be sure to tune in to: Learn about Fred's unique leadership philosophy which empowers teams to execute a shared vision. Gain insights into the future of Bitcoin mining, particularly its dependence on widespread adoption. Delve into the complexities of Bitcoin from an accounting perspective, understanding the various challenges and opportunities it presents. Understand the impact of ETFs and the role of adoption in influencing Bitcoin's market dynamics. Broaden your horizons regarding the vast opportunities for blockchain beyond financial applications, such as gaming, identity management, healthcare data management, and title management. Comprehend the differing regulatory approaches towards crypto across various regions, noting that Europe and the UK have taken a proactive stance, offering a defined framework or "sandbox" for innovation, while the US has been more reactive. #BITCOIN #Bitcoinmining #cryptoregulation #nasdaq #mara #blockchain ------------ Whether you're a founder, investor, developer, or just have an interest in the future of the Open Metaverse, we invite you to hear from the people supporting its growth. Outlier Ventures is the Open Metaverse accelerator, helping over 100 Web3 startups a year. You can apply for startup funding here - https://ov.click/pddsbcq122 Questions? Join our community: Discord - https://ov.click/pddssodcq122 Telegram - https://ov.click/pddssotgq122 Twitter - https://ov.click/pddssotwq122 LinkedIn - https://ov.click/pddssoliq122 More - https://ov.click/pddslkq122 For further Open Metaverse content: Listen to The Metaverse Podcast - https://ov.click/pddsmcq122 Sign up for our quarterly live events at - https://ov.click/pddsdfq122 Check out our portfolio - https://ov.click/pddspfq122 Thanks for listening!
Fred Thiel is an outspoken advocate for crypto mining who is not afraid to comment on the moves regulators are making within the industry. Let's dive into what Marathon Digital is up to amid the tumultuous crypto and crypto mining industry news and Fred's take on regulators' recent moves. Fred Thiel is the CEO of Marathon Digital Holdings (NASDAQ:MARA), a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. [00:00:19] Bitcoin Wallet Growth. [00:03:26] Stranded Energy. [00:06:42] Bitcoin mining and the environment. [00:10:13] Renewable energy transmission lines. [00:13:23] Energy crisis in South Africa. [00:16:25] Bitcoin mining and renewable energy. [00:21:09] Bitcoin's Future Development. [00:23:14] Bitcoin infrastructure development. [00:27:13] Trust in the integrity of Bitcoin. [00:31:32] Bitcoin's altruistic origins. [00:33:11] Bitcoin pool centralization risk. [00:36:21] Bitcoin's risk-adjusted return. [00:23:09] The future of finance.
How sustainable is the process that has attracted so much scrutiny, both environmentally and financially? Fred Thiel, CEO of Marathon Digital, joins Ash Bennington for a breakdown of how the bitcoin mining industry is faring after a tumultuous year and amid heightened concerns over its environmental impact. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Fred Thiel is the CEO of Marathon Digital, a leading Bitcoin miner in the US. In this episode, we discuss the correlation between Bitcoin price and the hash rate, the geography of Bitcoin mining, the reasons why Russia is starting to play a significant role in the industry, the environmental issues of crypto mining, and much more! https://twitter.com/fgthiel ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS.
Today we discuss Marathon Digital's playbook including its relationship with Applied Digital after the Compute North bankruptcy, movement into the UAE, S19 XP purchases and increasing mining efficiency under its hosted model. Thanks to Amanda Cavaleri for her help in making these shows possible. https://marathondh.com/ https://twitter.com/MarathonDH Fred Thiel: https://twitter.com/fgthiel Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:26 Current business strategy 08:28 The hosting model 12:31 Mining in the UAE 16:00 Energy sources in UAE 17:31 Antminer S19XP upgrades 19:47 Immersion mining 23:25 Maintaining sites 25:20 USBTC & Hut 8 26:40 Partnering behind the meter MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg Anchor https://bit.ly/3rmb7UF Fountain https://bit.ly/3NeNTec RSS https://bit.ly/3chpULV LEARN Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD FOLLOW Twitter: https://twitter.com/compass_miningLinkedIn: https://www.linkedin.com/company/compassmining
Fred Thiel is the CEO of Marathon Digital Holdings – one of the largest bitcoin mining companies in North America. Prior to this, Fred co-founded Sprocket, a blockchain and cryptocurrency technology and financial services company that focused on creating a single aggregated global trading marketplace. Before that, Fred served as CEO of Local Corporation, a Nasdaq-listed leader in online local search and digital media. Outside of these roles, Fred has founded and run numerous tech companies both in hardware and software. This week's podcast covers attempts at building a crypto exchange, how mining helps move to renewable energy, thoughts on FTX, and much more.
