THE MINING POD: Pacific Northwest Bitcoin Mining w/ Beau Turner
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 August 2025
⏱️ 55 minutes
🧾️ Download transcript
Summary
Oregon and Washington should be havens for bitcoin miners, but red tape and a lack of curtailment programs are holding the states back.
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Welcome back to The Mining Pod! Today, Beau Turner, the CEO and co-founder of Abundant Mines, joins us to talk about Pacific Northwest Bitcoin mining. Oregon and Washington have some of America's lowest power rates thanks to abundant hydropower, but there's less mining in the region than you might think. Beau explains the barriers keeping hashrate from the PNW, 9.9MW capacity limits, Oregon’s burgeoning curtailment programs, AI competition for power, and how early miners "poisoned the well" in 2018.
**Notes:**
• Oregon industrial power: 6-8¢/kWh
• Pacific NW has 200-500MW mining capacity
• BPA limits sites to 9.9MW blocks
• 100% bonus depreciation now available
• Texas has several gigawatts vs PNW
Timestamps
00;00;00;00 Start
00;03;28;00 Starting Abundant Mines
00;08;59;09 Pacific Northwest Mining
00;11;24;24 Why not more PNW mining?
00;16;34;12 Industry prospects
00;19;50;29 Smaller is better in PNW
00;22;27;28 Hydro generation
00;24;20;29 Cleanspark
00;24;49;26 Oregon curtailment
00;28;30;23 Power purchase agreements
00;32;09;29 Bitcoin is for Everyone
00;34;05;21 Changes since the halving
00;36;44;25 Depreciating equipment
00;41;57;05 ASIC prices
00;46;20;21 Peak US hashrate?
00;51;30;23 Wrap up
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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 |
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| 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 |
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| 0:43.6 | complicated than she ever planned. She's in over her head and head over heels. Listen to Rich |
| 0:49.1 | Girl Summer, now on Audible. Go to audible.com slash rich girl summer. What's up, y'all? Welcome back to the mining pod. For today's show, we have Bo Turner, |
| 0:58.9 | the CEO and co-founder of Abundant Mines on to talk about Pacific Northwest Bitcoin mining. |
| 1:05.5 | Now, y'all may not know this, but Oregon and Washington have some of the lowest power rates |
| 1:09.7 | in the nation, but there's not as much Bitcoin mining here as you might think. |
| 1:14.2 | There's still more than you might have suspected, but given how low the power rates are, there's not as much as we might expect. |
| 1:21.3 | Bo breaks down why that is, and some of the bottlenecks for getting more Bitcoin mining into these regions, as well as the curtailment programs that are very nascent, but could bring more into Oregon and Washington. |
| 1:32.6 | We also touch on how the hosting market has changed since the having ASIC market dynamics now that there is not as many buyers on the market with AI and HBC pivots and what AI and HBC means for Bitcoin mining's |
| 1:46.7 | growth potential in the United States. I hope y'all enjoy this one. Really, really liked having |
| 1:51.0 | Bo on. He's a fount of knowledge for Bitcoin mining in this region. So you all enjoy. |
| 1:56.2 | You ever get into your buddy's car and think, dude, how do you live like this? There's half-eaten Taco Bell on the console, a pile of garbage and fast food cups and |
| 2:06.2 | bags, rumbling in the trunk. |
| 2:09.2 | You look behind you under your seat and you're pretty sure you saw something move, but |
| 2:12.7 | you don't know what? |
... |
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