Episode notes
Subscribe to the Blockspace newsletter for market-making news as it hits the wire!
Welcome back to The Mining Pod! Today, Colin and Matt talk about two massive hyperscaler deals that have upped the expectations for AI-pivots. Cipher Mining just secured a $5.5B, 15-year lease with Amazon Web Services for 300MW at their Bear Lake facility, while IREN signed a $9.7B, 5-year deal with Microsoft for 200MW in Texas. We also cover highlights from public miner Q3 earnings that have trickled through so far, a bitcoin miner lawsuit that involves OpenAI, and why Warren Buffett's Pacific Power’s loss with Amazon is a win for bitcoin miners. Plus: Will China win the AI race? Nvidia’s CEO thinks yes.
Notes:
• AI runway better than mining for miners
• IREN Microsoft deal is a win for powershell model thesis
• AI business lines give miners better access to capital
• Miners with exposure but no deals on the table could offer interesting opportunities
• Mining in the U.S. not done yet
• Cipher signs $5.5B AWS deal for 300MW facility
• IREN inks $9.7B Microsoft cloud compute agreement
• Hash price crashes to $40 per petahash per day
• Bitcoin retraced from $126K to $101K support
• Cipher announces 1GW data center JV project
• Pacific Power fails to deliver Amazon capacity
Timestamps:
00:00 Start
02:00 Difficulty Report by Luxor
05:05 Cipher Amazon deal
08:02 IREN Microsoft deal
13:56 Cleanspark Ad
14:25 Q3 earnings update
14:38 RIOT
14:54 MARA
15:34 HUT 8
16:08 CIPHER
18:23 CORZ workers comp lawsuit
21:08 China winning AI race?
26:31 Cry Corner: Buffett can’t MW
CleanSpark, America's Bitcoin Miner!
CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading Bitcoin miner with a proven track record of success. They own a fully self-operated portfolio of mining facilities across the U.S. powered by globally competitive energy prices. CleanSpark sits at the intersection of Bitcoin, energy, operational excellence and capital stewardship. Optimally monetizing low-cost, high reliability electricity positions them to prosper in an ever-changing world.
FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation
FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute.
Luxor, Leaders In Bitcoin Mining and Compute Power!
Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.
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!
Learn more about your ad choices. Visit megaphone.fm/adchoices
