The Blockspace Pod: $46m Heist Perp Gets Nabbed & Kraken Gets Fed Account

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4.7 • 698 Ratings

🗓️ 7 March 2026

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

A Zoomer arrested for stealing $46M from the US Marshals, Kraken makes history with a Fed Master Account, and IREN builds to 150,000 GPUs. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Chris Johhansen of Ion Stream and Kaan Farahani of Luxor join us to talk about the insane arrest of John DeGuida for allegedly stealing $46 million from the US Marshals Service. We break down Kraken Financial’s historic Fed Master Account and what a "skinny" seat at the table means for the industry. Plus, we analyze the massive pivot from ASICs to GPUs and review the tumultuous Bitcoin hash rate data from February. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Zoomer stole $46M from US Marshals Service (his dad!) * Kraken gets first Fed Master Account. * Iren expanding GPU fleet to 150,000. * Difficulty adjustment targeting 7.5% up. Timestamps: 00:00 Start 04:53 Difficulty Report by Hashrate Index 07:49 $46M Stolen from US Marshals Service 15:35 Kraken Financial Granted Federal Reserve Master Account 21:48 AI Compute & Neocloud Dynamics 24:11 AI boom vs crypto boom 27:39 AI inference vs training 30:44 Scoping AI deals 32:41 H100 are still viable? 36:35 Hashrate 37:46 February suprises 44:40 What ASICs are profitable? 45:36 More hashrate declines? 47:36 5 cents per KWH 49:29 Hashrate prediction 52:51 IREN Expands GPU Fleet 1:01:44 Cry Corner: Miners Are Dumping BTC? 👉CleanSpark CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉Luxor, Blockspace's preferred mining pool Bitcoin mining revenue changes every day. Difficulty adjusts. Fees move. Prices shift. And that makes it hard to plan. Luxor Pool’s Fixed Payouts let miners lock in revenue at a guaranteed daily rate for up to 18 months. According to Hashrate Index, miners who used rolling fixed payout strategies since the last halving have outperformed FPPS mining by up to 15 percent. Fixed Payouts give you predictable daily revenue, so you can plan, budget, and grow with confidence. With Luxor, uncertainty is optional. Learn more at luxor.tech/mining

Transcript

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0:00.0	So when I saw him this screenshot, I couldn't believe that this was this kid because he's actually blonde.
0:05.0	So this is a disguise and he's got this like quasi soul patch here.
0:09.0	I don't know if that's real or if that's like peach fuzz.
0:12.0	That's more conspicuous than not doing anything.
0:15.0	Like I run in a restroom and we're looking around like, who's probably the guy, fleeing that guy, wearing bright red pants, sandal, and looks like a, it looks like a Bond henchman. He's walking into these like five-star resorts on the island of St. Martin. Where did he get all this money? Well, he stole it from the U.S. Marshal Service. So John Daggatti, also DeGita, also known as Lick, I guess that's one of his pseudonym.
0:38.6	His telegram handle.
0:40.9	Yeah, stole 40 million plus from U.S. government seizure addresses because his dad had a company called Command Services and Support Inc.
0:50.5	That was managing some of the funds from the U.S. Marshal Service.
0:53.7	Now, for those of you who don't know, U.S. Marshal Service. Now, for those of you who don't know,
0:55.2	U.S. Marshal Service will often take control of cryptocurrencies that have been seized in criminal
0:59.9	investigations or raids. And they contracted this company, John DeGita's father's company, to manage
1:06.3	these coins. So then that raises the question, how did John get access to these? Is his dad in on this?
1:13.0	Or is his dad just really bad at managing coins? Apparently they paid this guy $27 million.
1:18.7	The US government paid this guy allegedly $27 million to manage his money. And then his son
1:24.1	ends up stealing $46 million worth of it. That's crazy, man.
1:30.2	A zoomer who looks like he's about old enough to be raking your leaves just got arrested in the Caribbean for stealing $46 million from the U.S. Marshal Services.
1:42.0	That's our lead story today, followed by Cracken getting the first Fed master account
1:47.2	for a cryptocurrency company.
1:49.6	That's bullish, but it's not as bullish as it could be.
1:52.8	Plus, we have Iron expanding its GPU fleet to 150,000 and opening the largest at-the-market
2:00.2	equity offering of a Bitcoin miner yet.
2:02.9	Those are our stories today.
	...

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