Paul Prager (TeraWulf) Building a Zero Carbon Bitcoin Miner (EP.315)

TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. In this installment of the mining miniseries we cover: 

• Paul’s career trajectory from coal trading to energy infrastructure to Bitcoin
• Beowulf’s deal with Marathon and their entry into Bitcoin
• How TeraWulf distinguishes itself from other Bitcoin miners
• Why TeraWulf has an explicit ESG focus
• Zero carbon and how that differs from ‘carbon neutral’
• The importance of being vertically integrated
• How Paul thinks about the halvings and how that affects their business
• TeraWulf’s facility in upstate NY
• Paul’s views on NY State’s approach to Bitcoin mining
• How the Bitcoin mining industry struggles with proactive messaging
• TeraWulf’s 300 MW nuclear-powered facility in Pennsylvania
• Why Bitcoin is synergistic with nuclear power
• The prospects for nuclear bitcoin mining
• TeraWulf’s zero-carbon approach and how that manages risk
• TeraWulf’s plans for growing their hashrate under management
• The characteristics that TeraWulf looks for in new sites
• Will Bitcoin miners develop better transparency around emissions data?
• Why mining is so useful for decarbonization through curtailment programs
• The convergence between the energy sector and Bitcoin mining
• Why vertical integration and zero carbon will prevail in Bitcoin mining long term
• Trends in consolidation Paul expects
• Why vertical integration allows you to manage your risk better than a hosting model
• What public market analysts should be doing when they evaluate miners

Follow Paul on Twitter and learn more about TeraWulf.