American Bitcoin may purchase $320 million of Antminers to expand its fleet, and hedge funds are dumping bitcoin ETFs.
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Welcome back to The Mining Pod! Today, Will, Colin, Matt, and Nick discuss Bitcoin mining's summer slowdown, American Bitcoin's massive 25 EH/s anticipated ramp up, a big week for public miner fundraising, Amazon's $20B Pennsylvania data center investment, institutional ETF flows showing hedge fund exits, and the controversial filter wars dividing Bitcoin's community.
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**Notes:**
• Hash rate trading 820-930 EH range lately
• American Bitcoin raising for $320M U3S21EXPH buy
• IREN upsizes convertible note to $500M
• Amazon investing $20B in Pennsylvania
• Hedge fund ETT holdings dropped from 122K to 83K BTC in Q1
00:00 Start
01:12 Difficulty Report by Luxor
06:37 American Bitcoin $320M U3S21 Cost
13:40 Fundraising season
23:07 Hedge funds ditched BTC ETFs in Q1
32:08 Amazon going balls deep in PA
37:41 Cry Corner - The Filter Boys Mount UP!
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