THE MINING POD: Cipher Lands Google Deal, MicroBT Opens U.S. Shop, IREN Doubles GPU Fleet

CoinDesk Podcast Network

CoinDesk

News, Business News, Tech News, Daily News

4.7 • 698 Ratings

🗓️ 26 September 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Cipher Mining landed its first AI tenant, with $1.3 billion in the deal backstopped by Google, and MicroBT has opened a U.S. distribution hub with 10,000 ASIC miners per month in volume. Click Here To Join the BitAxe Giveaway! Welcome back to The Mining Pod! On today’s round up, we dive deep into Cipher Mining's $3 billion AI hosting deal with Fluid Stack, backed by Google's $1.4 billion guarantee. And as hashrate surges to 1,100 EH/s, miners are struggling with sub-$50 hash prices. Plus MicroBT has opened a U.S. distribution hub, and IREN’s aggressive GPU expansion. **Notes:** • Cipher signed $3B AI deal with Fluid Stack • Google backstopping $1.4B of obligations • Hash price under $50/PH/day (6mo low) • Network hash rate at 1,100 EH/s • IREN doubled GPU fleet to 23K units, raises Q1-2026 ARR to $500M • MicroBT opens 10K unit/month US shop Timestamps: 00:00 Start 03:03 Difficulty Report by Luxor 07:08 Cipher and Fluidstack deal! 13:15 MicroBT opens up shop in US 17:34 Cleanspark Ad 18:03 IREN doubles GPU fleet (again) 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading Bitcoin miner with a proven track record of success. They own a fully self-operated portfolio of mining facilities across the U.S. powered by globally competitive energy prices. CleanSpark sits at the intersection of Bitcoin, energy, operational excellence and capital stewardship. Optimally monetizing low-cost, high reliability electricity positions them 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. 👉 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 sales@coloradoairfilter.com 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

Click on a timestamp to play from that location

0:00.0	Cypher Mining just signed you a $3 billion deal with Fluid Stack, and it's backed by Google. This and more on today's episode of The Mining Pod, presents by CleanSpark, America's Bitcoin Miner. And the Mining Pod wouldn't be complete without our Bidax giveaway. That's right. You can win a Bidax simply by clicking below in the show notes. The first link, click there, learn more about how you can win a bid X.
0:22.2	We're giving away one bit X per week to the rest. clicking below in the show notes. The first link, click there, learn more about how you can win a
0:21.8	bid X. We're giving away one bit X per week through the rest of 2025. Okay, before we move on,
0:29.2	if you're watching this on Yahoo Finance or Coin Desk or any of our other syndication partners,
0:34.6	be sure to search for us on Spotify, Apple, or elsewhere. The Mining Pot has dedicated
0:39.3	channels with bonus episodes. You don't want to miss those. Be sure to search for us on the Spotify,
0:45.1	Apple, or other podcast players. Make sure you never miss a show. Okay, a few words from our sponsors,
0:51.3	and then on to the conversation. Guys, there is a serious problem right now in Bitcoin mining and we need to talk about it.
0:57.5	You need to pay attention to this.
0:59.3	Bitcoin miners are identifying as AI companies and people keep mis-sectoring them because
1:04.9	they say, well, look, your infrastructure is clearly for Bitcoin mining.
1:08.6	What do you want me to do about it?
1:10.0	I'm going to tell you what you need to do. You need to call FBOX, the leading digital infrastructure company with all-encompassing cooling solutions. F-box designs industry-leading, air, hydro, and emerging cooling systems for Bitcoin mining and AI and HBC data centers. I want to highlight that. If you're a Bitcoin miner who needs to bridge the gap, if you're pivoting or doing hybrid
1:30.5	operations, they can build pooling solutions and infrastructure for both your Bitcoin
1:34.8	mining and your AI and HBC operations.
1:38.1	And they have an in-house API that lets you monitor it from the web or on mobile.
1:42.6	So go to www.fbox.com.com backslash contact to learn how FBOx can help you optimize your
1:51.0	digital infrastructure today.
1:53.2	The future of Bitcoin and digital assets isn't being decided on the sidelines.
1:57.9	It's being forged right here in Texas.
2:00.6	This October, the North American Blockchain Summit returns.
2:03.6	NABS is a leading industry summit for Bitcoin, digital assets, and emerging technologies.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.