The Mining Pod | Blockspace Media

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Welcome back to The Mining Pod! Today, Sean McDonough, president and founder of New West Data joins us to talk about the company’s vertically integrated oil and gas bitcoin mining operations in Alberta, Canada. We explore the pros and cons of full O&G ownership versus JV partnerships, barriers for large oil companies entering Bitcoin mining, regulatory considerations in Alberta, and the convergence of oil, gas, and AI data centers.

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**Notes:**

• New West: $1.5M CAD per megawatt CapEx cost

• Alberta flare gas mining still relatively small scale

• Dual revenue streams: oil sales + Bitcoin mining

• Cash flows split evenly between oil and Bitcoin

• Generators are largest CapEx item, more than miners

• Hash rate trading in 800-900 range for months

00:00 Start

02:38 New West

04:26 Ownership instead of service

07:35 Why don't we see more miner vertical integration

10:06 JV's and risk

10:56 Nat Gas economics

12:30 Nat Gas more profitable than mining?

15:48 Regulation in Alberta

17:57 Understanding of BTC mining in Alberta

19:58 Drillers shifting thinking

24:37 Economics of pure play Nat Gas mining?

28:45 Have oil producers soured on BTC miners?

32:55 NYDIG & Caruso buyout

36:09 Ai energy bottleneck

41:00 Hashrate predictions

42:41 Hashrate chart waves

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Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

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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, Will, Colin, Matt, and Nick discuss Bitcoin mining's summer slowdown, American Bitcoin's massive 25 EH/s anticipated ramp up, a big week for public miner fundraising, Amazon's $20B Pennsylvania data center investment, institutional ETF flows showing hedge fund exits, and the controversial filter wars dividing Bitcoin's community.

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**Notes:**

• Hash rate trading 820-930 EH range lately

• American Bitcoin raising for $320M U3S21EXPH buy

• IREN upsizes convertible note to $500M 

• Amazon investing $20B in Pennsylvania

• Hedge fund ETT holdings dropped from 122K to 83K BTC in Q1

00:00 Start

01:12 Difficulty Report by Luxor

06:37 American Bitcoin $320M U3S21 Cost

13:40 Fundraising season

23:07 Hedge funds ditched BTC ETFs in Q1

32:08 Amazon going balls deep in PA

37:41 Cry Corner - The Filter Boys Mount UP!

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👉 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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FILL OUT THE MINING POD SURVEY BY CLICKING HERE

Welcome back to The Mining Pod! Today, Dipul Patel, CTO of Soluna, joins us to talk about renewable-powered Bitcoin mining operations, including Soluna's Project Annie - a 75MW solar-powered data center in northeast Texas. We dive into the challenges of behind-the-meter renewable mining, curtailment solutions, production tax credits, and how Bitcoin mining can solve renewable energy's biggest problems.

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Notes:

- Project Annie: 75MW data center, 140MW solar farm

- Texas has massive renewable energy scale

- Production tax credits incentivize green energy

- Behind-the-meter regulations are complex

- Wind farms often run at 30-40% capacity

- Battery storage too expensive for Bitcoin mining

Timestamps:

00:00 Start

01:51 Green energy

07:34 Behind the meter

10:36 Markets other than Texas

14:01 Renewable energy credits

17:05 Project Annie

19:33 Tax credit rules

26:38 Renewables, AI & uptime

33:16 Owning vs service provider

37:11 Headwinds for renewables

44:43 Batteries

👉 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

FILL OUT THE MINING POD SURVEY BY CLICKING HERE

Welcome back to The Mining Pod! Today, Will, Colin and Matt talk about May mining production numbers from major players like CleanSpark, Riot, and Marathon; the explosive growth of corporate Bitcoin treasury companies following MicroStrategy's playbook; and CoreWeave’s $7 billion deal with Applied Digital. Plus, for this week’s cry corner, silver just hit a 13-year high, but it’s still only up 5% in those 13 years…

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**Notes:**

• Hash price currently around $52 per petahash/day

• CleanSpark mined 694 BTC in May at 45.6 EH/s

• Riot sold 500 BTC for $51M operational costs

• Marathon holds almost 50,000 Bitcoin treasury

• Applied Digital signed $7B, 15-year AI deal

• Silver hit $36, highest since February 2012

Timestamps:

00:00 Start

01:08 Difficulty Report by Luxor

06:16 Monthly Production Figures

16:55 Fractal Bitcoin

17:30 The Bitcoin Treasury Movement

24:16 Saylor’s copycats fall behind

30:03 Applied Digital and CoreWeave

33:27 Cry Corner - Silver rips higher

37:43 Circle IPO

👉 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

FILL OUT THE MINING POD SURVEY BY CLICKING HERE

Welcome back to The Mining Pod! Today, Tyler Page (CEO) and Chris Totin (CCO) from Cipher Mining join us to talk about their strategic pivot from pure-play bitcoin mining to hybrid approach with AI/HPC data centers, SoftBank's $50M investment, the ins-and-outs of building HPC data centers, and why they're betting big on the convergence of bitcoin mining and artificial intelligence workloads.

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**Notes:**

• Cipher has 2.7 cents/kWh electricity costs

• SoftBank invested $50M in Cipher through private placement

• Barber Lake site: 300MW capacity with substation

• Texas has 397GW generation in queue over 5 years

• Construction workforce growing only 1% annually

Timestamps:

00:00 Start

00:33 Intro Tyler

01:44 Intro Chris

03:55 Access to capital

06:43 Debt financing

10:37 Selling BTC for operations

16:29 Barber Lake update

20:24 Agnostic greenfield site design

25:02 HPC vs mining design challenges

31:49 Stingray

34:32 Finding facility buyers

37:01 Softbank

39:47 Greenfield vs retrofit

45:15 Are all miners flipping to HPC?