On this episode of Café Bitcoin we catch up on the latest bitcoin news, Elon buying twitter, Core Scientific and other miners going through the “nuclear winter” and Fred Thiel joins us from Marathon Digital. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Hello and welcome to The Café Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. We're excited to announce we are bringing the The Café Bitcoin conversation from Twitter Spaces to you on this show, The Café Bitcoin Podcast, Monday - Friday every week. Join us as we speak to guest like Max Keiser, Lyn Alden, Tomer Strolight, Cory Klippsten and many others from the bitcoin space. Also, be sure to hit that subscribe button to make sure you get the notifications when we launch an episode. Join us Monday - Friday 7pst/10est every Morning and become apart of the conversation! Thank you again and we look forward to giving you the best bitcoin content daily here on The Café Bitcoin Podcast. Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Get your tickets today at https://PacificBitcoin.Com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin
Fred Thiel visits the Bitcoin Magazine Podcast to update us on what it's like to be a publicly traded Bitcoin miner during today's bear market and what moves Bitcoin miners can make to better secure their future while navigating bear markets. Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount! https://b.tc/conference/2023 Use promocode: BMLIVE for 10% off everything in our store! https://store.bitcoinmagazine.com/
Who doesn't love a sequel? Raymond Hawkins sure does, and back by popular demand for another episode of fantastic industry insights, Fred Thiel, CEO of Marathon Digital Holdings, joined the Hawk to talk about all sorts of things. Top of mind was how current events are shaping the crypto community and how crypto could impact the events unfolding in Europe. The current state of affairs could provide a new test for digital currency. Thiel pointed out in past wars; displaced citizens did not have many options for moving their money. “Crypto provides a unique thing in this world where sanctions have become essentially a weapon and weaponized,” Thiel said. In the matter of the war in Ukraine, the United States and its allies have used sanctions to shut off Russian access to banks. The only other bearer asset available for many people and businesses in this scenario is Bitcoin and other cryptocurrencies. One might ask if Crypto is a solution to transferring assets, could Russia use crypto to avoid sanctions? Thiel said that the daily trading of cryptocurrency and the total market cap prevents this idea from being scalable. “As a tool for sanction evasion, Bitcoin is not a good option,” Thiel stated. Since the start of the war in Ukraine, one trend is the decoupling of the correlation between bitcoin and equities. “All of a sudden, now there was a real use case for bitcoin that was very actual and urgent, and so you started seeing bitcoin move in the opposite direction of equities. Even bitcoin-related stocks which track the price of bitcoin started moving separately. So, there were days when the Dow and the Nasdaq would go down, yet bitcoin would go up, and you saw the Nasdaq-traded, bitcoin-related stocks, Like Marathon, for example, move in lockstep with bitcoin.”
