THE MINING POD: ABTC Investor Unlock, IREN’s $3.6B Capital Raise, Greenidge’s Fire and Land Sale

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4.8 • 689 Ratings

🗓️ 5 December 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s news roundup, the gang covers the American Bitcoin investor unlock that sunk the ABTC share price this week, plus IREN’s pricing a $3.6B capital raise. Subscribe to the Blockspace newsletter for market-making news as it hits the wire! Welcome back to The Mining Pod! Today, Colin, Charlie, and Matt break down yet another brutal week for miners. We analyze why ABTC shares tanked 39% following a share unlock and look at IREN's aggressive $3.6B capital raise. The team also covers Greenidge’s Dresden, NY fire and SC land sale. Finally, we debate the Zcash Foundation’s legal threats and just how private and cypherpunk Zcash is. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** -ABTC shares plunged 39% on Tuesday -Hashprice dropped below $40/PH/day -IREN pricing $3.63B in notes/equity -Avg network efficiency: 32 J/TH (CoinMetrics) -Greenidge sells 60MW power rights, land Timestamps: 00:00 Start 01:42 Difficulty Report by Luxor 08:07 ABTC down bad 14:31 IREN convert / equity sale 18:55 Tough month for Greenidge 23:48 Cry Corner: Zcash pump & dump 👉CleanSpark, America's Bitcoin Miner! 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. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. 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!

Transcript

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0:00.0	American Bitcoin shares plunged 39% on Tuesday as early investor shares were unlocked and they swiftly moved to sell.
0:07.4	You're listening to the mining pod brought to you by CleanSpark and for today's news roundup, we break down the price action for ABTC and why it happened.
0:14.2	We look at the wider Bitcoin mining and AI adjacent stock market to look at how other miners are doing. It doesn't look very good.
0:21.1	We touch on the usual Bitcoin mining metrics from Hashrate Index. We look at Irons' most
0:25.4	recent fundraising efforts. And we also look at some trouble for greenage generation,
0:31.0	a company we don't cover very much. And for this week's Cry Corner,
0:34.3	why Zcash really is in the cypherpunk as you think it is. You're listening to the mining
0:38.6	pod and we will be right back after a word from our sponsors. Guys, there is a serious problem right now
0:44.1	in Bitcoin mining and we need to talk about it. You need to pay attention to this. Bitcoin miners
0:48.8	are identifying as AI companies and people keep mis-sectoring them because they say, well, look, your infrastructure is
0:56.2	clearly for Bitcoin mining. What do you want me to do about it? I'm going to tell you what you need to do.
1:00.7	You need to call F-Box, the leading digital infrastructure company with all-encompassing
1:06.6	cooling solutions. F-box designs industry-leading air, hydro, and emerging cooling systems for Bitcoin mining
1:12.5	and AI and HBC data centers.
1:14.5	I want to highlight that.
1:15.4	If you're a Bitcoin miner who needs to bridge the gap, if you're pivoting or doing hybrid
1:19.4	operations, they can build cooling solutions and infrastructure for both your Bitcoin
1:23.6	mining and your AI and HBC operations.
1:26.9	And they have an in-house API that lets you monitor it from the web or on mobile.
1:31.5	So go to www.fbox.fx.com.com.
1:35.5	dot tech backslash contact to learn how FBOx can help you optimize your digital infrastructure
1:40.7	today.
	...

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