The Mining Pod | Blockspace Media

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews Welcome back to The Mining Pod! Today, Aydin Kilic, CEO of Hive Blockchain joins us to talk about their plan to scale to 25 EH/s by year end, the Paraguay expansion using new Bitmain hydro units, the company’s ATM funding strategy, and their pivot into HPC. Subscribe to our newsletter!  **Notes:** • Scaling from 12 to 25 exahash by year end • 200MW Paraguay site bought for $400k/MW • 18% share dilution in Q1 from ATM usage • $500M mining margin target at 25 EH/s • 50% gross mining margins currently • $40M profit on Bitcoin pledge trade Timestamps: 00:00 Start 03:02 NYC trip 04:58 25 Exahash goal 07:35 Surviving bear markets 18:20 Fractal Bitcoin 18:59 ATM 24:05 Next steps 2025 👉 Fractal Bitcoin, Is Bitcoin’s most active scaling solution already here? Fractal’s rapid hashrate growth and transaction growth suggest it might be. A new report by Blockspace Media breaks down Fractal Bitcoin. Read the full report here. 👉 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.com Published 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Mining Pod! Today, Will, Colin, and Matt discuss Antalpha’s CEO becoming the chair of Cango, how the Big Beautiful Bill affects bitcoin miners, OpenAI and Oracle’s 4.5GW datacenter plans, last week’s record crypto ETF inflows of $4.39B, and Joe McCann's Solana treasury SPAC. Subscribe to our newsletter!  **Notes:** • Hashprice stable at $60/hash/day • Antalpha CEO now chair of Cango  • BBB allows 100% equipment depreciation  • OpenAI and Oracle plan 4.5GW data center • $4.39B crypto ETF inflows weekly Timestamps: 00:00 Start 04:59 Anatalpha CEO → Cango chairman 13:02 BBB impact on Bitcoin miners 22:06 Fractal Bitcoin 22:45 $4.39B in flows last week 25:53 Stargate OpenAI<>Oracle 4.5 GW 29:10 SoftBank and OpenAI’s $500 Billion AI Project 36:33 Joe Mcann’s fails after 80% drop 👉 Fractal Bitcoin, Is Bitcoin’s most active scaling solution already here? Fractal’s rapid hashrate growth and transaction growth suggest it might be. A new report by Blockspace Media breaks down Fractal Bitcoin. Read the full report here. 👉 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.com Published 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Mining Pod! Today, VanEck’s Head of Digital Assets Research Matthew Sigel joins us to talk about Core Scientific's massive $9B CoreWeave acquisition deal, whether Bitcoin treasury companies are getting too crowded with 30+ deals in pipeline, AI infrastructure pivots among miners, and if the crypto equity boom is here to stay. Subscribe to our newsletter!  **Notes:** • Core Scientific $9B all-stock deal with CoreWeave • 850MW HPC/AI infrastructure potential capacity   • US listed miners hit 31% global hash rate  • 30,000+ Bitcoin bought by 15 treasury companies • Meta Planet trading at 5x Bitcoin NAV premium • $150M annual revenue target for Hut 8's AI business Timestamps: 00:00 Start 02:55 Coreweave & Core Scientific 07:40 Coreweave's BTC mining operation 08:52 Volatility & Coreweave's stock price 12:25 Fractal Bitcoin 13:05 Future of pure BTC miners 17:45 American Bitcoin 20:54 What's keeping public miner stock prices suppressed? 24:02 Too many treasury companies? 29:58 International strategies 35:45 Gamestop & Semler Scientific 39:27 Bit Digital ETH pivot 42:49 Cycle narrative 👉 Fractal Bitcoin, Is Bitcoin’s most active scaling solution already here? Fractal’s rapid hashrate growth and transaction growth suggest it might be. A new report by Blockspace Media breaks down Fractal Bitcoin. Read the full report here. 👉 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.com Published 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

FILL OUT THE SURVEY BY CLICKING HERE: https://forms.gle/DFpR9MyhWo1NQ8T39 Charlie and Colin dive deep into investigative journalism that reveals the US government's Bitcoin holdings are far more complex than anyone realized. After a $10K bounty led to a FOIA request, we discovered the US Marshals Service holds just 29,000 Bitcoin - not the 200,000 widely reported. We explore seized vs forfeited assets, government custody practices, and why Senator Lummis got it wrong. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • US Marshals hold 29,000 Bitcoin worth $3.4B • Arkham shows 198,000 Bitcoin for US government • US sold 195,000 Bitcoin for $366.5M total • Bitfinex hack involved 94,000 seized Bitcoin • Government peak holdings: 237K Bitcoin (2022) • $10K bounty offered for Marshal data Timestamps: 00:00 Start 00:47 Lola investigates 05:27 29k BTC 11:03 Politicians enter the chat 17:47 Government custody providers - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Mining Pod! Today, Colin, Charlie, and Matt talk Bitcoin's surge to $123K and its impact on mining economics, Bit Digital's WhiteFiber IPO prospectus and pivot to an Ethereum treasury strategy, public miner executive compensation, BIT Mining’s Ethiopia expansion, and the Mempool.space’s "Baja Blast Summer" (i.e., ultra-low transaction fees). Subscribe to our newsletter!  **Notes:** • Bitcoin reached $123K all-time high • Hash price at $60 per petahash per day • Exec compensation $14.4M in 2024 • Bit Digital raising $67.3M for ETH pivot • WhiteFiber IPO shows $47.6M 2024 HPC revenue • Ethiopia data centers use 30% of country’s energy  Timestamps: 00:00 Start 03:17 Difficulty Report by Luxor 08:33 Fees are SO LOW! 11:12 Bit Digital WhiteFiber S-1 14:21 Bit Digital ETH treasury 22:09 Fractal Bitcoin 22:48 VanEck: Executive Pay 27:27 BIT Mining Ethiopian data center 30:17 Cry Corner: Baja Blast Summer 👉 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.com Published 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Mining Pod! Today, Lee Bratcher, President of the Texas Blockchain Council, joins us to talk about the newly signed Senate Bill 6 that completely overhauls interconnection and curtailment rules for large loads over 75MW on the Texas grid. We cover the four primary pillars of this legislation, why the 4CP program changes could be more consequential than other provisions, and how this affects Bitcoin miners versus AI data centers. Subscribe to our newsletter!  **Notes:** • ERCOT expects 150GW growth by 2030 vs 120GW realistic • 4CP minimum transmission charge could add 1¢/kWh • 25,000MW of solar now on Texas grid vs near zero 5 years ago • Large loads over 75MW subject to remote disconnect • Bitcoin miners typically curtail at $100/MWh range • Phantom load applications clog interconnection queue Timestamps: 00:00 Start 02:45 What is SB6? 03:54 Clarification 05:23 Behind the meter 06:49 Remote disconnect 09:09 Changes to 4CP program 14:28 Minimal transmission charge 18:32 NatGas behind the meter 20:05 Load redundancy 22:43 Phantom load 24:33 Loads covering infra cost 28:31 Rollout timeline 30:56 Voltage requirements 37:23 Is this a good bill? 40:56 Batteries 42:56 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.com Published 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