Marathon Digital produced a “record” 1,259 bitcoins during the first three months of 2022. Yet the US-based bitcoin mining firm reported a Q1 net loss of $13 million, largely due to the decline in bitcoin's price since last year's highs. Despite falling short on revenue estimates, Marathon CEO Fred Thiel claims that the current cost for his company to produce one bitcoin via mining is “about $6,250,” giving the firm plenty of margin before they would need to consider scaling down their operation. In this episode of The Scoop, Fred Thiel sits down with host Frank Chaparro to discuss the intricacies of effectively managing a bitcoin mining company, along with Marathon's growth over the years. As Thiel explains during the interview, there are three main considerations when it comes to operating a bitcoin mining company: “There are really three things we worry about: the price of Bitcoin, the cost of power, and our ability to deploy and then access hardware. Capital is important, too, but those are the three KPIs we look at all day long.” While the price of bitcoin will always be prone to fluctuation, the energy cost for bitcoin miners is typically predictable since it is purchased on long-term contracts. As Thiel explains: “Just like the airline industry will hedge their fuel purchases by buying futures on fuel, when we write a hosting agreement, we are locking in a fixed price for five years. So our cost of hosting, which is energy hosting, services, etc., is locked in a little over $0.04 a kilowatt hour for five years. And our energy provider has to take out the hedges to make sure that they're not upside down on the energy cost.” The third consideration — the ability to deploy and access hardware — is often a bottleneck for Marathon, because the company has to wait on government bodies to approve operational permits. Episode 50 of Season 4 of The Scoop was recorded remotely with The Block's Frank Chaparro and Fred Thiel, Chair and CEO at Marathon Digital. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Fireblocks, Coinbase Prime & Cross River Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com. About Coinbase Prime Coinbase Prime is an integrated solution that provides institutional investors with an advanced trading platform, secure custody, and prime services to manage all their crypto assets in one place. Coinbase Prime fully integrates crypto trading and custody on a single platform, and gives clients the best all-in pricing in their network using their proprietary Smart Order Router and algorithmic execution. For more information, visit www.coinbase.com/prime. About Cross River Cross River is powering today's most innovative crypto companies, with banking and payments solutions you can rely on, including fiat on/off ramp solutions. Whether you are a crypto exchange, NFT marketplace, or wallet, Cross River's API-based, all-in-one platform enables banking as a service, ACH & wire transfers, push-to-card disbursements, real-time payments, and virtual accounts and subledgers. Request your fiat on/off ramp solution now at crossriver.com/crypto.
This week, Brad dives into the world of crypto mining and how energy plays a critical role in the rise of this technology. To understand how blockchain and cryptocurrencies work, and their relationship with electricity use, Brad is joined by Thomas Mapes, Sr. Policy Analyst at the Chamber of Digital Commerce, and Fred Thiel, Chairman & CEO at Marathon Digital Holdings.
Bitcoin miner Marathon Digital Holdings plans to relocate its coal-powered Hardin mining facility in the US state of Montana to a more sustainable location. This is part of its efforts to reduce its carbon footprint by using non-carbon emitting sources of energy for its operations. Marathon Digital eyes sustainable energy sources According to the CEO, Fred Thiel, the company is dedicated to ensuring that it employs sustainable mining practices as soon as possible. “With the majority of our fleet already scheduled to be deployed at renewable power facilities and deployments currently underway, we believe it is an appropriate time to transition our legacy operations away from fossil fuel generation and towards more sustainable sources of power,” he said. Beowulf hosts the Hardin mining facility and owns the coal power plants powering them. According to Marathon, it plans to transition to a carbon-neutral energy source by this year's third quarter. While the company did not provide information about where it's planning to relocate or the kind of energy it will adopt, Thiel did state that its mining strategy is to deploy rigs close to sustainable energy producers, so they don't have to be on the grid. The company has previously stated that it will deploy 199,000 Bitcoin miners in 2023 as part of its goal to reach 23.3 exahash per second (EH/s). It also said that it intends to deploy 100,000 miners in Texas that will be powered mostly by solar and wind farms. Marathon has also pledged that all its operations will be carbon-neutral by the end of 2022. Green energy comes to fore for Bitcoin mining The decision to transition comes at a time when Bitcoin miners are opting for sustainable energy practices. This is a direct result of the increased scrutiny from government and environmental organizations about the impact of mining practices on the environment. Stakeholders in Europe have also urged the governments in the region to ban blockchains dependent on the proof of work consensus mechanism. However, the European Union voted against that in its crypto regulatory framework. On Monday, the Intergovernmental Panel on Climate Change (IPCC) report included crypto mining as a source of carbon emissions. Before then, Greenpeace launched a campaign “change the code, not the climate,” which aimed to reduce Bitcoin energy impacts by transitioning to a more energy-efficient consensus model. Although many have criticized this campaign, Bitcoin advocates still recognize the need for more energy efficiency. This is why more miners are working towards a sustainable environmental practice. However, some crypto advocates have opined that there has been too much attention on crypto energy consumption when Bitcoin CO2 emission is lesser than that of the global banking system and the gold industry.
