On today’s news roundup, the gang covers the American Bitcoin investor unlock that sunk the ABTC share price this week, plus IREN’s pricing a $3.6B capital raise.
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Welcome back to The Mining Pod! Today, Colin, Charlie, and Matt break down yet another brutal week for miners. We analyze why ABTC shares tanked 39% following a share unlock and look at IREN's aggressive $3.6B capital raise. The team also covers Greenidge’s Dresden, NY fire and SC land sale. Finally, we debate the Zcash Foundation’s legal threats and just how private and cypherpunk Zcash is.
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**Notes:**
-ABTC shares plunged 39% on Tuesday
-Hashprice dropped below $40/PH/day
-IREN pricing $3.63B in notes/equity
-Avg network efficiency: 32 J/TH (CoinMetrics)
-Greenidge sells 60MW power rights, land
Timestamps:
00:00 Start
01:42 Difficulty Report by Luxor
08:07 ABTC down bad
14:31 IREN convert / equity sale
18:55 Tough month for Greenidge
23:48 Cry Corner: Zcash pump & dump
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