BitGo going with its IPO. They were doing a roadshow, and they were raising at basically just under a $2 billion valuation with shares pricing between $15 and $17.15 a pop little history in them. They were founded in 2013. They have been around obviously for a while.

BitGo's probably most well known for wrapped Bitcoin, which was really important during DFI summer.

I don't take too many shots, but they're not that profitable.

Did you look at like how much their net profit is?

It's like one or two percent margin total or something.

Well, it's a custody company.

It's a custody because like, you know, how much can you make on custody?

But yeah, it's, you know, compared to like other IPOs, this is probably in its own category of it's, it's, God forbid, an actual business, but not some kind of, like, crazy, like, speculative, crazy valuation on it.

Hey, welcome back to the Blockspace podcast presented by Clean Spark. I'm joined with Charlie Spears this week. Colin is off in Nashville. Getting a bunch of recording sun for us. We'll look forward to those. On this week's show, we have a slate of news items to get to, including Open AI, joining Microsoft in his pledge to not push data center costs too high up

on resident consumers' electricity. Also have some funding announcements from Zebedee, which

raise $40 million, Coinbase announcing a quantum advisory board, BitGo going with its IPO,

and much more. But first, a word from our sponsors and then on to the

conversation. Charlie, we had a lot of news this week, not a lot of mining news, but we are

going to branch out a little bit, talk about markets, some compute, and then we'll finish with a few

notable stories that we both thought were worthwhile. But off the top, we got to talk about some

block space news, so we'll hit that really quickly. We got a lot of news. Blockspace news at the front,

though, because we have not one, but two announcements. Two announcements. So first one is Blockspace

purchased Bitcoin layers. It's a data aggregation site that was most well

known during, I'd say, like last cycle, kind of weird to say that that was last cycle, like

2024. They're crazy. It's 2026 now. 2024 was its own cycle of sorts. They were most well

known for tracking, analyzing, and collecting data on Bitcoin L2s like Strait Alpin, Lightspark,

etc. So we bought that asset and in the future we'll be rolling out a lot of different

...