Is China Winning the AI Race?

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Welcome back to The Mining Pod! Today, Colin and Matt talk about two massive hyperscaler deals that have upped the expectations for AI-pivots. Cipher Mining just secured a $5.5B, 15-year lease with Amazon Web Services for 300MW at their Bear Lake facility, while IREN signed a $9.7B, 5-year deal with Microsoft for 200MW in Texas. We also cover highlights from public miner Q3 earnings that have trickled through so far, a bitcoin miner lawsuit that involves OpenAI, and why Warren Buffett's Pacific Power’s loss with Amazon is a win for bitcoin miners. Plus: Will China win the AI race? Nvidia’s CEO thinks yes.

Notes: 

• AI runway better than mining for miners

• IREN Microsoft deal is a win for powershell model thesis

• AI business lines give miners better access to capital

• Miners with exposure but no deals on the table could offer interesting opportunities

• Mining in the U.S. not done yet

• Cipher signs $5.5B AWS deal for 300MW facility

• IREN inks $9.7B Microsoft cloud compute agreement

• Hash price crashes to $40 per petahash per day

• Bitcoin retraced from $126K to $101K support

• Cipher announces 1GW data center JV project

• Pacific Power fails to deliver Amazon capacity

Timestamps:

00:00 Start

02:00 Difficulty Report by Luxor

05:05 Cipher Amazon deal

08:02 IREN Microsoft deal

13:56 Cleanspark Ad

14:25 Q3 earnings update

14:38 RIOT

14:54 MARA

15:34 HUT 8

16:08 CIPHER

18:23 CORZ workers comp lawsuit

21:08 China winning AI race?
26:31 Cry Corner: Buffett can’t MW

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