THE MINING POD: TeraWulf’s $1.3B Raise, Riot’s $500 ATM, SMLR-ASST Merger, Beckham Bends Away from BTC

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4.7 • 698 Ratings

🗓️ 2 January 2026

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

For today’s roundup, TeraWulf’s Fluidstack JV bags $1.3B and David Beckham’s Prenetics abandons its BTC strategy. Subscribe to the Blockspace newsletter! Welcome back to The Mining Pod! Today, Colin, Charlie, and Matt break down about the sharp decline in Bitcoin network hash rate and how Bitcoin narrowly dodged a "royal flush" of negative difficulty adjustments. We analyze Riot’s $500M ATM offering, TeraWulf’s latest financing for AI compute, and the Semler Scientific-Strive merger. Plus, for this week’s cry corner, David Beckham's Prenetics pivots away from its bitcoin treasury strategy. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes** * Hashprice under $40/PH/day * Riot opens $500M ATM offering * TeraWulf seeks $1.3B financing * SMLR chairman urges investors to vote yes on ASST merger * David Beckham’s Prenetics holds $44.8M in BTC Timestamps: 00:00 Start 01:46 Difficulty Report by Luxor 07:24 WULF TWO-FOR 13:12 Tailwinds in 2026 17:21 Riot’s $500M ATM 21:51 Cry corner: DATs dead? Beckham thinks so 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute. 👉 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. 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	Network hash rate is falling off a cliff. Wow. I actually haven't seen this guys. Look at that.
0:05.5	We're maybe at risk of losing that one Zeta hash rate.
0:09.0	We're going to lose the comma. We're going to go back to the no comma club.
0:13.5	We're going back to Goblin Town. We're about 30 X of hashes away from where we started three months ago.
0:19.0	I mean, there's basically been no hash rate growth over the last three months. Hash prices just in the gutter, transaction fees are nowhere to be seen. Bitcoin's price is obviously suffering. And it looks like it's going to break one way or the other to the upside or the downside sometime soon. And we'll get a little more clarity on what that'll mean for minor capitulation. But if it goes down, we could almost certainly see us go below one Zeta hash and ends of the new year. I think that's pretty probable.
0:43.8	Bitcoin Minor AI News is back on the docket as ever this week as Tara Wolf is seeking
0:48.8	$1.3 billion in secured financing for its JV flash compute with fluid stack. And this comes
0:55.1	on the heels of TerraWolf securing regulatory approval to develop its late Cayuga site.
1:00.5	You're listening to the mining pod brought to you by Clean Spark. And for today's news round
1:04.3	up, in addition to the Terawolf news, we have news of riots, $500 million ATM that had just
1:10.0	opened, and why that might not actually
1:12.3	be for immediate fundraising, but just optionality for future fundraising. We also touch on
1:17.2	similar Scientific's chairman, Eric Simler, pushing for shareholders to vote yes on the proposed
1:22.5	merger with Strive. And for this week's Cry Corner, we end with David Beckham bending it backwards, as my co-host
1:30.7	Charlie Spears point out on his Bitcoin treasury strategy. Yes, David Beckham was going to get
1:36.8	into the Bitcoin Treasury game and now he's getting out of it. You're listening to the mining
1:40.6	pod and we will be right back after a word from our sponsors. What's up, y'all? Welcome back to the Mining Pod, and we will be right back after a word from our sponsors.
1:50.5	What's up, y'all? Welcome back to the Mining Pod News Roundup, New Year's Eve edition.
1:54.6	We are recording this on New Year's Eve, last one of the year, first one of the year for 26, but in terms of recording the last one for us, we've got Charlie Spears, Matt Kimmel,
2:00.4	and Colin Harper on today, and we are
2:01.8	going to be discussing a couple of news items that are kind of mixed bag. We've got some Bitcoin
2:07.4	treasury stuff. Always fun to do a little dunk, a little layup. And then we've got some updates
	...

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