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.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.
• 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
👉 CleanSpark (CLSK), America’s Bitcoin Miner!
Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/!
👉 Digital Shovel, All Things Crypto Mining!
Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com
👉 Luxor, Leaders In Bitcoin Mining and Compute Power!
Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.
👉 Nicehash, Hashrate, Bitcoin payments and mining!
NiceHash is the world leading hashrate marketplace providing a full suite of tools and software for miners to optimize their operations. Based in Switzerland, NiceHash is a fully regulated crypto mining platform.
Published twice weekly, "The Mining Pod" interviews the best builders and operators in the
Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews
on Tuesday and a news show on Friday!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
