Bitcoin Mining in 2024 | Fred Thiel, CEO at Marathon
Empire
Bitcoin Site Acquisition Pricing Misconceptions and Market Valuation
Exploring misconceptions and valuation methods in acquiring bitcoin mining sites based on market price per megawatt of energized capacity, excluding future cash flows from mining rigs.
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!
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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
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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
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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.
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