Episode notes
Harry Sudock and Rory Murray from CleanSpark join the show to explain how Bitcoin miners are building entirely new treasury strategy around Bitcoin.
Instead of simply mining Bitcoin and selling it for cash, companies like CleanSpark are now borrowing against it, generating yield from it, using it as collateral, and turning their Bitcoin balance sheet into a tool for expansion.
We get into why Bitcoin may become the best collateral in global markets, how miners are using treasury strategies like covered calls and basis trades to increase returns, why Bitcoin backed lending markets are rapidly maturing, and how these strategies could completely reshape the way companies manage capital.
We also discuss the AI data centre boom, why Bitcoin miners are expanding into AI infrastructure, how Bitcoin and AI are competing for energy, and why the future of Bitcoin mining may actually become more decentralised as AI grows.
FOLLOW:
Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny
Harry Sudock: https://x.com/harry_sudock
Rory Murray: https://x.com/sprainhill
THANKS TO OUR SPONSORS:
LEDN: https://learn.ledn.io/wbd
BITKEY: https://bitkey.world/
ANCHORWATCH: https://www.anchorwatch.com/
BLOCKWARE: https://mining.blockwaresolutions.com/wbd
SWAN: https://www.swan.com/wbd
CLUB ORANGE: https://www.cluborange.org/
CAPE: https://www.cape.co/wbd
SUBSCRIBE TO THE PODCAST:
FOUNTAIN: https://fountain.fm/show/gpascDml6iI0sM8aTOCT
SPOTIFY: https://open.spotify.com/show/18Pixm6jNMATYXSO6cUnTH
APPLE PODCASTS: https://podcasts.apple.com/gb/podcast/defiance/id1482455669
WEBSITE: https://www.whatbitcoindid.com/
CHAPTERS:
00:00:00 – Introduction
00:02:48 – Why Bitcoin Miners Are Moving Into AI
00:05:12 – Will AI Decentralise Bitcoin Mining?
00:13:41 – The AI Data Centre Playbook
00:23:36 – Why Bitcoin Belongs On The Balance Sheet
00:28:39 – The CleanSpark Capital Idea
00:34:56 – Where Bitcoin Yield Comes From
00:39:42 – Using Covered Calls On Mined Bitcoin
00:51:42 – Why Bitcoin Is Better Collateral
00:57:10 – The Bitcoin Treasury Strategy Revolution
What Bitcoin Did with Danny Knowles
#Bitcoin #Finance #Money #Economics
Instead of simply mining Bitcoin and selling it for cash, companies like CleanSpark are now borrowing against it, generating yield from it, using it as collateral, and turning their Bitcoin balance sheet into a tool for expansion.
We get into why Bitcoin may become the best collateral in global markets, how miners are using treasury strategies like covered calls and basis trades to increase returns, why Bitcoin backed lending markets are rapidly maturing, and how these strategies could completely reshape the way companies manage capital.
We also discuss the AI data centre boom, why Bitcoin miners are expanding into AI infrastructure, how Bitcoin and AI are competing for energy, and why the future of Bitcoin mining may actually become more decentralised as AI grows.
FOLLOW:
Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny
Harry Sudock: https://x.com/harry_sudock
Rory Murray: https://x.com/sprainhill
THANKS TO OUR SPONSORS:
LEDN: https://learn.ledn.io/wbd
BITKEY: https://bitkey.world/
ANCHORWATCH: https://www.anchorwatch.com/
BLOCKWARE: https://mining.blockwaresolutions.com/wbd
SWAN: https://www.swan.com/wbd
CLUB ORANGE: https://www.cluborange.org/
CAPE: https://www.cape.co/wbd
SUBSCRIBE TO THE PODCAST:
FOUNTAIN: https://fountain.fm/show/gpascDml6iI0sM8aTOCT
SPOTIFY: https://open.spotify.com/show/18Pixm6jNMATYXSO6cUnTH
APPLE PODCASTS: https://podcasts.apple.com/gb/podcast/defiance/id1482455669
WEBSITE: https://www.whatbitcoindid.com/
CHAPTERS:
00:00:00 – Introduction
00:02:48 – Why Bitcoin Miners Are Moving Into AI
00:05:12 – Will AI Decentralise Bitcoin Mining?
00:13:41 – The AI Data Centre Playbook
00:23:36 – Why Bitcoin Belongs On The Balance Sheet
00:28:39 – The CleanSpark Capital Idea
00:34:56 – Where Bitcoin Yield Comes From
00:39:42 – Using Covered Calls On Mined Bitcoin
00:51:42 – Why Bitcoin Is Better Collateral
00:57:10 – The Bitcoin Treasury Strategy Revolution
What Bitcoin Did with Danny Knowles
#Bitcoin #Finance #Money #Economics
