THE MINING POD: Antalpha’s Q1, Public Miners Hit 1/3rd of BTC’s Hashrate, Summer Curtailment is Coming
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 20 June 2025
⏱️ 53 minutes
🧾️ Download transcript
Summary
Summer is coming, and that means mining curtailment in Texas.
FILL OUT THE MINING POD SURVEY BY CLICKING HERE
Welcome back to The Mining Pod! Today, Haley Thomson from Luxor Technology joins Will and Colin to discuss how Texas bitcoin miners are adapting to 4CP, peak load occurrences in the ERCOT system. On the news front, the trio covers US-listed public miners reaching a record 31.6% of Bitcoin's hashrate, Antalpha's stellar Q1, and growing concerns about whether or not the growing corporate treasury strategy trend is becoming a bubble.
**Notes:**
• US miners hit 31.6% network hash rate record
• Antalpha's loan book grew to $1.77B in Q1
• Texas miners represent 15-20% global hash rate
• Hash prices just above $50 per petahash/day
• 3.5% of Texas peak load is flexible mining
Timestamps:
00:00 Start
02:05 Difficulty Report by Luxor
06:09 Antalpha lending book & Tether
11:47 Fractal Bitcoin
12:24 ERCOT electricity market
26:07 JP Morgan report
35:39 Corporate crypto treasury bubble
44:08 Cry Corner: Semler Scientific Warning Sign
👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy.
And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today!
👉 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.
👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!
Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]
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!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch |
| 0:05.8 | of a button. |
| 0:07.0 | Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths |
| 0:11.8 | solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville. |
| 0:17.1 | Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural |
| 0:22.6 | chills to far-off romances, every story comes alive through world-class narration. |
| 0:28.5 | Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers |
| 0:34.4 | that transport you from the very first word, because the next great |
| 0:38.2 | adventure is just a listener way. |
| 0:40.8 | Start your free 30-day trial at audible.com slash Wondery UK. |
| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:49.4 | What's going on, y'all? |
| 0:50.5 | Welcome back to the mining pod. |
| 0:52.4 | We've got a news roundup coming at you fresh with |
| 0:55.1 | Will Foxley, Colin Harper, and special guest, Haley Thompson, director of energy trading at Luxor |
| 1:00.7 | technology. We're going to be covering a few news items also talking with Haley about 4CP in Texas |
| 1:07.6 | right now. But for the top of the show, got the network update as usual. |
| 1:13.2 | We've got a story on Ann Alpha's Q1. |
| 1:15.6 | Pretty stellar Q1 loan book has grown fat. |
| 1:18.6 | And it's the first time we've had quarterly financials from the company since it went |
| 1:22.5 | public in May. |
| 1:23.9 | And then we've got, like I said, Haley's segment on 4CP. |
... |
Transcript will be available on the free plan in 1 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.