Episode notes
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Welcome back to The Mining Pod! Today, Haley Thomson, the director of energy trading at Luxor Technology, joins us to talk about how AI demand is impacting the ERCOT power market. For news, we break down Nvidia's Q3 earnings and the market's Thursday morning reversal, dissect a load growth report that suggests there are currently 166GW of US load growth demand through 2030, and discuss Cipher's $830M extension with Fluidstack. And for this week’s cry corner, The Financial Times is doing its best to report on AI like it has with Bitcoin.
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**Notes:**
• Hash price at all-time low: $36.97/PH/day
• Previous low was August 2024 at $38/PH/day
• 166GW load growth projected through 2030
• Cipher's deal: $830M over 10 years
• Google backstop: $333M revenue guarantee
• Oracle lost $350B market cap post-AI deal
Timestamps:
00:00 Start
01:56 Difficulty report
07:32 Nvidia smashes earnings
12:24 Grid Strategy Forecast Report
36:37 Cipher Fluidstack deal
39:25 Cry Corner: Oracle down bad?
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