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CoinDesk Podcast Network
THE MINING POD: Bitdeer’s Power Plant, Trump’s ETFs, Softbank’s $50m Cipher Bet, and Nebraska’s Mining Tax
Feb 7, 2025
This week delves into Bitdeer's ambitious acquisition of a $90 million power plant in Alberta to boost Bitcoin mining. Trump is eyeing the creation of Bitcoin ETFs, making headlines in the financial world. Meanwhile, Softbank's $50 million gamble on Cipher raises eyebrows amid a growing AI infrastructure trend. In regulatory news, a Nebraska senator proposes a tax on miners, while Russia codifies its own mining tax. The discussion wraps up with a quirky take on Ethereum's deflationary status and how croissants might signal ETH's future.
41:27
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Quick takeaways
- Bitdeer's acquisition of a 101 MW power plant signifies a strategic move toward vertical integration in the cryptocurrency mining industry.
- SoftBank's $50 million investment in Cypher highlights the increasing integration of AI technologies within cryptocurrency mining operations.
Deep dives
Overcoming Cognitive Biases in Financial Decisions
Financial decisions can often be clouded by cognitive and emotional biases, leading investors to make suboptimal choices. Recognizing these biases is crucial, as they can result in premature stock selling or irrational optimism about market trends. Developing awareness of these influences allows individuals to approach investing more rationally, enabling them to evaluate their options based on data rather than emotions. Practical strategies for combatting these biases can facilitate better decision-making, ultimately improving investment outcomes.
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Discover
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