IREN $875M Note, Luxor Energy, Record BTC ETF Flows

IREN continues its hot streak with a big raise, and crypto ETFs saw a record week last week.

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Welcome back to The Mining Pod! Today, Ethan Vera from Luxor joins us live from NABs in Dallas to talk about IREN's $875 million convertible note following their AI cloud deal announcement, Luxor's launch of an ERCOT-certified retail electric provider enabling Bitcoin-native power payments, last week's record-breaking $5.95 billion in crypto ETF inflows, and a word on Bitcoin mining in China.

Notes:

• Hash rate exceeds 1000 exahashes per second

• Hash price at $50.81 per petahash per day

• IREN raised $875M via 0% convertible note

• $5.95 billion in crypto inflows last week

• China represents estimated 14.05% of Bitcoin hash rate

• Iron secured $225M revenue over two years

Timestamps:

00:00 Start

02:13 Difficulty Report by Luxor

04:23 IREN

09:43 Cleanspark Ad

10:12 Luxor Energy announcement

16:40 Bull market doing it's thing

20:22 China hashrate research

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