CoinDesk Podcast Network

For today’s show, we cover why Bitcoin ATMs are one of the best, most lucrative businesses in Bitcoin.FILL OUT THE MINING POD SURVEY BY CLICKING HEREWelcome back to The Mining Pod! Today, Brandon Bailey of Second Gate Advisory joins Will to talk about Bitcoin ATMs, an overlooked Bitcoin business model with massive potential. In Q1 2025, Bitcoin Depot generated $164.2M in revenue, a 19% increase year-over-year, while outperforming miners in cash flow per unit. We explore why physical ATMs matter in a digital world, expansion opportunities, and how this could be the next big Bitcoin treasury play.Subscribe to our newsletter! **Notes:**• Bitcoin Depot: $333.1M revenue, +92% YoY• 30,000 Bitcoin ATMs vs 500K traditional ATMs  • ATMs generate $30-40/day vs miners $10-11/day• 4% of Americans (5.6M people) are unbanked• Average transaction size around $300• 1,300 reserve machines ready for deploymentTimestamps:00:00:00:00 Start00:01:33:16 Report overview00:02:48:20 Bitcoin Depot financials00:05:30:06 Other BTC treasury companies00:08:52:26 Colorado Air Filter00:10:57:14 Increasing revenue multiple00:13:30:08 ATM business history00:15:03:16 Stablecoins00:16:37:26 Fractal Bitcoin00:17:12:25 Physical cash economy00:19:33:22 Why haven't traditional ATMs added BTC?00:21:10:20 Per machine cashflows00:25:27:09 Expansion opportunity00:31:00:10 Coinflip00:33:06:11 Wrap up👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy.And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today!👉 Luxor, Leaders In Bitcoin Mining and Compute Power!Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact sales@coloradoairfilter.comPublished twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Gabby Dizon, founder of Yield Guild Games, is a visionary in the world of Web3 gaming, dedicated to empowering players in developing markets. He discusses the cultural impact of Axie Infinity, revealing how it transformed the gaming landscape. Gabby shares insights on the vital role of gaming guilds and their resilience amidst market ups and downs. He also addresses the influence of cultural perspectives on gaming monetization and explores the future of Web3 gaming, including the integration of stablecoins for a better player experience.

Dive into the explosive realm of Bitcoin treasury strategies! The hosts discuss how companies leverage Bitcoin for financial gain, questioning the sustainability of their tactics. MicroStrategy's bold moves, including dividends from preferred shares, are scrutinized. Uncover the risks tied to Bitcoin price fluctuations and corporate investments, and explore how emerging financial leverage shapes the crypto landscape. It's a tantalizing look at whether these strategies are innovative or just a precarious gamble waiting to fall.

Arizona is edging closer to establishing a Bitcoin reserve, with significant legislative support. Meanwhile, a North Korean hacking group is targeting crypto professionals through deceptive job postings laden with Python malware. The discussion highlights both the innovative moves in cryptocurrencies and the alarming cyber threats facing the industry.

Haley Thomson, Director of Energy Trading at Luxor Technology, joins the conversation to shed light on Texas miners' strategies amid peak energy demands. They discuss the record 31.6% hash rate achieved by U.S. public miners and the implications of increasing corporate treasury strategies, which some fear may be a bubble. Additionally, Haley highlights how miners are evolving from burdens to valuable contributors in Texas's energy landscape, adapting to the challenges posed by peak load occurrences in the ERCOT system.

The podcast dives into President Trump's alarming warning to Iran and its significant impact on the crypto market, causing a stir among investors. It also covers the Senate's approval of the GENIUS Act, which seeks to regulate stablecoins. Intriguingly, Bahamut Blockchain is introduced with its innovative Proof of Staking and Activity consensus mechanism, promising a fresh take on validator rewards. Plus, the hype surrounding the meme coin, Useless, adds an entertaining twist to the unfolding crypto drama.

Jeremy Rubin, an innovative Bitcoin developer, shares insights on his secretive Miami office and projects like Polybeam and a Bitcoin staking platform. He discusses redesigning Bitcoin's script, advocating for a shift to RISC-V for better efficiency. The conversation includes the importance of timing for soft fork activations and the CTV endorsement process, which lacked participation. Rubin argues that Bitcoin should empower users, enhancing their sense of freedom from day one. His unique perspectives on collaboration and remote work dynamics add depth to the discussion.

Unpack the intriguing dichotomy of convenience versus privacy in the digital realm. Discover how users often prioritize ease over security, despite claiming to value privacy. Street interviews reveal the gap between words and actions regarding data protection. Delve into the complexities of transparency in AI, and explore innovative solutions like blockchain that could enhance trust. The conversation emphasizes the need for better education on the real costs associated with our data exchanges, paving the way for a more aware digital society.

The recent suspension of Pump.fun and other memecoin accounts on X raises important questions about freedom of speech on social media platforms. Host Sam Ewen dives into the implications of this crackdown on user engagement in the crypto world. Additionally, the podcast discusses a liquidity attack on Polyhedra and notable market moves, including ARK Invest's significant sell-off of Circle shares. This lively conversation sheds light on current trends and challenges facing the crypto industry.

Sean McDonough, president and founder of New West Data, discusses the intersections of oil and gas with Bitcoin mining in Alberta. He shares insights on the pros and cons of full ownership versus joint ventures, highlighting the economic viability of using flared gas for energy. Challenges like regulatory hurdles and market volatility are scrutinized, alongside the evolving dynamics between traditional energy firms and Bitcoin miners. McDonough also offers predictions on hash rates and the positioning of Alberta in the broader North American mining landscape.