Episode notes
Welcome back to The Mining Pod! Sam Tabar, CEO of NASDAQ-listed Bit Digital, joins us today to talk about Bit Digital’s post-Halving mining strategy and (more importantly) what the company is doing to scale its AI business line. Bit Digital earned $12.5 million with its HPC services in Q2-2024, the most of any AI-focused public bitcoin miner. During the show, Tabar discusses how they executed to reach this milestone, their aspirations to book $700 million in AI revenue over the next five years, and more – including a few choice words regarding miners who plan to retrofit existing bitcoin miners for AI/HPC jobs. Note, this podcast is for educational purposes only and is not financial advice.
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Timestamps:
00:00 Waiting room
02:02 Introduction
03:00 Biggest changes to bitcoin mining since Q1 2020
7:10 Why Bit Digital is committed to asset-light bitcoin mining
15:00 Four models for bootstrapping AI/HPC load
20:20 HPC compute pricing structures
23:00 Bit Digital sale-leaseback financing for HPC GPUs
25:20 $700m Boosteroid agreement details
29:20 Final thoughts
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!
Check out Bitcoin Season 2 and The Gwart Show.
Show links: https://hashrateindex.com/blog/tokenizing-hashrate-blockstream-mining-note-2-bmn2/
Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell
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"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.
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