The Mining Pod | Bitcoin Mining News

Welcome back to the Mining Pod! For this week’s Bitcoin Stock Show, we sit down with Sue Ennis, the head of investor relations at Hut 8, to discuss Hut 8’s AI/HPC business line. The conversation covers Hut 8’s original foray into HPC with its Terago acquisition in 2022, its new GPU-as-a-Service business line, what makes an ideal HPC data center, what has changed with Hut 8 since the merger with US Bitcoin Corporation, and everything in between – including a little teasing about a 1 GW acquisition that Hut 8 has in the pipeline.👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out!Timestamps:00:00 Livestream waiting room01:47 Intro03:04 Sue’s background04:10 Why Hut 8 purchased Terago data centers08:52 Learning curves for Hut 8 operating HPC centers11:20 Retrofitting a bitcoin mine vs deploying hashrate at an HPC center13:40 Hut 8’s GPU-as-a-Service15:35 Difference between Terago centers vs new business line17:14 Does Hut 8 plan to greenfield or retrofit a datacenter for HPC?23:00 Ideal conditions for an HPC data center25:50 U3S21EXPH form factor as a cross-over from HPC operations 30:30 Hut 8 transition/change with US Bitcoin Corp mergerPublished 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell-Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to the Mining Pod! This week we are joined by Asher Genoot, CEO of Hut 8, one of the larger and older Bitcoin miners! Hut 8 recently entered into a deal with leading Bitcoin mining manufacturer Bitmain to produce a new immersion unit ready for traditional data center builds! In this show we discuss the unit, how the deal got made, how it fits into a data center, parts and repair, the hosting deal with Bitmain and the opportunity cost of entering into investments like this one with Bitmain!👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out!Timestamps:00:00 Start01:34 New ASIC (U3S21EXPH)05:03 Chip efficiency07:55 New cooling solutions14:12 Datacenter build out19:00 AI facility conversion20:58 Hosting for Bitmain deal26:51 Facility location29:05 Opportunity costs32:08 New CEO role35:11 Growing both AI & miningPublished 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmellThank you to our sponsor, CleanSpark, America’s Bitcoin miner!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to the Mining Pod! This week, we’re talking about about bullish inflows to the crypto (mostly Bitcoin) ecosystem that could support better asset prices, Ocean launching a new decentralized template program for miners, CleanSpark’s hurricane woes and updates from the recent catastrophe in the Southeast US and Swan’s dramatic lawsuit against its former employees! 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out!Timestamps:00:00 Start04:18 Difficulty update05:26 Coinshares: Digital Asset Flows10:40 Ocean Pool's Datum18:46 Cleanspark & the hurricane24:03 Swan mining update31:32 Cry Corner: Satoshi Has Been Found! LOLPublished 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmellShow links:https://blog.coinshares.com/volume-202-digital-asset-fund-flows-weekly-report-e00fa60eac86https://ocean.xyz/docs/datumhttps://www.theblock.co/post/318784/bitcoin-miner-cleanspark-restores-200mw-in-the-wake-of-hurricane-helenehttps://blockspace.media/insight/new-filings-raise-questions-about-mining-ownership-in-swan-lawsuit/https://x.com/disclosetv/status/1841896077865230409Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a ton of new units on the market, including new players like Auradine. But how do these units actually hold up when deployed to the field and under harsh environments? We brought on Brad Cuddy of Cholla Energy to walk us through his experience working with the units. We also discuss alternative units like Bitmain and MicroBT, dry cooling, hydro vs. immersion and various other topics relating to technical Bitcoin mining. Lastly, we finish with a conversation on the Texas Bitcoin mining landscape including 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out!Timestamps:00:00 Start02:01 Brad's background05:53 Types of ASIC cooling09:25 Bitmain vs MicroBT12:20 Dry cooling16:34 Hydro vs immersion21:38 Immersion form factor challenges22:26 MicroBT immersion deployment24:21 Cost difference25:42 Cooling fluid & thermodynamics28:24 Fluid longevity29:14 Auradine32:32 Firmware & chip uptime34:47 Auradine conclusion35:35 What cooling is best?37:14 Extreme temps39:23 Curtailing with hydro units42:21 New Bitmain unit45:34 Bitmain changing PDUs48:13 Curtailing (4CP)49:15 Curtailing (PPA)51:16 Ancillary grid services52:43 4CP operations55:10 Renewable & Texas grid58:56 Future of solar1:03:52 Miners, data centers & interconnections1:06:22 Texas' isolated gridPublished 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! Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset.  "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’s roundup, Will, Colin, and Matt discuss the bombshell news that Swan Bitcoin is suing its former employees and contractors, alleging that the cabal stole proprietary aspects of Swan’s bitcoin mining business. Speaking of corporate sparring, the gang also covers the news that Riot and Bitfarms have settled (for now, at least) their dispute over Riot’s attempts to acquire its rival. They also discuss Bitdeer’s new SEAL02 ASIC chip, which Bitdeer claims is capable of 13.5 J/TH power efficiency, and why bitcoin mining ASICs are not securities despite some reporting to the contrary. Finally, in this week’s cry corner, they address the indefatigable, maddening myths that persist about Bitcoin’s global electricity use (no Bill Maher, Bitcoin does not use 8% of the world’s electricity, but thank you for playing!).Enjoying the show? Check out our newsletter at miningpod.blockspace.media!Timestamps:CHAPTERS00:00 Start00:14 Swan mining lawsuit11:01 Difficulty update17:03 Riot vs Bitfarms27:14 Bitdeer’s SEAL02 chip35:25 Green Mining SEC suit not dismissed38:59 Hut 8 GPU-as-a-Service Goes Live42:47 Cry corner: Bill Maher is wrongPublished 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! 👉 Check out Bitcoin Season 2 and The Gwart Show.Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell-Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!And NiceHash (@NiceHashMining), the world's most powerful hashrate marketplace!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset.   Learn more about your ad choices. Visit megaphone.fm/adchoices

For this week's Bitcoin Mining Stock Show, Colin sits down with Taras Kulyk, the CEO and co-founder of Synteq Digital. The fellas open the show by talking about the differences between the AI/HPC and ASIC hardware markets, why its (much) easier for traditional data center operators to access capital markets than bitcoin miners, and whether or not Core Scientific can capitalize on its AI promises. For the second half of the show, Taras dives into what has changed in the ASIC market since the April 2024 Halving, plus the great migration of older models like the S19 and M30 series to lower cost areas in the global South. Finally, Taras shares his views on Bitmain's new U3S21EXPH hydro-cooled ASIC miner and his vision for the future of data center cooling. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’s show, Colin interviews Rob Warren, the author of The Bitcoin Miner’s Almanac. Standing up a bitcoin mining operation is a herculean task. From managing ASICs, to standing up infrastructure, to navigating power contracts, bitcoin miners have to learn everything from IT management to hardware maintenance – and everything in between. That’s why Rob wrote The Bitcoin Miner’s Almanac, to help newcomer and veteran miners alike easily navigate the daunting, complicated minutiae of bitcoin mining. In our conversation, we touch on what inspired the book, Rob’s experience researching and writing it, and what he plans to include in the second edition. This isn’t your grandfather’s almanac…You can purchase The Bitcoin Miner’s Almanac on Amazon or the Bitcoin Magazine store.Enjoying the show? Check out our newsletter at miningpod.blockspace.media!Timestamps:00:00 Start03:03 The Bitcoin Miner's Almanac12:21 Forget about Bitcoin20:14 Making sense of the energy industry28:37 Energy monopolies33:01 Pros & cons of energy production40:33 Book version 252:26 Machine form factors1:02:41 Interviewing miners1:10:23 Stranded energy opportunities1:15:49 Wrap upPublished 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! 