Today Will speaks with Fred Thiel, a respected expert over 25 years operating experience leading companies in the cryptocurrency industry, and the CEO of Marathon Digital Holdings. This episode covers the next phase of the energy industry, applications outside of Bitcoin, and so much more. Listen to learn more! THIS EPISODE'S SPONSORS: Amerex- https://sazmining.com/amerex/ BlockFi- https://blockfi.com/sazmining TIMESTAMPS: 0:00-0:33 - Introduction 0:34-9:07 - Fred's Background 9:08-14:48 - Applications outside of Bitcoin? 14:49-19:09 - How do you look at this entire industry as a miner? 19:10-23:52 - Highlights on the deployment of miners 23:53-28:10 - What will be the next phase of the energy industry? 28:11-34:52 - How will the USA react to the mining industry? 34:53-30:11 - Future of financing in the industry 30:12-38:10 - What are the common educational gaps for your line of work? 38:11-44:02 - What is Fred most excited about? 44:03-51:44 - Bitcoin, energy & money 51:45-57:05 - One belief majority of the people would disagree with? WHERE TO FIND THE SHOW: → Website: https://sazmining.com/podcast → Apple Podcasts: https://podcasts.apple.com/us/podcast/everything-crypto-mining-the-sazmining-podcast/id1533055103 → Spotify: https://open.spotify.com/show/7rldZMBuf447UHaWyV1UtV?si=SqsAW1aESNiiSbHwWSL8oQ&dl_branch=1 → YouTube: https://www.youtube.com/channel/UCt0_Ymrq6PVZcNZP_Thvb2w LISTEN TO OLD EPISODES: → Season One: https://www.youtube.com/playlist?list=PLCcctgrDmFCN7aFLZkPRd20fNJbflXxZK → Season Two: https://www.youtube.com/playlist?list=PLCcctgrDmFCN1gX3R1uKL2bqTI-uUzTd7 SUPPORT THE SHOW: → Have an idea for a guest? Email Us: Podcast@Sazmining.com FOLLOW US: → Twitter: https://twitter.com/sazmining → LinkedIn: https://www.linkedin.com/company/sazmining-inc/ → YouTube: https://www.youtube.com/channel/UCt0_Ymrq6PVZcNZP_Thvb2w → Website: https://sazmining.com --- Support this podcast: https://anchor.fm/sazmining/support
In this episode, I will break down what happened at the Q4 Bitcoin Mining Council meeting. There were some very interesting data points that I thought were important to cover. Michael Saylor was joined by Jason Les of Riot, Darin Feinstein of Core Scientific, Nic Carter, Fred Thiel of Marathon, and Taras. I watched the entire video myself and then went back through and highlighted the most important aspects of their conversation. Thank you for tuning into Smart People Sh*t and I will see you all on the other side.--------------------------------Be sure to join the "Smart People Shit" telegram for a more in-depth discussion on what's going on in the world of bitcoin and receive exciting content that is exclusive to the followers in the Telegram.Telegram: Http://t.me/smartpeopleshit--------------------------------Host: Dennis Porter- Twitter: https://twitter.com/dennis_porter_?s=21- Articles: https://bitcoinmagazine.com/authors/d...- Website: SmartPeopleShit.comProducer: Jacob Pope- Twitter: https://twitter.com/producer_jacob?s=21--------------------------------SHOW SPONSOR:Special thanks to the team over at Bitcoiner Jobs. If you are tired of going to work and want to find more meaning in your profession, head over to https://bitcoinerjobs.co/ and apply today!--------------------------------As a side note, this podcast is not financial advice. Any opinions expressed by the Host and the Guest are strictly for educational and entertainment purposes only and should be viewed as such. This is the first of many episodes and we're aware we have a lot of room to grow. Feedback is appreciated and we will do our best to evolve with our listeners. Thank you for your support!
