THE MINING POD: MARA’s Q2 Earnings, In-Kind BTC ETFs, Bitmain’s U.S. Manufacturing Moves

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4.7 • 698 Ratings

🗓️ 1 August 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

MARA beat expectations for Q2, the SEC approves in-kind BTC ETFs, and Bitmain is shipping more raw materials to the U.S. Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenews Welcome back to The Mining Pod! Today, Colin and Matt dive into Mara's Q2 earnings, the SEC's approval of in-kind Bitcoin ETF redemptions, Bitmain onshoring manufacturing to the US, and JPMorgan's prediction that pure play miners will outperform HPC hybrids as the field becomes oversaturated with AI pivots. Subscribe to our newsletter! **Notes:** • Mara revenue up 12% to $238.5M in Q2 • Bitcoin at $118k with hash rate at 900 EH/s • Hash price around $58.70/PH/day • Fees represent only 1% of block subsidy • Bitmain shipped 187 tons of parts to US • SEC approves in-kind BTC ETFs Timestamps: 00:00 Start 02:24 Difficulty Report by Luxor 06:21 MARA Q2 earnings call 14:29 Cleanspark 15:01 SEC in-kind Bitcoin ETF approval 20:43 Bitmain is shipping in Antminer parts to the US 28:30 Pure-play miners to outperform as HPC hybrids 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner!®, is a market-leading, pure play 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 to monetize low-cost, high reliability energy while securing the most important finite, global asset – Bitcoin. 👉 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. 👉 Colorado Air Filter, Leaders In Mining HVAC Solutions! Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact sales@coloradoairfilter.com 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! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Searching for a romantic summer getaway. Escape with Rich Girl Summer, the new Audible original
0:05.2	from Lily Chew. The exquisitely talented Philippa Sue, returning to narrate her fifth
0:10.2	Lily Chew title. This time, Philippa is joined by her real-life husband, Stephen Pasquale,
0:15.5	set in Toronto's wealthy cottage country, aka the Hamptons of Canada, rich girl Summer follows the story of Valerie,
0:22.1	a down-on-her-luck event planner posing as a socialite's long-lost daughter, while piecing
0:26.5	together the secrets surrounding a mysterious family and falling deeper and deeper in love with the
0:31.7	impossibly hard to read and infuriatingly handsome family assistant, Nico. Caught between pretending to belong
0:38.2	and unexpectedly finding where she truly fits in,
0:41.3	Valerie learns her summer is about to get far more complicated
0:44.0	than she ever planned.
0:45.8	She's in over her head and head over heels.
0:48.5	Listen to Rich Girl Summer, now on Audible.
0:51.2	Go to audible.com slash rich girl summer.
0:53.8	What's going on, y'all? Welcome back to the M pod, news roundup edition. You've got Colin Harper, editor-in-chief at Blockspace, and we've got Matt Kimmel of coin shares on today. It's just the two of us. Will is getting some much-needed and much-deserved R&R. So Matt and I are going to chop it up. We've got some interesting stories lined up.
1:13.0	Mara's Q2 earnings, S.C.
1:15.3	approving in kind Bitcoin ETFs, a report from the miner mag about Bitmain shipping in
1:20.4	parts for their miners for assembly in the U.S.
1:23.3	And also, why JPMorgan thinks that PurePlay miners are going to have their go at it while HBC miners take a back seat.
1:31.9	You were listening to the mining pod and we will be jumping into the normal data roundup from our friends at Hatchford Index after a word from our sponsors.
1:40.6	You ever get into your buddy's car and think, dude, how do you live like this?
1:44.8	There's half-eaten Taco Bell on the console, a pile of garbage and fast food cups and bags,
1:51.8	rumbling in the trunk.
	...

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