THE MINING POD: GPU Financing Rough Patch, Antalpha’s $300M Valuation, Bitfarms Pauses ASIC Orders
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 9 May 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
The GPU financing market could be on the cusp of a transformation.
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Welcome back to The Mining Pod! Bitcoin’s back above $100k and hashrate is rebounding above 900 EH/s with it. In this week's news roundup, Kelly Greer from Crucible Capital joins to explain trends in the GPU financing and hosting markets – and what ASIC market cycles can tell us about where they might be going. We also cover Alpha's IPO valuation, the Digital Energy Council's push against tariffs on ASIC miners, and how Bitfarms is joining other miners in halting hash expansion to focus on HPC and AI infrastructure builds.
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# Notes:
- Network hash rate rebounding to ~900 exahashes
- GPU rental prices down to $1.45-2.10 per hour
- Alpha IPO valued at $215-300 million
- Tariffs on ASICs could reach 24-36%
- BitFarms halting hash expansion for HPC/AI focus
- Trump admin signals support but tariffs persist
Timestamps:
00:00 Start
02:33 Difficulty Report Presented By Luxor
04:42 GPU rental, financing landscape is shifting
18:00 Antalpha valuation
23:55 ASIC tariff exclusion
29:00 Bitfarms pauses mining to focus on AI
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | What's up y'all? Welcome back to the mining pod. We've got this week's News Roundup edition |
| 0:04.3 | with Colin and Will. We're going to kick it off with some pretty interesting news stories. |
| 0:10.1 | We've got the network update per usual. We're going to give you all a quick forecast on |
| 0:13.7 | the upcoming difficulty adjustment. Look at where hash price and hash rate is. |
| 0:17.5 | We've got an interesting kind of flash segment on the GPU hardware market and where |
| 0:22.7 | that may be heading. Some warning signs in the forecast for that, but we'll tell you all everything |
| 0:29.3 | I need to know about where that's heading and what the financing landscape looks like. |
| 0:33.7 | We've also got an update on ANAFA's IPO and tentative valuation based on their roadshow. |
| 0:39.3 | We've got an update from the Digital Energy Council pushing back on the tariff exemptions or lack thereof for AIG miners. |
| 0:46.8 | And we'll close out the show with Bitform's latest guidance on its Bitcoin mining operations and why it's pausing to focus on energy and AI. |
| 0:56.5 | Today's show is brought to you by Fractal Bitcoin, but we'll learn more about them later in the show. |
| 1:01.4 | All right, guys, we are here, Harborfront Center, downtown Toronto. |
| 1:05.3 | This right here is going to be the future home of Digital Shovel Fest during Toronto Blockchain Week. |
| 1:10.5 | What is it, you might ask? |
| 1:11.6 | Well, we travel all over the world showcasing our Bitcoin mining equipment to the masses, |
| 1:15.7 | but we haven't done a large event here in Toronto. |
| 1:17.7 | Now that Consensus has thrown its first ever event, which we're happy to be a partner |
| 1:21.0 | and a sponsor of here in Toronto, we decided to launch Digital Shovel Fest. |
| 1:25.3 | We're going to be showcasing all of our products, |
| 1:27.7 | our Digital Shovel Gen 3, our Nanopod, |
| 1:30.8 | as well as our new Blue Axe product. |
| 1:32.7 | That is a home miner that sits on your desk |
... |
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