THE MINING POD: 10% Difficulty Adjustment, Riot’s Hostile Takeover, Cantor’s $2B Loan Book, and MARA’s $100M HODL

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Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 2 August 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin miners are making aggressive moves ahead of a perceived autumn Bitcoin bull market. Welcome back to The Mining Pod! Charlie, Will and Matt jump on the mic to discuss this week’s Bitcoin and Bitcoin mining news, including the largest Bitcoin mining difficulty adjustment since January 2023 at 10.5%, Riot’s increasing pressure on Bitfarms for control over the latter company’s future, new ASIC models debuting at Bitcoin Nashville from Auradine and MicroBT, Cantor Fitzgerald rolling out a $2 billion book for Bitcoin companies and MARA’s $100 million HODL position. Timestamps: 00:00 Start 02:30 Difficulty update (NGU edition) 07:04 MinerMag: Return of the HODL 09:13 Russia Legitimizes Mining 14:57 MinerMag: Aint No Love w/ Riot & Bitfarms 18:38 Cantor Enters BTC Lending 25:17 New MicroBT rigs 26:33 New Auradine rigs 29:06 Marathon goes full HODL mode Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! - "The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Hey, welcome back to the mining pod. This is our news roundup. We're going to back in the saddle,
0:04.6	as Charlie said this morning. We've got to go through this week's Bitcoin and Bitcoin mining
0:08.8	news with Charlie and Matt. Wait back after a second. They're sponsors.
0:15.1	Hey, listeners, let's talk about revolutionizing your mining operation with Foreman. This isn't
0:19.7	your average management tool.
0:21.2	It's an all-in-one solution for reducing costs and significantly boosting your revenue.
0:25.2	Foreman brings a cutting-edge dashboard to your fingertips, empowering you with automated energy strategies.
0:30.2	This means not only curtailing around real-time prices, but also strategically enhancing your profit margins through demand response.
0:35.9	It's about leveraging energy efficiency to its fullest potential.
0:39.1	With Foreman, you get a system that scales with your business, inventory management for assets, infrastructure, integration, and business intelligence.
0:46.6	Foreman elevates the cash flow and production of your entire operation. To see how Foreman can redefine your mining operations standards, visit foreman.comend.mint. With Foreman, you're not just managing a mining operation.
0:57.0	You're setting a new standard in the industry.
1:00.0	Accelerated by Compass is the premier accelerator program for Bitcoin mining sites at any stage of development.
1:06.0	Our managed services provide expert guidance in site procurement, construction, energy agreements, and mining operations.
1:14.6	Compass helps clients meet timelines and expectations for operational excellence from Greenfield to retrofits and everything in between.
1:22.2	Don't just mine. Excel. Visit compass mining.io now to discover how accelerated by Compass can power your success.
1:30.4	Are you a retail or institutional investor interested in Bitcoin mining companies?
1:33.9	The Miner Mag brings you free data and analysis from all major NASDAQ listed Bitcoin mining operations to know who stands out.
1:40.3	Check out visualized metrics and data-dependent stories at theminermag.com. Okay, as always,
1:45.4	we're going to start with our difficulty update. We'll throw that to Matt a second. And then we have
1:49.2	much to talk about because we missed last week. We are in Nashville for the Bitcoin conference.
1:53.5	Well, Matt was not there, but Charlie and I were. And we had so much mining news that we did not
	...

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