Web 3.0 is about to revolutionize the tech industry and change our lives… In the coming years, we'll soon enter a brave new world of 3D virtual reality, powered by sophisticated, super-fast semi-conductor chips, and populated with non-fungible tokens (NFTs) and blockchain technology. And this Web 3.0 could mean tremendous independence for individual creators. In this week's episode, Trish sits down with Fred Thiel, CEO of Marathon Digital Holdings, one of the world's largest bitcoin-mining companies. Trish and Fred talk about the sheer power of what's coming and how it may upend the traditional Internet as we know it. This is a must-listen podcast for anyone wanting to invest in your future. Find out how cryptocurrencies and blockchains will connect us all in Web 3.0. Make sure to subscribe to AmericanConsequences.com, follow Trish on Twitter @Trish_Regan, and find even more at TrishIntel.com
Fred Thiel is the CEO of Marathon Digital Holdings. We talk about his path to becoming CEO, how he focuses on adding value, his company's strategy and how being able to move fast has led him to success.
Fred Thiel dives into Bitcoin mining and infrastructure, how Bitcoin compares to the Internet boom of the 90's and advice for entrepreneurs ready to join the rapidly growing Bitcoin ecosystem. In this podcast episode, we share: How Bitcoin's price interacts with the profitability of mining What it looks like to only pay for Bitcoin miners vs. infrastructure Forming partnerships and the long term outlook for Bitcoin mining Bitcoin's role in Web 3.0 and the impact on miners Marathon Digital Holding's immediate and long term mining plans Using NFTs and Oracles to achieve 100% objectivity in data Advice for entrepreneurs or startups interested in DAOs or the Bitcoin ecosystem Impact of regulation and why Fred believes the Bitcoin blockchain provides more security and stability Exciting developments in the blockchain market around identity and healthcare data Memorable Quotes: “You have to continue to grow and expand and it's a constant race to expand...it's a really good example of a time where our business model really helps us. We're not investing capital in mining infrastructure like hosting and data centers. We just invested in miners so we can grow at a faster rate than somebody who has to also pay for their infrastructure.” “As the value of these networks grow, based on the number of users, the more users you have, the bigger market you have for any startup to address. I think it's just a question of time, and we're already seeing adoption in the blockchain world go faster than how the Internet was adopted.” Links Mentioned: Marathon Digital Holdings - https://marathondh.com/ ----------------- To make sure you never miss an episode of the Uncensored Crypto podcast, be sure to subscribe on Apple Podcasts, Spotify, Stitcher, or your favorite podcast platform. To stay up-to-date on everything you need to know in the world of crypto and the blockchain, go to DecentralPublishing.com. For exclusive footage from the groundbreaking crypto docuseries that Michael is producing, go to UncensoredCrypto.com.
Fred Thiel, CEO of Marathon Digital Holdings, one of the largest bitcoin mining operations in North America, joined host Raymond Hawkins to discuss cryptocurrency. From blockchain to bitcoin, Thiel covered it all, including all the nooks and crannies in between. “The blockchain is essentially a chain of linked blocks that each block consists of a certain number of transactions,” Thiel said. “If you think about a ledger, like your check register, if you have a checkbook and you write a bunch of checks, you write them down in your check register at the month you get a statement from your bank. So, those types of transactions are formed into blocks. The underlying software for the blockchain allows miners to do this process of assembling these transactions into blocks. Then you run a mathematical cryptographical proof on this data, and that generates a hash. And that hash has to have a certain value to it. And when it gets that hash, it then has to be equal to or less than a specific target number that the blockchain is looking for.” Miners who guess that number correctly will win the block, publish the block, other nodes validate the block, and then the miner will receive a block award. In the high-stakes game of blockchain mining, with limited numbers of bitcoin issued per day, Thiel said there is a competition to it. “If you have one miner, and you plug it in, you're not going to get a fraction of a bitcoin every day,” Thiel said. “And so what miners do is, miners, pool their miners together. And aggregating and cooperating, a group of miners in a pool, you have a more hash-rate you're contributing to the overall network, and a higher likelihood you're going to win blocks, and the block rewards can be evenly distributed amongst members of the pool.”