👉 Check out Bitcoin Season 2 and The Gwart Show.Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell-Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!And NiceHash (@NiceHashMining), the world's most powerful hashrate marketplace!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset.  "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’s news roundup, the crew dives into Hut 8’s partnership with Bitmain on the manufacturer’s new hydro-cooled ASIC model, the U3S21EXPH. Matt also gives everyone a geography lesson with his overview of Bhutan and its hoard of 13,011 BTC worth $780 million, the fourth largest BTC reserve of any nation, and Colin covers Rober F. Kennedy Jr.’s letter to the editor in the Economist in which he defends Bitcoin mining for its utility as a flexible load for renewable energy. Plus, a former President, a bitcoin mining CEO, and a pub owner walk into a bar, and everyone leaves with a burger paid in bitcoin (yes, every outlet has covered this story, but we are too). And finally in this week’s cry corner, the unfortunate story of a Norwegian town whose residents will pay more for power after a bitcoin mine ceased operations.Enjoying the show? Check out our newsletter!Timestamps:00:00 Start01:38 Difficulty update03:36 Fractal fees07:23 Hut 8 and Bitmain ASIC partnership12:50 Bhutan got them bags!19:19 RFK Economist letter to the editor23:12 Trump's Bitcoin Burger29:32 Cry Corner: Norwegian energy costs risePublished 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! 👉 Check out Bitcoin Season 2 and The Gwart Show.Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Pow.re Co-founder and CTO Ian Descoteaux joins us today to talk about all things ASIC miners. In the conversation, we speak at length about the Antminer S21, including his experience deploying this model, its quirks / failure rates, and its performance. We also touch on ASIC prices and manufacturer competition, including why MicroBT’s Whatsminers are more expensive than other models, and whether or not Auradine and Canaan will be competitive in the near-future.Finally, we close on his takes regarding Bitmain’s newest hydro model, the U3S21EXPH.Enjoying the show? Check out our newsletter at miningpod.blockspace.media!Timestamps:00:00 Start01:29 Update03:11 New ASIC frustrations04:16 ASIC price competition06:20 Why MicroBT expensive06:57 Canaan & Auradine07:52 S21 deployment experience09:46 ASIC failure rate10:51 Repairs12:46 Paraguay ASIC repair cost14:44 S21 deliveries16:07 S21 quirks?18:39 New Bitmain units20:02 Current ASIC market23:05 U3S21EXPH Rack System27:08 New equipment pushing market splitPublished 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! 👉 Check out Bitcoin Season 2 and The Gwart Show.Follow our host on Twitter: @wsfoxley Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Will and Colin hop on for another duo pod this week for one of the most eclectic roundups yet. The numbers are in for August for the public bitcoin mining world, and these companies are slowly (but steadily) expanding their hashrate, while also collectively selling more than 1,200 BTC over the month. In a testament to bitcoin mining’s utility for utilities, Japan’s largest power company, Tokyo Electric Power Company (TEPCO), is mining bitcoin with a portion of its renewable energy assets. Finally, the lads breakdown the juicy details of sidechain Fractal Bitcoin’s first week. And in this week’s cry corne – in which Darryl Cooper (Martyr Made) gets BSV-pilled – they touch on the irony of an alternative historian storing his podcasts on a blockchain launched by a man who tried rewriting the history of Bitcoin.Timestamps:00:00 Start02:05 Difficulty update05:03 August miner updates11:29 Tokyo mining BTC!17:49 Fractal Bitcoin update25:12 Cry Corner: Darryl Cooper BSV pilledPublished 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! 👉 Check out Bitcoin Season 2 and The Gwart Show.👉 Watch our newest documentary, The Big Empty!Follow our host on Twitter, @wsfoxley, @asilayhodling. Learn more about your ad choices. Visit megaphone.fm/adchoices