CoinDesk Podcast Network THE MINING POD: ABTC Could Go Public Next Month, IREN Expands its GPU Feet, Ocean Pool Has a Glitch
Aug 29, 2025
Charlie Spears, a keen observer of the crypto landscape, joins the discussion to unpack significant developments in Bitcoin mining. He shares insights on American Bitcoin's upcoming public debut and the rumored $102 million investment by IREN for expanding its GPU fleet. They dive into the surprising 300 EH/s glitch reported by Ocean Pool, and examine the current trends in hashrate and mining difficulty. This lively conversation offers a snapshot of the rapidly evolving world of cryptocurrency mining.
AI Snips
Chapters
Transcript
Episode notes
Difficulty Rising As Fees Stay Silent
- Network difficulty is poised for a near 5% increase according to Hash Rate Index while mempool fee pressure remains negligible.
- Hash price has swung with BTC price, touching an all-time high then retreating, driving miner revenue volatility.
American Bitcoin Targets September Listing
- American Bitcoin plans to go public via a merger with Gryphon Digital, targeting early September for trading.
- Hudson 8's infrastructure push and asset split may create two distinct investable stories in mining and infrastructure.
Macro Moves Drive Large ETP Outflows
- Crypto ETPs saw a large weekly outflow driven by macro data and central bank commentary, with $1.4B leaving Bitcoin products.
- Interest-rate expectations and macro narratives remain major short-term drivers of crypto flows.