Bitcoin mining stock prices were aflame on Thursday, while Bitdeer was putting out fires of its own.
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Welcome back to The Mining Pod! Today, Will, Colin, and Matt don their butchers’ aprons to dissect Thursday’s market carnage, with some bitcoin miners down double digits on the day. We cover Bitdeer's electrical fire at a facility in Ohio, discuss Lava's controversial custody model changes, Stone Ridge/Nydig's oil and gas expansion, and for this week’s cry corner, Jim Cramer yells at CoreWeave’s CEO.
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**Notes:**
• Mining stocks down 5-10% across the board today
• Bitdeer down 46% on five-day chart
• $20B wiped from mining market cap since October
• Riot peaked at $70, started Liberation Day at $2
• Bitdeer fire destroyed two mining units in Ohio
• 650B annual revenue by 2029 needed for 10% AI return
Timestamps:
00:00 Start
04:19 Market crashing
08:35 Difficulty Report by Luxor
13:11 Bitdeer mining farm in Ohio burning
23:02 Lava goes centralized
31:26 Auradine's new unit announced
38:59 What's NYDIG up to?
42:23 Cry Corner: CORZ delay
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