THE MINING POD: Public Miners Raise a Couple Billi, CleanSpark May Launch a Mining Pool, and Solo Mining Is Cool Again
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 16 August 2024
⏱️ 30 minutes
🧾️ Download transcript
Summary
In this week’s news roundup, Charlie, Colin, and Matt take a look at the $2.1 billion in financing public Bitcoin miners have accrued recently, CleanSpark’s mining pool aspirations, and the surprising resilience of solo miners post-halving.
Welcome back to The Mining Pod! How much have public miners raised since Q2? A lot – like, $2.2 billion kind of a lot. The majority of this liquidity flows from at-the-market (and other) stock offerings in Q2, while a handful of miners have also turned toward convertible notes for financing in Q3. In addition to that news, we also cover a story that Blockspace broke regarding CleanSpark’s desire to launch its own mining pool, and we finish the feel good underdog story that yes, solo miners are still out there (and they’re actually making money).
Timestamps:
00:00 Start
01:43 Bitcoin mining market / metric update
7:50 Publicly traded Bitcoin miners raise $2.1 billion since Q2
10:00 Bitdeer $150 million convertible note
12:46 Marathon $250 million convertible note to buy BTC
14:21 Core Scientific $350 convertible note to pay down debt
17:13 When CleanSpark pool?
23:48 Bitaxe and solo mining 33:54
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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Transcript
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| 0:00.0 | Welcome back to the mining pod weekly roundup. Will is on vacation. So you've got Colin and me and |
| 0:07.9 | Matt. We are going to cover a bunch of news. A lot of miners raise a lot of money. This past week |
| 0:13.8 | or two, CleanSparks launching a mining pool and we might get into, yes, some pleb mining, but without |
| 0:18.5 | further ado, a word from our sponsors. |
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| 0:32.6 | energy agreements, and mining operations. Compass helps clients meet timelines and expectations for operational excellence, |
| 0:39.8 | from Greenfield to retrofits and everything in between. |
| 0:43.1 | Don't just mine. Excel. |
| 0:45.1 | Visit compassmining.io now to discover how accelerated by Compass can power your success. |
| 0:50.8 | Are you a retail or institutional investor interested in Bitcoin mining companies? |
| 0:54.8 | The Miner Mag brings you free data and analysis from all major NASDAQ listed Bitcoin mining operations |
| 0:59.6 | to know who stands out. Check out visualized metrics and data dependent stories at theminermag.com. |
| 1:05.6 | We are back with the mining pod. Thanks for sticking with us. We're going to kick it off with a difficulty |
| 1:11.6 | and hash price review. So I'm going to throw this up here, Colin. I'm going to tag you in. |
| 1:19.5 | What's the latest on hash price and we just had a difficulty adjustment, didn't we? |
| 1:24.1 | Hey man, where's the love for hash rate index here? There's no hash price on this member of that space. |
| 1:29.8 | Oh, I'm so sorry. |
| 1:31.1 | Let me throw up some hash rate index. |
| 1:36.2 | I don't want Ethan jumping into my DMs being like, hey, where's the hash price, bro? |
| 1:41.2 | Love you, Ethan. |
| 1:42.3 | Big shout out. |
| 1:44.0 | But yeah, so jokes aside, hash prices back above $40 for petahash per day. |
... |
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