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The Pomp Podcast

#1385 James Davolos on Turning Your Land Into Bitcoin

Jul 25, 2024
Portfolio Manager James Davolos from Horizon Kinetics discusses the merging of oil & gas with bitcoin mining & AI data centers in Texas, exploring the impact on artificial intelligence, data centers, bitcoin mining, and the future outlook of this trend.
46:54

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Podcast summary created with Snipd AI

Quick takeaways

  • Oil & gas industries merging with Bitcoin mining and AI data centers in Texas is a dominant trend in Wall Street and tech.
  • Bitcoin miners in Texas are repurposing gas resources for mining operations, optimizing profitability and reducing waste.

Deep dives

Texas: The Intersection of Old World Economy and New Technologies

The merging of oil and gas industries with Bitcoin mining and AI data centers in Texas is becoming a dominant trend in Wall Street and tech. The abundance of cheap land, power, unregulated power grids like ERCOT, and cheap cooling makes Texas an ideal hub for Bitcoin mining activities. Oil fields in Texas are transforming into high-tech centers for crypto mining and data operations.

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