THE MINING POD: Cipher’s Amazon Deal, IREN’s Microsoft Deal, Q3 Earnings Recap, and is China Winning the AI Race?

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4.8 • 689 Ratings

🗓️ 7 November 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

IREN and Cipher both announced deals with hyperscalers this week as the AI race heats up among bitcoin miners. Subscribe to the Blockspace newsletter for market-making news as it hits the wire! Welcome back to The Mining Pod! Today, Colin and Matt talk about two massive hyperscaler deals that have upped the expectations for AI-pivots. Cipher Mining just secured a $5.5B, 15-year lease with Amazon Web Services for 300MW at their Bear Lake facility, while IREN signed a $9.7B, 5-year deal with Microsoft for 200MW in Texas. We also cover highlights from public miner Q3 earnings that have trickled through so far, a bitcoin miner lawsuit that involves OpenAI, and why Warren Buffett's Pacific Power’s loss with Amazon is a win for bitcoin miners. Plus: Will China win the AI race? Nvidia’s CEO thinks yes. Notes: • Cipher signs $5.5B AWS deal for 300MW facility • IREN inks $9.7B Microsoft cloud compute agreement • Hash price crashes to $40 per petahash per day • Bitcoin retraced from $126K to $101K support • Cipher announces 1GW data center JV project • Pacific Power fails to deliver Amazon capacity Timestamps: 00:00 Start 02:00 Difficulty Report by Luxor 05:05 Cipher Amazon deal 08:02 IREN Microsoft deal 13:56 Cleanspark Ad 14:25 Q3 earnings update 14:38 RIOT 14:54 MARA 15:34 HUT 8 16:08 CIPHER 18:23 CORZ workers comp lawsuit 21:08 China winning AI race? 26:31 Cry Corner: Buffett can’t MW 👉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. 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

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0:00.0	Christmas came early for Cipher and Iron this year, with Cipher signing a deal with Amazon and iron
0:05.5	inking one with Microsoft. This is the mining pod brought to you by CleanSpark, and for this
0:10.7	week's news roundup, we've got two hyperscalor deals with Mag7 companies on the docket for two of
0:17.4	the leading Bitcoin miners pivoting to AI. We also cover some of the Q3 earnings from the miners who have released their quarterly
0:24.1	financials, specifically looking at some of their qualitative updates for forward-looking
0:28.4	guidance. We also take a look at a lawsuit that involves some Bitcoin mining companies
0:33.2	and open AI for a transformer failure allegedly at a data center in Texas.
0:38.7	And we close out with the question, is China going to win the AI race?
0:44.1	Invidia CEO seems to think so.
0:46.1	And for this week's Cry Corner related to Cipher,
0:48.9	why Berkshire Hathaway can't deliver megawatts to Amazon,
0:52.0	so they have to look elsewhere like Bitcoin miners for that
0:55.0	capacity. You're listening to the mining pod, and we will be right back after a message from
0:59.1	our sponsors. Guys, there is a serious problem right now in Bitcoin mining, and we need to talk
1:04.1	about it. You need to pay attention to this. Bitcoin miners are identifying as AI companies,
1:09.6	and people keep mis-sectoring them because they say, well, look,
1:13.2	your infrastructure is clearly for Bitcoin mining. What do you want me to do about it? I'm going to tell
1:17.5	you what you need to do. You need to call F-Box, the leading digital infrastructure company with
1:24.0	all-encompassing cooling solutions. F-box designs industry-leading air, hydro, and
1:28.8	emerging cooling systems for Bitcoin mining and AI and HBC data centers. I want to highlight that.
1:33.7	If you're a Bitcoin miner who needs to bridge the gap, if you're pivoting or doing hybrid
1:37.6	operations, they can build cooling solutions and infrastructure for both your Bitcoin mining
	...

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