THE MINING POD: American Bitcoin is Going Public, IREN’s $100M Tariff Bill, Bitdeer Deploys Sealminers
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 16 May 2025
⏱️ 19 minutes
🧾️ Download transcript
Summary
American Bitcoin is gunning to go public via a merger with Gryphon Digital.
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Welcome back to The Mining Pod! Recording live from Consensus in Toronto, Colin and Will break down American Bitcoin's aspirations to go public via merger with Gryphon Digital. Plus, IREN’s $100M tariff spat with U.S. officials, Bitdeer’s deployment of SEALMINERs in April., and CleanSpark's bitcoin-option strategy for its latest Bitmain purchase.
# Notes:
- Hash rate down to 867 exahashes/second
- 2.6% difficulty adjustment expected
- Hash price rebounded to $55/PH/day
- American Bitcoin merger to go public
- IREN facing $100M potential tariff cost
- CleanSpark ASIC miner bitcoin option
Timestamps:
00:00 Start
01:19 Difficulty Report by Luxor
03:39 Trump, American Bitcoin & Griffin Digital
09:22 Iren & tariffs
12:51 Bitdeer deploys Seal Miners
16:12 Cleanspark buying miners with BTC
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Transcript
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| 0:00.0 | Hey, welcome back to the mining pod. We're doing this show live from our backstage at Consensus CoinDesk in Toronto. |
| 0:09.0 | Blockspace is running a stage this year, which is pretty fun for both of us at Consensus. |
| 0:14.0 | And we're recording this, you know, on the fly, on the go. But Bitcoin mining news doesn't stop. And so that's why we got to do it |
| 0:20.9 | this morning, Colin. Yeah, we're gearing up for a big day of content on the mining stage. We've got a |
| 0:25.8 | lot of fun panels planned, some fireside chats, some presentations. So, unfortunately, |
| 0:32.8 | this will be happening already when consensus is done. I would say tune into it live, but you can't |
| 0:37.3 | do that because that's already over. It's true. I would say tune into it live, but you can't do that |
| 0:37.7 | because that's already over. It's true. You probably missed it already. But there's a recording online. |
| 0:42.2 | So a lot of good sessions that Colin programmed over the last year. Shout to Consensus and CoinDest for |
| 0:47.7 | making that possible. We are going to jump to a break for our sponsor. And then we'll be right back |
| 0:51.8 | with a difficulty roundup with hash rate |
| 0:55.9 | and index. Today's show is brought to you by fractal Bitcoin, but we'll learn more about them |
| 1:00.1 | later in the show. For now, let's get right into it. Okay, we're back. Let's talk about hash |
| 1:06.7 | rate and what's been happening in the last week or so. We don't have Matt Kimmel, our difficulty weatherman, |
| 1:12.2 | with us, but we do have Colin Harper, who is, you know, a pretty good stand in. We have airsats, |
| 1:17.3 | difficulty weatherman. Yeah. So looking at hash rate index, Bitcoin's hash rate has been taking |
| 1:23.2 | another dip. It is down to 86, 86, 86. 867-Hash is a second. It's been really kind of chopping |
| 1:31.1 | up and down in this trend between like 920 X-A-Hashes and about 850 for the last month or so. |
| 1:39.9 | A lot of fluctuation, a lot of oscillation and Bitcoin's hash rate. And as a result, miners will not be seeing as large of a difficulty increase as they would have if we were measuring by block times about a week ago. We're 86% through the current difficulty epoch. It looks like they've got about a 2.6% adjustment coming. So that'll take a hit to hash price. Right now it's at about $55 |
| 2:03.3 | per day. We'll see that drop a couple of dollars. All things considered not terrible. I think a lot |
| 2:08.8 | of people probably figured we'd be a lot higher in the hash rate, you know, sphere currently than we |
| 2:15.0 | are. But whether it's tariffs or whether it's, you know, |
... |
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