The Bitcoin Layer

Bitcoin Mining MASTERCLASS: Miner Revenue, Economics, & Integrating AI with Drew Armstrong

Jun 14, 2024

Drew Armstrong, President of Cathedra Bitcoin, discusses mining masterclass topics like raising money, evolving landscape, hash rate migration, consolidation, and scaling solutions for better money on The Bitcoin Layer podcast.

01:03:45

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Episode guests

Drew Armstrong

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Episode notes

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Quick takeaways

Consolidation in Bitcoin mining industry driven by scale and competition dynamics.

Integration of AI and HPC solutions transforming Bitcoin mining operations.

Rising demand for block space and scaling solutions impacting transaction fees and network performance.

Deep dives

Cathedral Bitcoin's Merger with Conslitend Inc.

Cathedral Bitcoin, led by Drew Armstrong, announces a merger with Conslitend Inc., a company specializing in data center development for hosting Bitcoin mining. The deal involves transitioning towards hosting Bitcoin mining operations instead of traditional mining, leveraging cost-effective data center solutions.

Intro

2min

Analyzing Bitcoin Miners and Mining Stocks Performance

4min

CleanSpark's Transition to Bitcoin Mining and Mining Stock Recovery Post-Halving

4min

Bitcoin Mining Stocks, Fees, and Optimization

15min

Strategic Growth and Industry Consolidation in Bitcoin Mining

35min

Insights on Bitcoin mining market, Cathedral's developments, and pursuit of US listing

3min

In this episode, Joe sits down with Drew Armstrong, president and chairman of Cathedra Bitcoin, a publicly traded bitcoin miner on the Canadian Stock Exchange. Drew takes Joe through a mining masterclass. They discuss how mining public companies raise money, how the landscape is evolving, hashprice, hash rate migrating from the US, how miners are consolidating, and how L2s, Runes, and other things demanding bitcoin blockspace accelerate the development of scaling solutions so that bitcoin fulfills its chief function: better money. The Bitcoin Layer is brought to you by River. Visit http://River.com/TBL and earn up to $100 in bonus Bitcoin when you buy. Subscribe and turn on notifications for TBL on YouTube. Subscribe to TBL’s research letter: https://thebitcoinlayer.com/subscribe Follow TBL on X: https://twitter.com/TheBitcoinLayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg The Bitcoin Layer is a bitcoin and global macroeconomic research firm. The Bitcoin Layer and its guests do not provide investment advice. Block Height 847905 #TheBitcoinLayer Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball #TheBitcoinLayer #NikBhatia #JoeConsorti #BitcoinMining #CathedraBitcoin #DrewArmstrong #Hashrate #Hashprice #Blockchain #CanadianStockExchange #PublicCompanies #Investment #BitcoinScaling #L2 #Runes #BlockchainTechnology #MiningConsolidation #Economics #BetterMoney #BitcoinFuture #DigitalCurrency #FinancialMarkets #MiningMasterclass #TechInnovation #DigitalAssets #StockMarket #Finance #MarketTrends #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #RiverBitcoin #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #macro

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