THE HASH: Compass Mining Seen Losing Maine Facility After Failing to Pay Power Bill
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 28 June 2022
⏱️ 20 minutes
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| 0:00.0 | This is the hash podcast. |
| 0:10.0 | Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more, with stories that matter to the crypto world. |
| 0:17.3 | All on the hash for your ears. |
| 0:20.5 | You're listening to the Coin Desk Podcast Network. |
| 0:24.7 | Hey, everyone. It's The Hash. If you're watching, you're watching on Coin Desk TV. And if you're |
| 0:30.1 | listening, you're on the Coin Desk podcast network. I'm Jensen S.E. Today we have on the show, |
| 0:35.1 | Zach Seward and Wendy O, the whole team is here on a Tuesday. |
| 0:40.6 | Zach, you have our first story. We're going right on over to Compass Mining. What's going on? |
| 0:47.2 | Hard times in mining land. That's what's going on. Compass Mining, which, by the way, Will Foxley works at as the director of content, is having a hard time with a facility up in Maine. |
| 0:57.6 | Company took it to Twitter, airing out some dirty laundry yesterday and alleging that Compass Mining had not paid its bills in full. |
| 1:06.2 | They would in turn be losing a main Bitcoin mining facility. So that's what's going on there. |
| 1:13.1 | This is a bear market signal. We may see more of these announcements from the Bitcoin mining |
| 1:18.1 | industry over the next weeks and months. As Bitcoin mining as a proposition becomes less |
| 1:22.1 | profitable, cuts like this or just beef between service providers and mining firms themselves are likely to emerge. |
| 1:30.0 | Interesting tack here, chosen by dynamic. They're taking this public saying that there's a suit in |
| 1:34.1 | the works. Compass mining does not have a statement as of this time, but we will likely hear |
| 1:38.4 | something from them soon. I'm going to toss this straight to Wendy for her initial thoughts on this |
| 1:43.6 | compass mining |
| 1:44.2 | situation. Happy to see you amazing people again. And big shout out to everybody watching. So, |
| 1:49.8 | let's talk about the initial part of this story. The fact that this company went out publicly |
| 1:55.6 | and made these types of allegations, I don't like that. I don't like public callouts. I don't think |
| 2:00.6 | it does anybody a service. And if in fact you do have don't like public callouts. I don't think it does |
... |
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