Marathon Digital CEO Fred Thiel (MARA) explains why his bitcoin mining company needs to buy bitcoins. Is El Salvador's cryptocurrency experiment already a failure on day one? Why Digital Ocean (DOCN) is moving into serverless computing. Match Group (MTCH) tells us how dating and sex have changed during the pandemic. Tracking the growth of Tandem Diabetes Care (TNDM) as more Americans are diagnosed with the disease. The Drill Down with Cory Johnson offers a daily look at the business stories behind stocks on the move. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode of the Unhashed Podcast, we talk AMC accepting bitcoin, infrastructure bill shenanigans, Ee-lawn Musque's take on mining energy mix, how ETFs might or might not track the BTC price, half a billion dollars in a DeFi hack, and then finish off with some movie reviews.AMC Theaters will accept the cryptocurrency bitcoin for movie tickets and concessions in the U.S. by the end of 2021, according to CEO Adam Aron, who first made the announcement during an earnings call on Monday. The theater chain will also start accepting Apple Pay and Google Pay, but there are still plenty of important questions about AMC's bitcoin bet that haven't yet been answered. 'œI've had to learn more in the past six months about blockchain and cryptocurrency than I learned about it in the entire decade before that,' Aron told members of the conference call. 'œThis increased knowledge has given me the confidence to tell you all today that AMC is hereby formally announcing on this call that by year's end we will have the information technology systems in place to accept bitcoin,' Aron continued. Aron noted that all bitcoin purchases of movie tickets and concessions would need to happen online, leaving some question about whether customers would be able to change their purchases after they showed up to the theater.A compromise crypto amendment between senators Cynthia Lummis (R-Wyo.), Pat Toomey (R-Pa.), and the U.S. Treasury failed to make it into the final version of the infrastructure bill. Today in the Senate, Senator Toomey introduced a process known as Unanimous Consent, which required zero objections to pass a motion. Although support for the compromise agreement was widespread, it failed on the objection of Senator Richard Shelby (R-AL), who objected with the request of including a $50 billion defense amendment to the bill. Then in a last-ditch effort Senator Ted Cruz (R-TX) asked for Unanimous Consent on his own amendment, which would have stricken the crypto language from the bill altogether. However, Shelby objected for the same reasons. There had been optimism this morning when the bi-partisan group of senators, which had been promoting competing agreements over the past few days, that the '˜problematic' language from the original bill would be struck before a final vote. In particular, Senators Ron Wyden (D-OE), Cynthia Lummis (R-WY), and Pat Toomey (R-PA), objected to vague language that would require any node or miner, as well as software developers, to be categorized as a '˜broker' and produce 1099s for crypto users. The compromise language would have exempted these entities to primarily focus on crypto exchanges, such as Coinbase. The failure comes on the back of widespread crypto industry rallying, including more than 40,000 calls reportedly made to Senators by the non-profit Fight for the future. With no more paths to alter the bill's language, the next step in the process is for the $1.2 trillion bill to be voted on in its entirety by the Senate, which could happen anytime. Given the bi-partisan nature of the bill, it is expected to pass. It must then be reconciled with a version produced by the 435 member House of Representatives before getting signed by President Biden and becoming law. Actual implementation of the law is expected in 2023.Tesla CEO Elon Musk said the company will likely start accepting bitcoin for vehicle purchases again. 'œIt looks like bitcoin is shifting a lot more toward renewables and a bunch of the heavy-duty coal plants that were being used...have been shut down, especially in China,' said Musk on Wednesday at The B-Word conference, an event hosted by the Crypto Council for Innovation. 