CoinDesk Podcast Network
THE MINING POD: Tether and Antalpha, Galaxy’s CoreWeave Expansion, OP_RETURN drama
May 2, 2025
Khan Fiharani, a research associate at Luxor and Hashrate Index, dives into the evolving world of Bitcoin mining. He discusses Tether's ambitious $25M investment in AntAlpha, signaling increased corporate interest. The conversation shifts to Galaxy's CoreWeave expansion at Helios and how AI is intersecting with Bitcoin mining for operational efficiencies. Fiharani also highlights post-halving challenges for miners, delving into rising difficulty and Tether's influence on the sector, while touching on the controversial OP_RETURN proposal affecting data usage.
41:56
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Quick takeaways
- Tether's $25M investment in AntAlpha represents a strategic move to intertwine stablecoin financing with Bitcoin mining operations amidst rising industry challenges.
- CoreWeave's partnership with Galaxy, expanding to 393MW, signifies a shift towards AI-driven computing alongside Bitcoin mining, highlighting technological convergence.
Deep dives
Tether's Expanding Influence in Bitcoin Mining
Tether is increasing its involvement in the Bitcoin mining sector, with plans to invest $25 million in AntAlpha's upcoming IPO. AntAlpha provides both Bitcoin-backed loans and financing for ASIC miners, indicating a strategic investment for Tether as it seeks to solidify its position in the industry. This move is part of a broader trend where Tether has also made significant investments in other mining entities like BitDeer. As Tether capitalizes on its profits in a high-interest environment, its foray into the mining sector highlights the growing intersection between stablecoin financing and Bitcoin mining operations.
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