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Welcome back to The Mining Pod! Today, Will, Colin, and Matt touch on Bitcoin’s hashrate hitting an all-time high of 972 EH/s, Trump's proposed 100% semiconductor tariffs, false Chinabitcoin mining ban rumors, MicroStrategy's 2.5x NAV share issuance rule, and tracking down a $3.5B mining pool heist (now worth $14.5B!) four years later.

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**Notes:**

• Hash rate reaches 972 EH/s all-time high

• 1.4% difficulty adjustment expected 

• Hash price at $58 per PH/day

• 100% semiconductor tariff proposed

• China controls 13-14% of network hash

• $3.5B mining pool heist now worth $14.5B

Timestamps:

00:00 Start

02:36 Difficulty Report by Luxor

07:41 Tariffs... again

13:59 No, China is not banning bitcoin mining again

21:56 MSTR will no longer issue equity under 2.5x mNAV

33:25 Cry Corner: Mining pool heist

👉CleanSpark, America's Bitcoin Miner!

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner!®, is a market-leading, pure play 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 to monetize low-cost, high reliability energy while securing the most important finite, global asset – Bitcoin.

👉 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.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

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!

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Welcome back to The Mining Pod! Today, Nolan and Donny join us to talk about the BitAxe pleb mining revolution, home mining setups, BitAxe device modifications, the lottery aspect of solo mining, heating applications, and why these small miners are becoming the best educational tool for understanding Bitcoin mining from the ground up.

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**Notes:**

• Gamma miners run at 1.2 TH/s using 15-20W

• Nerd QX++ delivers 4.8 TH/s stock performance

• BitAxe costs under $100 per terahash

• One in 260 million daily block chance

Timestamps:

00:00 Start

03:07 Nolan background

05:35 BX Gamma miner

07:10 Donny background

11:15 Typical pleb miners

19:26 Reasons for mining

23:06 Cleanspark

23:35 Heating Texas apartment

28:09 Personal mining setups

29:28 NerdQ Axe ++ (modification)

45:41 Hardware talk

55:35 Efficiency improvements

57:27 Parasite Pool

1:00:51 Wrap up

👉CleanSpark, America's Bitcoin Miner!

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner!®, is a market-leading, pure play 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 to monetize low-cost, high reliability energy while securing the most important finite, global asset – Bitcoin.

👉 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.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

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!

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Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews

Welcome back to The Mining Pod! Today, Colin and Matt dive into Mara's Q2 earnings, the SEC's approval of in-kind Bitcoin ETF redemptions, Bitmain onshoring manufacturing to the US, and JPMorgan's prediction that pure play miners will outperform HPC hybrids as the field becomes oversaturated with AI pivots.

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**Notes:**

• Mara revenue up 12% to $238.5M in Q2

• Bitcoin at $118k with hash rate at 900 EH/s

• Hash price around $58.70/PH/day

• Fees represent only 1% of block subsidy

• Bitmain shipped 187 tons of parts to US

• SEC approves in-kind BTC ETFs

Timestamps:

00:00 Start

02:24 Difficulty Report by Luxor

06:21 MARA Q2 earnings call

14:29 Cleanspark

15:01 SEC in-kind Bitcoin ETF approval

20:43 Bitmain is shipping in Antminer parts to the US

28:30 Pure-play miners to outperform as HPC hybrids

👉CleanSpark, America’s Bitcoin Miner!

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading, pure play 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 to monetize low-cost, high reliability energy while securing the most important finite, global asset – Bitcoin.

👉 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.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

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

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews

Welcome back to The Mining Pod! Today, Aydin Kilic, CEO of Hive Blockchain joins us to talk about their plan to scale to 25 EH/s by year end, the Paraguay expansion using new Bitmain hydro units, the company’s ATM funding strategy, and their pivot into HPC.

