Blockspace: Iran’s Hormuz Safe BTC Insurance, Prime Trust’s Swan Lawsuit, Hive’s 320 MW AI Data Center

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4.7 • 698 Ratings

🗓️ 19 May 2026

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Iran wants tankers to pay for maritime insurance in BTC with its Hormuz Safe program, and the Prime Trust estate is suing Swan to claw back nearly $1B in assets. Welcome back to The Blockspace Podcast! Today, we cover the bombshell news that Iran is now accepting bitcoin for maritime insurance for tankers trapped in the Strait of Hormuz. Francis Corvino of Lygos Finance joins us to talk about why he believes this is the greatest threat to the Bitcoin network yet, plus his takes on STRC, SATA, and “digital credit.”. We also break down the lawsuit where the Prime Trust Bankruptcy Trust is seeking to claw back nearly $1 billion from Swan Bitcoin, as well as similar clawbacks from Circle, Strike parent company Zap, and Huobi. We also look into the public backlash surrounding a proposed 9-gigawatt data center in Utah, IREN’s acquisition of Awaken Media, and Hive's 320 MW AI data center in Canada. 👉CleanSpark (Nasdaq: CLSK), a market-leading data center developer with a proven track record of success. 👉Luxor, Blockspace's preferred mining pool. Start hashing today with Luxor! 👉Lygos Finance, Borrow against your Bitcoin, without compromising on custody.

Transcript

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0:00.0	What is up, y'all?
0:06.0	Welcome back to Blockspace Live, brought you by Clean Spark.
0:09.2	We are back for another week covering all of the most important news in AI and Bitcoin.
0:14.7	And today, Charlie, we've got a lot to talk about.
0:17.5	Over the weekend, reports leaked from Iranian media that no, no, no, the Iranian regime
0:22.9	is not going to take a toll in Bitcoin for tankers trapped in the Strait of Pormuz. They're going to
0:28.1	offer insurance because, Charlie, they're just really nice guys like that. That will be our top
0:33.3	story for today. And after that, we have Francis Corvino of LIGO's finance on to talk about why he
0:38.1	thinks this is one of the greatest threats to the Bitcoin Network since the China mining ban.
0:41.5	We're also going to touch on digital credit vis-a-vis strike or excuse me, stretch and SATA.
0:48.5	After that, we have got a bombshell story where the Prime Trust bankruptcy trust is seeking to claw back nearly
0:56.4	a billion dollars in assets from Swan Bitcoin.
1:00.1	And it says were transferred in the days leading up to the bankruptcy or amid the bankruptcy.
1:05.9	And how the larger story here is actually Prime Trust is trying to claw back a decent amount of Bitcoin
1:11.8	and cash from a number of crypto companies, including Strike and Circle. We'll get to that for
1:17.8	our second story. And then for our third story, not so much a news item as much as a vibe feeler.
1:24.9	Everyone hates data centers now. This is a seemingly bipartisan thing.
1:29.5	And over the weekend, everyone was losing their minds on the internet about this data center
1:33.0	nine gigawatt proposed in Utah and its potential effects on the local environment,
1:37.8	including this claim that the heat exhaust from the data center and the power needed to
1:42.4	furnish it would be equivalent to like 23
1:44.6	Nagasaki bombs.
	...

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