THE MINING POD: CoreWeave's IPO Plans, CBP ASIC Releases, Cathedra Sells 60 MW and Trump's Tariffs
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 March 2025
⏱️ 32 minutes
🧾️ Download transcript
Summary
CoreWeave turned heads a few times this week. We cover all the moves!
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Charlie and Matt fill in for Colin and Will on this week's Mining Pod. They discuss CoreWeave’s public listing plans and its 12-year, $10.2B contract with Core Scientific, making it the AI darling of American markets. They debunk rumors about Microsoft canceling CoreWeave contracts, cover US customs releasing seized Bitcoin miners after months of delays, and analyze Cathedra's $21M sale of a 60MW North Dakota mining site. The episode wraps with insights on market volatility driven by Trump's tariff policies and how Scott Bessent's Bitcoin knowledge influences economic decisions.
Notes:
• Difficulty adjustment expected at +1.16%
• Hash price bottomed at $45/PH/s/day in February
• CoreWeave’s 2024 revenue: $1.92B (77% from 2 clients)
• Cathedra sold 60MW site for $350K per megawatt
• Mining equipment being released by US customs
• Market volatility from Trump's tariff policies
Timestamps:
00:00 Start
01:55 Difficulty update
05:12 Coreweave IPO?
09:39 Coreweave MSFT FUD
14:54 Customs mining rig seizures
24:09 Cry Corner: Tariff Tug of War
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Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. Welcome back to the mining pod. You don't |
| 0:51.7 | have Will and Colin. You have Charlie and Matt. |
| 0:54.3 | We're going to give you the best mining pod in weeks. |
| 0:57.6 | We have a lot on the docket today. |
| 0:59.5 | Well, enough on the dockets for a whole mining roundup. |
| 1:02.1 | We have Corweave. |
| 1:03.5 | Gunning for a public listing. |
| 1:04.8 | We also have Four Weave refuting some Microsoft Bud. |
| 1:08.7 | A6 being released. |
| 1:09.9 | Royd is publishing what Lockspace reported on four months ago, and Cathedral selling a site. |
| 1:17.5 | Let's get into it. |
| 1:18.8 | Are you retail or institutional investor interested in Bitcoin mining companies? |
| 1:22.3 | The miner mag brings you free data and analysis from all major NASDAQ listed Bitcoin mining operations to know who stands out. |
... |
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