FILL OUT THE SURVEY BY CLICKING HERE:https://forms.gle/DFpR9MyhWo1NQ8T39 Gwart joins us to talk about the collapse of crypto's "public goods" era and why the revenue meta is taking over. We dive deep into the fat protocol thesis, why DAOs failed, the difference between Bitcoin and crypto, and how builders are finally focusing on sustainable businesses instead of token hacking. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **NOTES:** • Pump.fun crossed hundreds of millions in revenue • Fat protocol thesis originated 2016-2017 • iPhone example: $1,000 vs theoretical $10,000 • Uniswap has fee switch but hasn't turned it on • Thread guy has 5% Bitcoin portfolio allocation • Bitcoin could 10x in next five years Timestamps: 00:00 Start 01:59 Bitcoin vs Crypto 06:08 What does Gwart "believe" in? 08:33 Revenue Meta & Fat Protocol Thesis 13:36 Interpreting the Fat Protocol Thesis 19:25 Analogies to Linux, etc 27:18 Is the DAO dead? 31:27 Devs 37:35 Creators of the Revenue delusion 40:46 Are stonks the new tokens? 45:01 Solana maxi 50:22 Real World Assets ;P 53:10 Minting new BTC maxis - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Get the headlines that matter, right when they hit the wire. Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more. FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Mining Pod! Today, Ben Harper from Luxor Technology joins us to discuss CoreWeave's $9 billion acquisition of Core Scientific, IREN’s $130 million Nvidia GPU purchase, hashprice hitting $60 for the first time since February, summer hashrate curtailment, and why transaction fees are so low. Plus, why Bit Digital and BIT Mining are becoming altcoin treasury companies.  Subscribe to our newsletter!  **Notes:** • CoreWeave to acquire Core Scientific for ~$9 billion • Hash price reaches $60 per terahash per day • Bitcoin fees in sats/vb lowest since March 2012 • IREN purchases 2,400 Nvidia Blackwell GPUs • Difficulty adjustment expected +7.3% • Bit Digital pivots to Ethereum treasury Timestamps: 00:00 Start 01:50 Difficulty Report by Luxor 06:00 CRWV < > CORZ deal 15:20 Fractal Bitcoin 16:00 IREN Blackwell purchase 22:14 Transaction update, 26:04 Hashrate Futures contracts 35:52 Bit Digital/BIT Mining Pivots 👉 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.com Published 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Mining Pod! Today, Colin and Will break down CoreWeave's meteoric rise to a $75+ billion valuation and why Bitcoin miners like Core Scientific, Galaxy Digital, and Applied Digital are all racing to partner with AI cloud providers. We explore CoreWeave’s neocloud business model, GPU economics vs bitcoin mining profitability, and what this means for the future of the mining industry. Subscribe to our newsletter!  **Notes:** • CoreWeave valued at $75B+ (12x revenue multiple) • 72% of Q1 revenue came from Microsoft/OpenAI • CoreWeave manages 250,000+ GPUs globally • $15B+ in contracted revenue secured Timestamps: 00:00 Start 04:05 Coreweave overview 07:40 Neocloud 10:28 Other Neocloud providers 12:49 Oracle, OpenAI & Stargate 16:20 Crusoe 17:58 Hyperscaler street cred 21:08 Energy pipeline 26:53 Revenue 32:51 Capex vs revenue 38:03 GPU lifespan 41:58 Bull vs Bear 49:00 Partner concentration Article links: https://mattturck.com/coreweave/ https://research.artemis.xyz/p/coreweave-fundamental-deep-dive https://www.mostlymetrics.com/p/coreweave-ipo-s1-breakdown https://research.artemis.xyz/p/coreweave-fundamental-deep-dive https://www.mostlymetrics.com/p/coreweave-ipo-s1-breakdown 👉 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.com Published 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

FILL OUT THE SURVEY BY CLICKING HERE AI hyperscaler CoreWeave (CRWV) announced today that it will acquire Core Scientific (CORZ) in an all-stock deal valued at approximately $9 billion. We react on the news! Published 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!  Apple https://apple.co/3fNfrdi  Spotify https://tinyurl.com/3cmz3jkc Anchor https://tinyurl.com/yckv8t7p RSS https://bit.ly/3chpULV Newsletter https://miningpod.blockspace.media/ 👉 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.com Published 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! Learn more about your ad choices. Visit megaphone.fm/adchoices