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#28 - Brent Whitehead: The Giga Energy Story and Bitcoin as the Ultimate Incentive for Revolutionizing the Energy Industry
Closing the Loop
Off Grid Mining
We're in a period of time that we're in a bear market hash price is debt. S19 pros were grossing like $10 a megawatt hour. If you bought S19 today, that spread is still like a four year payback period. I don't think this energy crisis is going to get better. It's based off of global demand. Natural gas prices in Europe are so expensive right now. We are maxed out on LNG exports. A lot of refineries shut down during COVID because they build out an upgrade infrastructure and governments eliminate their whole 10 years? You can't blame these guys for saying 'I'm not going to invest too much capital'
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