BTC036: Bitcoin Mining Update w/ Harry Sudock (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Focus on Balance Sheet over Valuation
The speaker shifted their focus from initial curiosity in Bitcoin to believing that balance sheets will replace valuation in the future. They emphasize the importance of businesses generating free cash flow and reinvesting it in the balance sheet for compounding growth, rather than relying on constant funding rounds for growth.
IN THIS EPISODE, YOU’LL LEARN:
- 01:14 - Harry's Background in Finance and Bitcoin
- 04:05 - Harry's thoughts on balance sheets becoming more important moving forward
- 10:51 - How mining businesses in the US and abroad are purchasing hardware
- 13:39 - Harry's thoughts on the great mining hardware migration out of China
- 36:06 - Does hash rate drive price or does price drive hash rate?
- 41:56 - Harry's thoughts on the ESG mining council
- 42:29 - Geothermal mining
- 50:53 - Harry's thoughts on regulator vulnerabilities and where the best locations to mine are
- 51:29 - Thoughts on the Blockstream mining note
- 58:26 - How to convince big stat grid operators to start mining Bitcoin
- 01:03:04 - When a new high in hash rate might occur
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Harry Sudock's Twitter handle
- Harry's book recommendation, The Grid
- Harry's company, Griid
- Check out our Investing Starter Packs about business and finance
- Browse through all our episodes (complete with transcripts) here
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