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**Notes:**

• Scaling from 12 to 25 exahash by year end

• 200MW Paraguay site bought for $400k/MW

• 18% share dilution in Q1 from ATM usage

• $500M mining margin target at 25 EH/s

• 50% gross mining margins currently

• $40M profit on Bitcoin pledge trade

Timestamps:

00:00 Start

03:02 NYC trip

04:58 25 Exahash goal

07:35 Surviving bear markets

18:20 Fractal Bitcoin

18:59 ATM

24:05 Next steps 2025

👉 Fractal Bitcoin, Is Bitcoin’s most active scaling solution already here?

Fractal’s rapid hashrate growth and transaction growth suggest it might be. A new report by Blockspace Media breaks down Fractal Bitcoin. Read the full report here.

👉 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.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

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!

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Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews

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Welcome back to The Mining Pod! Today, Will, Colin, and Matt discuss Antalpha’s CEO becoming the chair of Cango, how the Big Beautiful Bill affects bitcoin miners, OpenAI and Oracle’s 4.5GW datacenter plans, last week’s record crypto ETF inflows of $4.39B, and Joe McCann's Solana treasury SPAC.

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**Notes:**

• Hashprice stable at $60/hash/day

• Antalpha CEO now chair of Cango 

• BBB allows 100% equipment depreciation 

• OpenAI and Oracle plan 4.5GW data center

• $4.39B crypto ETF inflows weekly

Timestamps:

00:00 Start

04:59 Anatalpha CEO → Cango chairman

13:02 BBB impact on Bitcoin miners

22:06 Fractal Bitcoin

22:45 $4.39B in flows last week

25:53 Stargate OpenAI<>Oracle 4.5 GW

29:10 SoftBank and OpenAI’s $500 Billion AI Project

36:33 Joe Mcann’s fails after 80% drop

👉 Fractal Bitcoin, Is Bitcoin’s most active scaling solution already here?

Fractal’s rapid hashrate growth and transaction growth suggest it might be. A new report by Blockspace Media breaks down Fractal Bitcoin. Read the full report here.

👉 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.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

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

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews

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Welcome back to The Mining Pod! Today, VanEck’s Head of Digital Assets Research Matthew Sigel joins us to talk about Core Scientific's massive $9B CoreWeave acquisition deal, whether Bitcoin treasury companies are getting too crowded with 30+ deals in pipeline, AI infrastructure pivots among miners, and if the crypto equity boom is here to stay.

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**Notes:**

• Core Scientific $9B all-stock deal with CoreWeave

• 850MW HPC/AI infrastructure potential capacity  

• US listed miners hit 31% global hash rate 

• 30,000+ Bitcoin bought by 15 treasury companies

• Meta Planet trading at 5x Bitcoin NAV premium

• $150M annual revenue target for Hut 8's AI business

Timestamps:

00:00 Start

02:55 Coreweave & Core Scientific

07:40 Coreweave's BTC mining operation

08:52 Volatility & Coreweave's stock price

12:25 Fractal Bitcoin

13:05 Future of pure BTC miners

17:45 American Bitcoin

20:54 What's keeping public miner stock prices suppressed?

24:02 Too many treasury companies?

29:58 International strategies

35:45 Gamestop & Semler Scientific

39:27 Bit Digital ETH pivot

42:49 Cycle narrative

👉 Fractal Bitcoin, Is Bitcoin’s most active scaling solution already here?

Fractal’s rapid hashrate growth and transaction growth suggest it might be. A new report by Blockspace Media breaks down Fractal Bitcoin. Read the full report here.

👉 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.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

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

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Charlie and Colin dive deep into investigative journalism that reveals the US government's Bitcoin holdings are far more complex than anyone realized. After a $10K bounty led to a FOIA request, we discovered the US Marshals Service holds just 29,000 Bitcoin - not the 200,000 widely reported. We explore seized vs forfeited assets, government custody practices, and why Senator Lummis got it wrong.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

**Notes:**

• US Marshals hold 29,000 Bitcoin worth $3.4B

• Arkham shows 198,000 Bitcoin for US government

• US sold 195,000 Bitcoin for $366.5M total

• Bitfinex hack involved 94,000 seized Bitcoin

• Government peak holdings: 237K Bitcoin (2022)

