THE MINING POD: Bitmain’s Newest Liquid Cooled-Chip Bitcoin Miner With Hut 8’s Asher Genoot
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 October 2024
⏱️ 36 minutes
🧾️ Download transcript
Summary
Bitmain and Hut 8 collabed on a Bitcoin miner together. What’s with the unit that makes it so special and how does it help out Hut 8?
Welcome back to the Mining Pod! This week we are joined by Asher Genoot, CEO of Hut 8, one of the larger and older Bitcoin miners! Hut 8 recently entered into a deal with leading Bitcoin mining manufacturer Bitmain to produce a new immersion unit ready for traditional data center builds! In this show we discuss the unit, how the deal got made, how it fits into a data center, parts and repair, the hosting deal with Bitmain and the opportunity cost of entering into investments like this one with Bitmain!
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Timestamps:
00:00 Start
01:34 New ASIC (U3S21EXPH)
05:03 Chip efficiency
07:55 New cooling solutions
14:12 Datacenter build out
19:00 AI facility conversion
20:58 Hosting for Bitmain deal
26:51 Facility location
29:05 Opportunity costs
32:08 New CEO role
35:11 Growing both AI & mining
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!
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Transcript
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| 0:00.0 | Hey, welcome back to the mining pod. On today's show, we're joined by Asher Gnute. He is the CEO of Hutt 8. |
| 0:05.6 | He's been on the show a few times. This time, we're going to be talking about their new unit with Bitmain, a new hosting deal they're doing with BitMain. |
| 0:13.1 | So we're going to talk about the hosting deal that they've structured with BitMain. |
| 0:16.7 | The unit itself, how it sort of fits into the traditional data center world versus other form factors for Bitcoin mining. |
| 0:22.7 | And then just the opportunity costs for these different investment profiles that we're seeing pop up on the market. |
| 0:28.4 | This is one of the quicker shows. |
| 0:29.4 | We've got 30 minutes to learn a little bit about this deal. |
| 0:32.1 | So sit back and enjoy. |
| 0:34.7 | But first, a few words from our sponsors. |
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| 0:43.5 | stage of development. Our managed services provide expert guidance in site procurement, construction, |
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| 0:57.2 | Greenfield to retrofits and everything in between. |
| 1:00.4 | Don't just mine. Excel. |
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| 1:08.1 | Are you a retail or institutional investor interested in Bitcoin mining |
| 1:11.4 | companies? The Miner Mag brings you free data and analysis from all major NASDAQ listed Bitcoin |
| 1:16.1 | mining operations to know who stands out. Check out visualized metrics and data dependent stories |
| 1:20.9 | at the MinerMag.com. Hey, welcome back to the mining pod. We're joined by Asha Gnuch. Longtime |
| 1:26.2 | member of the mining pod community, |
| 1:28.5 | I'd say. It's a third show. We've had you on. And we're going to have more people from HUDAid |
| 1:33.1 | on soon to talk more about stock. But today we're talking about the new unit that you guys are |
... |
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