Blockspace: IREN's 800MW in Australia, Zcash bug, and Google upscales to $84b

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 4 June 2026

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Charlie and Will break down the crash of Michael Saylor’s STRC, IREN's massive 800MW deal in Australia, a critical Zcash soundness bug, Google’s massive $80B equity raise for AI, and why Joe Wiesenthal calls this the coldest crypto winter ever. Janusz, former engineer at Electric Coin Company, joins us to talk about a potential Zcash soundness bug and the trade-offs of privacy versus auditability. Plus, Charlie and Will dive into Michael Saylor's STRC asset crash, IREN’s massive 800MW data center agreement in Australia, Google's unprecedented $80B equity upsize for AI infrastructure, and why the Texas grid is moving away from the 4CP mechanism. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Saylor's STRC credit dropped 5% to $94. * IREN’s total power pipeline exceeds 5GW. * Zcash Orchard pool holds 4.5M locked tokens. Timestamps: 00:00 Start 02:07 STRC down bad 05:03 IREN back to the AUS 13:37 Zcash bug with Janusz 28:20 Google upsizes deal 31:50 Jeff Park tweet 41:15 Joe Weisenthal thread 46:56 ERCOT & 4CP Check out our latest report, “What’s a Megawatt Worth?” where we quantify the trillion dollar opportunity for bitcoin miners venturing into the AI sector. Download here: https://megawattreport.com/ Subscribe to our newsletter to receive updates for all of our shows and content: https://newsletter.blockspacemedia.com 👉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	Welcome back to Blockspace Live.
0:07.4	You got Charlie and Will this time.
0:09.9	Collins traveling across the country on a secret block space mission.
0:14.1	We have a banger of a show today.
0:17.2	We're going to kick off monitoring the stretch situation.
0:20.8	It appears to be crashing. Then we're going to kick off monitoring the stretch situation. It appears to be crashing. Then we're
0:24.0	going to talk about iron, inking an 800-magawatt transmission connection agreement in Australia,
0:30.1	going back to their homeland. We got Zcash. Zcash is ripping, but we have some cold water
0:36.2	to throw on it.
0:41.2	And Google was not done raising.
0:42.8	They actually upsize it. We'll talk about that.
0:44.1	And is this the coldest crypto winter ever?
0:46.5	Joe Wisenhall from Bloomberg thinks so.
0:49.0	We're going to talk about that.
0:52.5	Blackspace go live on Wednesdays on weekdays at 1 p.m. Eastern featuring quick hits on the latest in Bitcoin mining AI and emerging tech, rather AI emerging tech and maybe a little Bitcoin sprinkled in.
1:04.7	This is a podcast. If you are listening live, that's great. But if you're trying to catch it later, we turn to a podcast
1:11.8	shortly after you can find that wherever podcasts are streamed. Will?
1:17.6	Coin desk as well. We're leaving the Coin desk network here shortly. So if you listen to us
1:22.8	on Coin desk, where I've enjoyed listening to us on Coin desk in the past, you're listening to it
1:26.8	right now. Be sure to go to your Spotify, your Apple, or wherever else you listen to podcasts and search
1:33.2	for Blockspace and add us.
1:36.4	Make sure to give us that five-star review and then hit that bell notification so you can
	...

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