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CoinDesk Podcast Network

THE MINING POD: Mike Alfred on IREN, Fintwit, and the Digital Infrastructure Thesis

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 16 September 2025

⏱️ 39 minutes

🧾️ Download transcript

Summary

Bitcoin mining stock investor and hedge fund manager Mike Alfred slings his opinions on IREN, public miners, and AI on the latest Mining Pod. Click Here To Join the BitAxe Giveaway Welcome back to The Mining Pod! Today, Mike Alfred, founder of Alpine Fox LP and a non‑executive director at IREN, joins us to talk about Bitcoin mining economics, AI‑GPU arbitrage, the importance of owning physical infrastructure, and how his permanent‑capital fund navigates massive drawdowns while staying contrarian in a hype‑driven market. Timestamps: 00:00 Start 03:51 Alpine Fox Fund 07:26 IREN allocation 10:26 Why invest in IREN? 16:10 Why post on social? 20:16 Cleanspark 20:44 Binance 25:26 Memetic investing 32:39 Breaking news 36:34 Drawdowns 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading 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. Optimally monetizing low-cost, high reliability electricity positions them to prosper in an ever-changing world. 👉 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!

Transcript

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0:00.0

I can call out a factual thing that a company doesn't do correctly. And the Twitter sphere, like, again, the masses of unnuanced, like retail investors. Mike said that Biden's going to fail. Not once did I ever say that. I just said, this is a company that's not behaving the way that you'd want a company where you're customer and your assets at. I don't know what's going to happen. I hope they become less relevant because if they continue

0:21.5

to behave like this, eventually there's going to be real problems. And of course, CZ served jail time

0:25.6

and they paid a multi-billion dollar fine. So irrespective of like the business today, those claims are

0:31.1

largely been validated and proved to be correct. Part of why it's a safer company today is because

0:35.8

smart people who actually knew what was going on and weren't afraid of repercussions because remember everyone's so conflict in this industry. All the VCs can't talk about it. A lot of the influencers are getting paid by the companies and I'm one of the only independent voices with any credibility who's able to even talk about it. Yeah. And I thought it was incumbent upon me given what I knew the dozens and dozens of things I saw at Celsius, Block 5, Voyager, finance to talk about them. Today we're joined by Mike Alfred, the founder of Alpine Fox LP and non-executive director at Bitcoin Miner AI InfraPlay, Iran. We brought Mike on to talk about Bitcoin mining socks, the AI-HPC trade, and how to evaluate energy-related stocks. We also grilled them on his use of Twitter if he thinks his history of Twitter calls has been ethical and why he deletes his tweets. Thank you to Pubkey for letting us record the show on site. PubKee is the best place in New York City to buy a beer with Bitcoin. The show is brought to you by CleanSpark, America's Bitcoin Miner. More on them

1:28.4

during the show. And the mining pod wouldn't be complete without us giving away free Bitcoin

1:33.1

miners. Yes, that's right. We're giving away 20 Bitax units over the rest of 2025. We've already

1:38.3

given out four. We have 16 more to go. Go to app Blockspace Pod on Twitter or click below in the

1:43.4

show notes to enter. Lastly, bonus episodes of thespace pod on Twitter or click below in the show notes to enter.

1:45.0

Lastly, bonus episodes of the mining pod.

1:47.8

Head to our dedicated channels on Spotify, Apple, or your podcast player of choice.

1:52.1

Subscribe to that channel and get dedicated bonus episodes.

1:56.7

You can only find those on our official dedicated channels.

2:00.4

Okay, a few words from our sponsors, and then on to the conversation.

2:04.7

You ever get into your buddy's car and think, dude, how do you live like this?

2:08.8

There's half-eaten Taco Bell on the console, a pile of garbage and fast food cups and bags, rumbling in the trunk.

2:19.4

You look behind you under your seat and you're pretty sure you saw something move, but you don't know what? Well, how do you think your Bitcoin

2:23.3

miner feels if you're not keeping on top of your filtration game? Y'all need to get on Colorado

2:29.1

Air Filters. Colorado Air Filters is a major supplier of air filtration systems for Bitcoin mining sites.

2:35.7

And they're currently running a summer sale in their inventory, so now is the time to act.

2:40.0

Whether you need HEPA filters, new shipments or installations for your containers,

2:45.0

or your large-scale mining facilities, retrofitted buildings, Colorado Air Filters has it all.

...

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