48:47 Hybrid sites

👉 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

PortlandHODL explains Bitcoin's most dangerous vulnerability: poison blocks. These malicious blocks can freeze nodes for 11+ hours on Raspberry Pi devices and 25 minutes on enterprise hardware, creating profitable attack opportunities for miners while exposing how relay policy acts as an accidental guardian of the network.

Follow our guests: @PortlandHODL

Notes:

• Poison Blocks (denial of service)

• Raspberry Pi validation: 11 hours for poison blocks

• Enterprise hardware: 25 minutes validation time  

• Attack gives 20% effective hash rate boost

• Fix exists in Great Consensus Cleanup

• Bitcoin fees currently under $1

Timestamps:

00:00 Start

00:53 Real threats to Bitcoin

04:55 How is block made?

11:46 Nodes & DOS blocks

20:03 Making DOS blocks

29:33 Arch Network

30:05 Miners & DOS blocks

36:46 Attack response time

40:47 Fixing the problem

43:25 Why not fixed yet?

54:12 Client diversity

1:01:11 Other good soft forks

1:05:12 Are you worried?

1:10:03 "Deep Thoughts" by Portland HODL

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👋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.

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Welcome back to The Mining Pod! Today, Colin and Will are recording from the Las Vegas Bitcoin Conference. They drop in on topics like Bitmain's new Antminer S23 series achieving sub-10 joules per terahash efficiency, Swan's paused lawsuit against former mining employees and contractors, Pakistan's ambitious 2GW allocation announcement, the Trump administration tariff legal battles, and the legendary Skull of Satoshi donation drama. Plus, an update on Cango!

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**Notes:**

• Bitcoin price: $105K, Network Hashrate: 917 EH/s per @luxor

• Antminer S23: First sub-10 J/TH efficiency @bitmain

• Pakistan allocates 2GW for mining

• @Swanbitcoin lawsuit paused by federal judge

• Conference grew from 2K to 35K attendees @thebitcoinconference

Timestamps:

00:00 Start

01:23 Difficulty Report by @hashrateindex

04:15 Bitmain new models

07:44 Swan court case

12:04 Pakistan mining

13:59 @FractalBitcoin

14:34 Tariffs, tariffs, tariffs

18:38 Cry Corner: The Skull & Ripple

22:07 Cango

👉 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

FILL OUT THE MINING POD SURVEY BY CLICKING HERE

Welcome back to The Mining Pod! Today, Nazar Khan, co-founder of TeraWulf, joins us to talk about the company's move into AI data centers. We talk about the Core42 partnership, breakout costs to build a facility, and their 750MW Lake Mariner site development plans.

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

Timestamps:

00:00 Start

01:18 Introduction

04:04 Talen & Amazon

09:44 Core 42

12:28 Lake Mariner site

17:04 Memphis XAI site build

18:49 Ordering hardware

24:27 Fractal Bitcoin

25:02 Anchor tenant search

31:59 Build cost

36:46 Water use

38:32 Core 42 details

46:03 BTC mining skepticism

47:29 Managing mining & HPC

53:34 Hiring

55:38 2 technology stacks

57:54 Supply chains

1:01:11 Buildout complications

1:08:26 Core team longevity

1:13:35 Orangpilling Beowulf

1:18:42 UAE

👉 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

Charlie and Colin reveal the shocking truth about Bitcoin Pizza Day that mainstream media got wrong. Laszlo didn't just spend 10,000 Bitcoin on pizza - he spent nearly 80,000 Bitcoin throughout 2010! We dive deep into how his GPU mining discovery revolutionized Bitcoin, why Satoshi sent him a concerned email, and how this "penance" may have actually saved Bitcoin's decentralization in its early days.

**Notes:**

• Laszlo spent ~80,000 Bitcoin total on pizza in 2010

• GPU mining was 10x more powerful than CPU mining

• Bitcoin hash rate increased 130,000% by end of 2010

• Laszlo had 1-1.5% of entire Bitcoin supply 2009-2010

• His wallet peaked at 43,854 Bitcoin

• Total wallet flows were 81,432 Bitcoin

Timestamps:

00:00 Start

00:28 Lies, damn lies.. and pizza

02:21 What actually happened

05:46 It's actually WAY MORE than you think

11:15 Arch Network

11:47 Laslo "saved" Bitcoin

19:12 Pizza or penance?

-

👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

-

👋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

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Check out our free report on forecasting Bitcoin’s hashrate!

Welcome back to The Mining Pod! Bitcoin is ripping and just set an all-time high of $112,000. Bitcoin mining stocks are rallying hard in return, and we cover the winners (and laggards) at the top of the show. Plus, company updates on Cango’s 18 EH/s expansion and Cipher's $150M convertible note, how Texas is on the cusp of establishing a bitcoin strategic reserve, and Parasite Pool's novel "plebs eat first" payout model.

# Notes:

• Bitcoin reaches all-time high above $111,000

• Hash price sits at $58/PH/day

• Cango exercises 18 EH/s purchase option

• Cipher Mining raises $150M convertible note

• Network hashrate at 880 EH/s currently

Timestamps:

00:00:00:00 Start

00:01:55:11 Hashprice forecast with Luxor

00:04:38:24 Mining Stocks Rip upwards

00:10:39:09 Fractal Bitcoin

00:11:14:07 Cango & Antalpha sale

00:16:55:06 Cipher growing fleet

00:22:56:27 Texas passes first part of SBR

00:26:31:17 New Pleb mining pool

👉 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.

👉 @Digital_Shovel, All Things Crypto Mining!

Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices for a complete datacenter, including Smart PDUs and switchgear.

For more information, visit www.DigitalShovel.com

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