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Blockspace: The Last Pure-Play Bitcoin Miner

CoinDesk Podcast Network

CoinDesk

News, Business News, Tech News, Daily News

4.7698 Ratings

🗓️ 7 May 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Matt from American Bitcoin joins the Block Space podcast live from Bitcoin 2026 in Vegas. They discuss the company’s 1,112% hashrate increase at Drumheller, the strategic partnership with Hut 8, and why staying a pure-play Bitcoin miner is the ultimate winning move in a crowded market. Matt Prusak, of American Bitcoin joins us to talk about their aggressive growth strategy and why they are sticking to pure-play mining. Matt breaks down the 1,112% hashrate explosion at their Drumheller site and the move toward future-proof hydro cooling. We discuss the synergy with Hut 8, the global hunt for megawatts, and why American Bitcoin is ignoring the industry-wide pivot to AI. Learn how they’ve accumulated over 7,000 BTC and are positioning themselves as the top category leader for Bitcoin in the United States. Subscribe to the newsletter! 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

What's up, y'all? Welcome back to the Blockspace podcast for today's live show in Vegas for Bitcoin

0:10.8

26. We have Matt Prusack of American Bitcoin. Matt, welcome to the show. Thank you for taking the time,

0:16.0

man. Great to be here doing live. Yeah, it's really nice to have these in-person shows, man.

0:22.4

The dynamic is just so much better. And what a better place than Bitcoin Vegas, where energy is still good this year.

0:27.2

Attendance looks like it's going to be down a little bit, but honestly still big showing.

0:31.0

And like we were talking about before we hopped on, just a watering hole for everyone to see all

0:35.2

of their industry friends, get deals done, stuff like that.

0:38.2

Speaking of deals, y'all just recently announced an expansion at the Drumhaller site,

0:42.1

three X-a-hashes.

0:43.3

What can you tell us about this expansion, models that y'all are deployed and future expansion for that site?

0:50.8

Yeah, I know.

0:51.3

I couldn't be more excited about that expansion.

0:53.3

For us, the drumheller increase, we're going up, you know, 11, I couldn't be more excited about that expansion. For us, the drum heller

0:54.8

increase, we're going up, you know, 11, 12% in hash rate. To us, this is showing the market

1:00.0

that we're serious about expansion. We started this company about a year ago, April 1 of last year,

1:05.8

and we had the mandate of growing Bitcoin per share. And as a company with mining at our core,

1:09.9

this was a very clear way to signal to the market that we were in it for the long run. And as a company with mining at our core, this was a very clear way to signal

1:11.3

off the market that we are in it for the long run. And so while many of our peers were not

1:15.6

expanding or they've been pivoting to AI, something we may discuss, for us, this is just another

1:21.1

opportunity to put wins on the board. So we got some brand new machines. These are some

1:25.3

bit main units. It's a terrific site. We are

1:27.9

partnership with HUD-8 really allows us to tap into a wide energy portfolio with some killer

...

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