'œI want to do a little more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend toward increasing that number. If so, Tesla will most likely resume accepting bitcoin,' he said. In May, Musk said on Twitter that the company would suspend vehicle purchases using bitcoin out of concern over the 'œrapidly increasing use of fossil fuels for bitcoin mining.' Since then, Beijing has cracked down on crypto, expelling the country's crypto miners, who have since begun to patriate elsewhere. New data from Cambridge University shows many miners are headed to the U.S., which is now the second-biggest destination for the world's bitcoin miners. The U.S. is home to some of the cheapest sources of power on the planet, which, more often than not, are renewable. Fred Thiel of Marathon Digital said most miners new to North America will be powered by renewables, or gas offset by renewable energy credits, and Compass CEO Whit Gibbs estimated that bitcoin mining in the U.S. is more than 50% powered by renewables. 'œLong-term, renewable energy will be the cheapest energy, but it doesn't just happen overnight,' Musk said. 'œBut as long as there is a conscious and determined, real effort by the mining community to move toward renewables, then obviously Tesla can support that.'French regulators have approved asset manager Melanion Capital to begin offering a bitcoin-tied exchange-traded fund (ETF) in the European Union. Though this asset does not have full correlation to the price of the world's number one cryptocurrency, its wide international market and 90%+ correlation marks major progress for investors' ability to gain bitcoin exposure. The struggle to create a legal, regulator-approved Bitcoin ETF has been a major ongoing development for years now. An ETF is a type of derivative that has its own value set to correspond with the value of some outside tangible or intangible asset, such as gold bullion or the growth in stocks of a specific private firm. The mechanisms of keeping this valuation on target can be a challenge, with slight fluctuations from the actual value to be expected, but complicated systems of arbitrage exist for most ETFs so that the asset managers can respond to changes in the financial world with speed and precision.Hackers allegedly breached blockchain-based platform Poly Network and extracted more than $600 million in cryptocurrencies on Tuesday, the company announced on Twitter, marking the biggest hack ever in the decentralized finance space that's heating up among investors. Crypto-exchange operators spoke out soon after the massive hack. Changpeng Zhao, the billionaire CEO of cryptocurrency exchange Binance said in tweets that the company, which serves as the primary operator of the blockchain on which binance coins are built, will coordinate with its security partners and 'œdo as much as [it] can' to help. Meanwhile, Jay Hao, the CEO of cryptocurrency exchange OKEx, said the company is "watching the flow of coins and will do [its] best to manage the situation." According to a series of tweets by Mudit Gupta, the contract with the funds on Ethereum was essentially controlled by a single key, so the "hack" may have been as simple as a custodian losing their key.
Compass discusses the growth in North American mining with CEOs of the industry's two largest public mining companies: Jason Les of Riot Blockchain and Fred Thiel of Marathon Digital Holdings. https://twitter.com/JasonLes_ https://twitter.com/fgthiel Compass Live covers everything related to bitcoin mining and relevant industry news. Subscribe and connect with us! Get Started Mining: https://bit.ly/3CehBf1 Twitter: https://twitter.com/Compass_Mining WATCH Twitch https://bit.ly/3Aok1WP YouTube https://bit.ly/3ys6sot LISTEN Apple: https://apple.co/3fNfrdi Spotify: https://spoti.fi/3tSf9G1 Anchor: https://bit.ly/3rmb7UF PocketCast: https://pca.st/bzjjlmhj RSS: https://bit.ly/3chpULV
Fred Thiel, CEO of Marathon Digital Holdings (NASDAQ: MARA) joins the show to discuss investing in bitcoin mining stocks vs directly buying bitcoin, the impact of China's bitcoin mining ban, why bitcoin mining companies are making windfall profits right now. We also discuss the Bitcoin Mining Council, his visit to the Bitcoin Miami conference, Marathon's controversial decision to signal a bitcoin block as OFAC compliant and lots more. Chapters 00:00 Introduction 01:00 Your background and your journey becoming the CEO of Marathon 13:04 What is the main product that Marathon offers to investors 15:20 When did you get listed on Nasdaq and what's the current market cap 16:15 How does Marathon compare with other US bitcoin miners 18:44 Any non-US miners you compete with 20:01 Are bitcoin mining stocks more volatile than bitcoin 21:52 How have you achieved one of the lowest mining costs 23:33 How long do you think the windfall due to China bitcoin mining ban is going to last 26:39 Is the current windfall period for miners reflected in your stock price 32:54 How did the Bitcoin