Ethan Vera

Ethan Vera, COO of Luxor Technology and an expert in Bitcoin mining, discusses key industry updates, including Hut 8's remarkable 205 MW Vega facility and its strategic 310 MW electricity deal with Ontario. He dives into American Bitcoin's impressive $220 million fundraising, while also addressing the fluctuating ASIC market and its decoupling from hashprice trends. Furthermore, the conversation touches on Tether's surprise mining venture in Brazil and the increasing concentration of hash power among just a few companies.

Joining the discussion is Ethan Vera, COO of Luxor, who brings a wealth of knowledge about the Bitcoin mining industry. The conversation delves into Hut 8’s new Trump-backed subsidiary, American Bitcoin, and Galaxy Digital's landmark $4.5 billion deal with CoreWeave. The impact of new tariffs on ASIC miners, potentially leading to price hikes of 20-30%, raises concerns for the mining sector. They also touch on the evolving challenges in Bitcoin mining and Jack Dorsey’s critique of the Lightning Network's effectiveness.

Ethan Vera, from Luxor Tech, and Cal Kassa, founder of BitcoinBrr, dive into Ethiopia's booming Bitcoin mining scene. They discuss the allure of the country's abundant hydroelectric power and its emerging tech talent. The guests explore the participation of Chinese miners and local investment opportunities, emphasizing the socio-political landscape's impact. With insights on the potential for economic development, they highlight challenges like energy competition and the importance of education in driving Bitcoin adoption across Ethiopia.