THE MINING POD: Foundry Layoffs, $5 Billion In Raises and MARA’s Windfarm Purchase
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 6 December 2024
⏱️ 43 minutes
🧾️ Download transcript
Summary
Bitcoin broke past $100,000, but that doesn’t mean Bitcoin mining was all smooth sailing. We dug into this week’s stories, including layoffs and basement Bitcoin mining.
Welcome back to the Mining Pod! We jump into Foundry's 27% workforce reduction, Marathon's wind farm acquisition, and Mawson's bankruptcy troubles. Plus, analysis of mining industry financing trends and a humorous take on illegal university mining operations in Poland. Also, happy $100,000 Bitcoin!
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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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"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset.
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Transcript
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| 0:00.0 | What's up y'all? Welcome back to the Mining Pod News Roundup Edition. It's your boy Colin and Charlie |
| 0:06.3 | added duo today. We do not have the trio that we usually have. Will is in the air at 30,000 feet at the |
| 0:13.4 | moment. Matt has a real job so he can't join. So Charlie and I are going to be going over the top headlines for mining this week. Charlie, |
| 0:24.7 | how you doing? I'm doing fantastic. We've got a we've got a big show. It's like while we were |
| 0:29.7 | prepping for this, more news came out. We have the foundry layoffs, marathon, mason, other stuff. |
| 0:36.9 | Before that, I think we have a word for our sponsor. |
| 0:39.2 | Have you retail or institutional investor interested in Bitcoin mining companies? |
| 0:42.7 | The MinerMag brings you free data and analysis from all major NASDAQ listed Bitcoin mining operations |
| 0:47.4 | to know who stands out. Check out visualized metrics and data-dependent stories at |
| 0:51.9 | the minermag.com. Thanks for listening to The Mining Pod. |
| 0:55.7 | Want more? |
| 0:56.4 | Subscribe to our main feed on Apple, Spotify, YouTube, or wherever else you get your |
| 1:00.6 | podcast for another weekly show on Bitcoin stocks. |
| 1:03.7 | And check out our newsletter at miningpod.blokspace.media today. |
| 1:08.2 | So yeah, like Charlie said, I thought this was going to be kind of a boring week. |
| 1:12.0 | And then some news broke right as we were getting ready to record. I frantically typed up an |
| 1:17.5 | article for it, tweeted about it. And we will get to that as our second news item. As Charlie said, |
| 1:22.5 | we've got, or third news item, as Charlie said, we've got news on foundries, recent round of layoffs, |
| 1:28.1 | some reporting that Blockspace broke, Marathon acquiring a wind farm. Mossin, getting filed for |
| 1:34.9 | an involuntary petition for Chapter 11 bankruptcy by its creditors, and also some updates on |
| 1:42.5 | PPNE spending and equity and debt financing by public miners year to date for 2024. |
| 1:50.3 | And for this week's cry corner, stop mining cryptocurrencies and university buildings. |
... |
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