THE MINING POD: CoreWeave / Core Scientific’s $9B Deal, IREN’s Blackwell Buy, Bit Digital’s ETH Treasury
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 11 July 2025
⏱️ 46 minutes
🧾️ Download transcript
Summary
On this week’s roundup, we touch on the CoreWeave and Core Scientific acquisition, IREN’s new AI GPUs, and more.
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Welcome back to The Mining Pod! Today, Ben Harper from Luxor Technology joins us to discuss CoreWeave's $9 billion acquisition of Core Scientific, IREN’s $130 million Nvidia GPU purchase, hashprice hitting $60 for the first time since February, summer hashrate curtailment, and why transaction fees are so low. Plus, why Bit Digital and BIT Mining are becoming altcoin treasury companies.
**Notes:**
• CoreWeave to acquire Core Scientific for ~$9 billion
• Hash price reaches $60 per terahash per day
• Bitcoin fees in sats/vb lowest since March 2012
• IREN purchases 2,400 Nvidia Blackwell GPUs
• Difficulty adjustment expected +7.3%
• Bit Digital pivots to Ethereum treasury
Timestamps:
00:00 Start
01:50 Difficulty Report by Luxor
06:00 CRWV < > CORZ deal
15:20 Fractal Bitcoin
16:00 IREN Blackwell purchase
22:14 Transaction update,
26:04 Hashrate Futures contracts
35:52 Bit Digital/BIT Mining Pivots
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Transcript
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| 0:00.0 | Hey everyone, Colin here. |
| 0:02.0 | We're running a short survey to get better information on who listens to the show. |
| 0:06.0 | And we're giving away free block space gear if you fill it out. |
| 0:09.0 | If you find value in our shows or listen consistently, you can do me a huge favor and fill out the form. |
| 0:14.0 | It takes about 30 seconds and helps me and the block space team keep the show running. |
| 0:18.0 | You can find a link to the survey in the show notes. |
| 0:20.0 | Thanks. |
| 0:21.4 | What's up, y'all? Welcome back to the mining pot, news roundup edition. You've got the |
| 0:25.4 | usual cast of characters and special guest, Ben, Harper, of Luxor Technology. Ben, thank you for |
| 0:31.6 | joining us today. How you doing, sir? Doing great. Thanks for having me, guys. Yeah, absolutely. |
| 0:36.0 | We will have been sitting in on some of the stories today. |
| 0:38.3 | We will also be grilling him about what's going on, or rather what is not going on in the Mimpole with transaction fees. |
| 0:44.6 | And also taking a look at what hash price traders are looking at with regards to curtailment as we enter the hottest window in the U.S. |
| 0:51.6 | Today's show is brought to you by Fractal Bitcoin, but we'll learn more about them later in the U.S. Today's show is brought to you by Fractal Bitcoin, but we'll learn more about them later |
| 0:55.4 | in the show. |
| 0:56.1 | For now, let's get right into it. |
| 0:58.8 | I want to take a second and talk about Colorado Air Filter, a new sponsor for the mining |
| 1:02.3 | pod and a major supplier of air filtration systems for Bitcoin mining sites. |
| 1:06.4 | Colorado Air Filter is currently running a summer sale on their inventory. |
| 1:09.2 | From Mervate, pleats to Hephafil filters, shipments and installations, containers to retrofitted buildings. |
| 1:14.2 | Colorado Air Filter has it all. Here's what one recent major minor had to say about working |
| 1:18.4 | with Colorado Air Filter. Working with Keith and Colorado Air Filter has been a seamless experience |
... |
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