• $10K bounty offered for Marshal data

Timestamps:

00:00 Start

00:47 Lola investigates

05:27 29k BTC

11:03 Politicians enter the chat

17:47 Government custody providers

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]

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FILL OUT THE SURVEY BY CLICKING HERE

Welcome back to The Mining Pod! Today, Colin, Charlie, and Matt talk Bitcoin's surge to $123K and its impact on mining economics, Bit Digital's WhiteFiber IPO prospectus and pivot to an Ethereum treasury strategy, public miner executive compensation, BIT Mining’s Ethiopia expansion, and the Mempool.space’s "Baja Blast Summer" (i.e., ultra-low transaction fees).

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**Notes:**

• Bitcoin reached $123K all-time high

• Hash price at $60 per petahash per day

• Exec compensation $14.4M in 2024

• Bit Digital raising $67.3M for ETH pivot

• WhiteFiber IPO shows $47.6M 2024 HPC revenue

• Ethiopia data centers use 30% of country’s energy 

Timestamps:

00:00 Start

03:17 Difficulty Report by Luxor

08:33 Fees are SO LOW!

11:12 Bit Digital WhiteFiber S-1

14:21 Bit Digital ETH treasury

22:09 Fractal Bitcoin

22:48 VanEck: Executive Pay

27:27 BIT Mining Ethiopian data center

30:17 Cry Corner: Baja Blast Summer

👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy.

And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today!

👉 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.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

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

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews

FILL OUT THE SURVEY BY CLICKING HERE

Welcome back to The Mining Pod! Today, Lee Bratcher, President of the Texas Blockchain Council, joins us to talk about the newly signed Senate Bill 6 that completely overhauls interconnection and curtailment rules for large loads over 75MW on the Texas grid. We cover the four primary pillars of this legislation, why the 4CP program changes could be more consequential than other provisions, and how this affects Bitcoin miners versus AI data centers.

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**Notes:**

• ERCOT expects 150GW growth by 2030 vs 120GW realistic

• 4CP minimum transmission charge could add 1¢/kWh

• 25,000MW of solar now on Texas grid vs near zero 5 years ago

• Large loads over 75MW subject to remote disconnect

• Bitcoin miners typically curtail at $100/MWh range

• Phantom load applications clog interconnection queue

Timestamps:

00:00 Start

02:45 What is SB6?

03:54 Clarification

05:23 Behind the meter

06:49 Remote disconnect

09:09 Changes to 4CP program

14:28 Minimal transmission charge

18:32 NatGas behind the meter

20:05 Load redundancy

22:43 Phantom load

24:33 Loads covering infra cost

28:31 Rollout timeline

30:56 Voltage requirements

37:23 Is this a good bill?

40:56 Batteries

42:56 Wrap up

👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy.

And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today!

👉 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.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

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

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https://forms.gle/DFpR9MyhWo1NQ8T39

Gwart joins us to talk about the collapse of crypto's "public goods" era and why the revenue meta is taking over. We dive deep into the fat protocol thesis, why DAOs failed, the difference between Bitcoin and crypto, and how builders are finally focusing on sustainable businesses instead of token hacking.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

**NOTES:**

• Pump.fun crossed hundreds of millions in revenue

• Fat protocol thesis originated 2016-2017

• iPhone example: $1,000 vs theoretical $10,000

• Uniswap has fee switch but hasn't turned it on

• Thread guy has 5% Bitcoin portfolio allocation

• Bitcoin could 10x in next five years

Timestamps:

00:00 Start

01:59 Bitcoin vs Crypto

06:08 What does Gwart "believe" in?

08:33 Revenue Meta & Fat Protocol Thesis

13:36 Interpreting the Fat Protocol Thesis

19:25 Analogies to Linux, etc

27:18 Is the DAO dead?

31:27 Devs

37:35 Creators of the Revenue delusion

40:46 Are stonks the new tokens?

45:01 Solana maxi

50:22 Real World Assets ;P

53:10 Minting new BTC maxis

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices