On The Brink with Castle Island Mark Coe (Intrinsic Edge) on The View From The Public Markets (EP.670)
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Sep 29, 2025 Mark Coe, Founder and CIO of Intrinsic Edge Capital Management, discusses his journey in creating a fund focused on digital infrastructure and blockchain. He dives into the evolving landscape of public markets and shares insights on the mining industry's future, especially with AI's influence. Coe also examines the implications for Bitcoin miners, regulatory challenges, and the broader opportunities for businesses entering public markets, highlighting the convergence of crypto and traditional finance.
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Genesis Of Intrinsic Edge
- Mark Coe built Intrinsic Edge as a long-short public equities hedge fund after a career in finance and as a CPA.
- He launched the Digital Infrastructure strategy to apply equity investing rigor to blockchain-related public companies.
Fund Launch And Early Drawdown
- Mark launched the Digital Infrastructure Fund in June 2021 amid heavy enthusiasm for Bitcoin and blockchain.
- The fund suffered early drawdowns as crypto collapsed but produced strong results after the market trough.
Market Has Diversified Beyond Miners
- The blockchain public-equity universe has broadened from mainly miners to asset managers, exchanges, software, payments, and banking.
- Hybrid companies blending crypto and traditional businesses expand the fund's addressable market.