CoinDesk Podcast Network
THE MINING POD: What Mining Shareholders Should Look For With Patrick Fleury
Jul 12, 2024
Patrick Fleury, CFO of TerraWulf, discusses public mining markets, shareholder dilution, issuing equity, lab projects, TerraWulf's lines of business, energy contracts, and partnerships. The episode covers financial transparency, evaluating business performance metrics, challenges in the mining industry, different sectors in mining, and the importance of power infrastructure for mining operations.
55:45
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Quick takeaways
- Focus on transparency in disclosing mining costs for shareholders.
- Emphasize profitability and criticize dilution of shareholder equity in mining businesses.
Deep dives
TerraWolf's History and Expansion Potential
TerraWolf, led by a team with extensive financial and management experience, mines Bitcoin at two sites with expansion potential. The Nautilus site in Western Pennsylvania is behind a meter at a large nuclear facility, while Lake Mariner in upstate New York offers 200 megawatts of combined capacity with room to expand to 770 megawatts. Both sites operate with 95% zero carbon emissions.
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