FILL OUT THE MINING POD SURVEY BY CLICKING HERE
Welcome back to The Mining Pod! Today, Tyler Page (CEO) and Chris Totin (CCO) from Cipher Mining join us to talk about their strategic pivot from pure-play bitcoin mining to hybrid approach with AI/HPC data centers, SoftBank's $50M investment, the ins-and-outs of building HPC data centers, and why they're betting big on the convergence of bitcoin mining and artificial intelligence workloads.
**Notes:**
• Cipher has 2.7 cents/kWh electricity costs
• SoftBank invested $50M in Cipher through private placement
• Barber Lake site: 300MW capacity with substation
• Texas has 397GW generation in queue over 5 years
• Construction workforce growing only 1% annually
Timestamps:
00:00 Start
00:33 Intro Tyler
01:44 Intro Chris
03:55 Access to capital
06:43 Debt financing
10:37 Selling BTC for operations
16:29 Barber Lake update
20:24 Agnostic greenfield site design
25:02 HPC vs mining design challenges
31:49 Stingray
34:32 Finding facility buyers
37:01 Softbank
39:47 Greenfield vs retrofit
45:15 Are all miners flipping to HPC?
48:47 Hybrid sites