Mining Council start and what's the purpose 37:56 Your opinions on Bitcoin PoW vs Ethereum's PoS 43:23 Your comments on Marathon's signalling of a block as OFAC compliant 46:30 How was Bitcoin Miami and what were the key takeaways 51:32 How can people find you and find Marathon Links from this show: https://marathondh.com If you want to learn about bitcoin or ask me Qs, sign up for free at https://www.sunnybitcoin.com. Telegram: https://t.me/sunnybitcoin Sunny Bitcoin Podcast: - https://www.sunnybitcoin.com/c/podcast - YouTube: https://youtube.com/playlist?list=PLBnIgIKJjojCojJveevdjMWTRfkvsJ94t - Apple Podcast: https://podcasts.apple.com/sg/podcast/sunny-bitcoin/id1560959546 - Spotify: https://open.spotify.com/show/6X2WkOg74tVQLo0C182aNv Social Media: - Twitter: https://twitter.com/sunny_bitcoin - Facebook: https://www.facebook.com/sunnybitcoin - Instagram: https://www.instagram.com/sunnybitcoin - LinkedIn: https://www.linkedin.com/in/goenkas/detail/recent-activity/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/btclighthouse/message
Fred Thiel is currently the CEO of Marathon Digital Holdings (NASDAQ:MARA), a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. He is a respected expert and frequent speaker on FinTech, digital assets, Blockchain, bitcoin, Internet of Things (IoT), artificial intelligence, venture capital and private equity and digital transformations of companies and industries. Fred has over 25 years operating experience leading companies in digital assets, semiconductor, data communications, Internet, IoT, AI, as well as digital media and software. His breadth of knowledge and experiences is incredible. As a CEO, Fred has led companies through rapid growth to IPO, repositioned companies for high-value exits to strategic and financial acquirers, led M&A and roll-up strategies. Fred and I go back nearly 20 years to when I first moved to Southern California, and I've always enjoyed his friendship and perspective – we always can cover a lot of ground and topics when we meet. It's exciting to see him now at the forefront of digital assets, and he shared some great wisdom and insights in this conversation! Thanks also to show sponsor, Collective Genius. Their Peak Planning program is the ideal one to build your unstoppable high growth team.
Fred Thiel is the CEO of Marathon Digital Holdings, one of the largest bitcoin miners in North America. In this conversation, we discuss bitcoin mining, ESG bitcoin, OFAC compliant blocks, Taproot, and what Marathon plans to do moving forward. ======================= Revolut is a finance app in the US and UK, that say they're the simplest way to access crypto. Sign up today at Revolut.com/pomp and make 3 card transactions to get $15, which you can exchange for any tokens Revolut supports. As usual, when you move your money from fiat to crypto your capital is at risk. See T&C's for details. Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Cryptocurrency services provided directly by Paxos Trust Company, LLC. ======================= Exodus is an absolute game changer in the crypto wallet space, and we've teamed up to offer an exclusive discount for you, as listeners of the podcast. Sign up for Exodus today using my promo code Exodus.com/pomp. This is a no brainer for both newcomers and crypto heavyweights - go sign up today. ======================= With 10M+ users, Crypto.com is the easiest place to buy, and sell 100+ cryptocurrencies. The Crypto.com Visa Card gives you up to 8% back instantly, and 100% back on Spotify and Netflix. Also, Crypto.com lets you earn up to 8.5% p.a. on BTC, and 14% p.a. on stablecoins. Get $25 when you download the Crypto.com App with code "pomp". Download the App now: https://crypto.onelink.me/J9Lg/pomppodcast2021 =======================
Fred Thiel is the CEO of Marathon Digital Holdings which is a Bitcoin mining company. In this interview, Fred talks about Marathon's history, services, and BTC mining operations in the United States. We also discuss ESG concerns, Taproot, Bitcoin ETF, Elon Musk, the Bitcoin Mining counsel, and El Salvador's adoption of Bitcoin.https://marathondh.com/https://twitter.com/fgthiel
On Today's PreMarket Prep: - El Salvador makes bitcoin legal tender - Meme stock craze Featured Guests: Fari Hamzei, Founder of Hamzei Analytics 15:00 Fred Thiel, Chief Executive Officer, Marathon Digital Holdings 58:00 ($MARA) Meet the Hosts: Dennis Dick Twitter: https://twitter.com/TripleDTrader Joel Elconin Twitter: https://twitter.com/Spus https://www.premarketprep.com/ Spencer Israel Twitter: https://twitter.com/sjisrael BENZINGA YOUTUBE: