IREN continues its hot streak with a big raise, and crypto ETFs saw a record week last week.
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Welcome back to The Mining Pod! Today, Ethan Vera from Luxor joins us live from NABs in Dallas to talk about IREN's $875 million convertible note following their AI cloud deal announcement, Luxor's launch of an ERCOT-certified retail electric provider enabling Bitcoin-native power payments, last week's record-breaking $5.95 billion in crypto ETF inflows, and a word on Bitcoin mining in China.
Notes:
• Hash rate exceeds 1000 exahashes per second
• Hash price at $50.81 per petahash per day
• IREN raised $875M via 0% convertible note
• $5.95 billion in crypto inflows last week
• China represents estimated 14.05% of Bitcoin hash rate
• Iron secured $225M revenue over two years
Timestamps:
00:00 Start
02:13 Difficulty Report by Luxor
04:23 IREN
09:43 Cleanspark Ad
10:12 Luxor Energy announcement
16:40 Bull market doing it's thing
20:22 China hashrate research
