THE MINING POD: Antminer S23, Swan’s Lawsuit, Pakistan 2GW Ambitions, Trump Tariffs and a Cango Update!
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 2 June 2025
⏱️ 27 minutes
🧾️ Download transcript
Summary
Bitmain launched a new unit this week, plus drama around Ripple’s ‘Skull of Satoshi.”
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Welcome back to The Mining Pod! Today, Colin and Will are recording from the Las Vegas Bitcoin Conference. They drop in on topics like Bitmain's new Antminer S23 series achieving sub-10 joules per terahash efficiency, Swan's paused lawsuit against former mining employees and contractors, Pakistan's ambitious 2GW allocation announcement, the Trump administration tariff legal battles, and the legendary Skull of Satoshi donation drama. Plus, an update on Cango!
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**Notes:**
• Bitcoin price: $105K, Network Hashrate: 917 EH/s per @luxor
• Antminer S23: First sub-10 J/TH efficiency @bitmain
• Pakistan allocates 2GW for mining
• @Swanbitcoin lawsuit paused by federal judge
• Conference grew from 2K to 35K attendees @thebitcoinconference
Timestamps:
00:00 Start
01:23 Difficulty Report by @hashrateindex
04:15 Bitmain new models
07:44 Swan court case
12:04 Pakistan mining
13:59 @FractalBitcoin
14:34 Tariffs, tariffs, tariffs
18:38 Cry Corner: The Skull & Ripple
22:07 Cango
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Transcript
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| 0:00.0 | Hey, welcome back to the mining pod. We're doing this recording from our hotel room in Vegas. |
| 0:04.9 | Kind of fun calling. A little different. A little different for us. |
| 0:07.9 | A little Venetian suite podcast recording. We did a few of these. So fun podcast coming out the next few weeks. |
| 0:14.2 | We were running the mining stage at the Bitcoin conference. Shout out to the Bitcoin magazine team for making this week possible. I had a ton of fun. |
| 0:21.7 | Energy was really big here. |
| 0:22.8 | Yeah, it was. |
| 0:23.5 | It was a really good conference. |
| 0:24.8 | And honestly, just a testament to their execution and how far this brand has come. |
| 0:28.8 | I keep saying I just look back to 2019 when I was a Bitcoin magazine. |
| 0:33.2 | They did the first conference in a glorified parking garage in San Francisco. |
| 0:37.6 | And there were 2,000 attendees, which was great at the time. |
| 0:40.1 | Now this one drew around like 35,000 people. |
| 0:43.6 | And they rented out the Fri-Venician for it. |
| 0:46.1 | Just an incredible success story for the Bitcoin magazine team. |
| 0:49.9 | So shout out to them. |
| 0:50.8 | They did a really good job. |
| 0:52.1 | And it'll be in Vegas again next year. |
| 0:54.1 | So asking for more |
| 0:54.8 | trouble. You can get tickets right now, apparently. The mining stage was lit. Colin and I ran that all three |
| 1:00.2 | days. So we got to see a lot of people. If you saw us saying hello again right now on the pod, |
| 1:05.2 | thanks for listening. Thanks for joining us. We had a lot of fun. But that's not going to stop us from |
| 1:10.1 | getting into this week's Bitcoin mining news. But first, shout to Fractyl Bitcoin for being the lead sponsor |
... |
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