BREAKDOWN: A Massive $879.6M Bitcoin Mining Machine Buy Kicks Off the Year of US Bitcoin Mining
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 4 January 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
A roundup of global mining, regulatory and CBDC news.
This episode is sponsored by Nexo, Abra and FTX US.
On today’s episode, NLW rounds up news from the last few weeks of 2021, including updates on the global bitcoin mining landscape as well as central bank digital currency (CBDC) and regulatory updates from the United States, China, India, Europe, Jamaica, Paraguay and more. Plus, the president of El Salvador’s 2022 bitcoin predictions.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is "Time" by OBOY. Image credit: Andrey Rudakov/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | All of this suggests that 2022 is going to be an absolute banner year for U.S.-based and |
| 0:06.5 | North American Bitcoin mining. |
| 0:08.8 | These companies are going big. |
| 0:10.4 | They've got big pools of capital to draw from in order to go even bigger. |
| 0:14.3 | And it's very clear that this is going to be a key story in Bitcoin in the year to come. |
| 0:20.4 | Welcome back to The Breakdown with me, NLW. |
| 0:24.4 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:30.3 | The breakdown is sponsored by nexo.io, Abra, and FTX, and produced and distributed by CoinDesk. |
| 0:38.1 | What's going on, guys? It is Tuesday, January 4th, and the last couple of shows have been some big, |
| 0:44.8 | think, ponderous pieces to begin the year. And so today what I wanted to do is actually |
| 0:49.5 | catch up on some of the news from a couple different areas from both the last few days, as well as |
| 0:55.3 | from over the holiday break. So we're going to be talking a little bit about Bitcoin mining |
| 0:59.3 | today, as well as a lot of global regulatory and CBDC news. But before we get into that, |
| 1:05.9 | sponsors. This show is sponsored by nexo.io, the all-in-one crypto platform for storing and earning interest on your |
| 1:11.8 | crypto, ABRA, a simple and secure app for trading crypto and getting crypto collateralized loans, |
| 1:16.7 | and of course, FTX, the safe regulated way to buy digital assets with up to 85% lower fees than competitors. |
| 1:24.1 | As always, disclosure, I help run marketing at FTXX as well as doing this show. Now, how you can |
| 1:29.6 | support the show. First, subscribe, give a five-star rating, or write a review, all super, super helpful |
| 1:35.8 | ways to grow this community, or second, join the community, join the breakers discord. The link is in the |
| 1:41.4 | description, or you can go to bit.ly. That's bit.L.L.Y slash |
| 1:45.6 | breakdown pod. Okay, that out of the way. Let's dive into the show. |
| 1:51.0 | It was Bitcoin's birthday yesterday, so let's get to some of the biggest news from Bitcoin from |
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