Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik is joined by Dan Roberts, CEO of IREN, a data center operator focused on bitcoin mining and generative AI computing. Dan discusses how his company approaches the race for low-cost renewable energy to power bitcoin mining and AI cloud computing services, including the decision between buying Bitmain miners or NVIDIA GPUs, how operating data centers gives IREN an advantage, and the strategy behind trying to find cheap renewable power.

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