THE MINING POD: The Bullish Case for Bitdeer with Brandon Bailey

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4.7 • 698 Ratings

🗓️ 3 September 2024

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitdeer went public in April 2023, and since then, it has earned consideration as one of the top 10 public bitcoin mining stocks by market cap. Today, our guest Brandon Bailey makes the case for why it deserves a spot in the top five. Welcome back to The Mining Pod! This week we are joined by Brandon Bailey (a.k.a. Bitcoin Beezy), a co-founder of Second Gate advisory and a former VP of mining at Galaxy Digital, to discuss his recent research note on Bitdeer. He argues that the public miner, which is sometimes overlooked for some combination of language barriers and the team’s geographic distance from North America, is massively undervalued. He digs into Bitdeer’s bitcoin mining business and its burgeoning ASIC miner manufacturing line to make the case that the company deserves a valuation comparable to Riot, Marathon, CleanSpark, and Core Scientific. Timestamps: 00:00 Start 02:11 Bitdeer Research Note 03:46 Bitdeer as public company underdog 08:12 2025 Projected Growth 12:42 market segments 14:59 Total Revenue 16:10 Self mining vs hosting 18:34 New ASICs 23:46 ASIC manufacturing at scale 30:13 Advantages of vertical integration 35:08 Bitdeer can shift market segments 37:03 AI & HPC 41:11 AI training profitability 45:34 3 AI Compute approaches 50:43 Final thoughts 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! 👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our hosts on Twitter, @wsfoxley and @AsILayHdoling. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! - "The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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0:33.7	The Miner Mag brings you free data and analysis from all major NASDAQ listed Bitcoin
0:37.7	mining operations to know who stands out. Check out visualized metrics and data-dependent
0:42.2	stories at the MinerMag.com. Welcome back to the mining pod, y'all. I'm the editor-in-chief
0:47.8	of Blockspace Media, Colin Harper. Will Foxley is out today, so y'all are stuck with me on this
0:53.1	beautiful Tuesday morning when we're recording this. We have a very good show so y'all are stuck with me on this beautiful Tuesday morning when we're
0:55.0	recording this. We have a very good show for y'all today. We've got Brandon Bailey, co-founder of
1:00.9	Second Gate Advisory, formerly VP of Mining at Galaxy Digital on, to talk about a recent research
1:07.7	report he wrote about why Bit Deere is undervalued, or at least why he thinks so.
1:12.6	We published an op-ed from him based on this research note on Blockspace Media. Go check it out.
1:18.6	Go check out his research. Follow Second Gate Advisory and Brandon at Bitcoin Bez on Twitter.
1:24.0	He's got some great research, really looking forward to hearing his perspective on why
1:29.7	he believes that Bit Deere deserves to have consideration in the top four, top five public
1:35.3	minors. So without further ado, let's bring them onto the stage. Brandon, how are we doing,
1:40.6	man? Good, man. Happy to be here. Yeah, thank you for joining. I know we're all
1:46.4	busy. It's early in the morning, so I appreciate you hopping on. So I'm going to share your
1:51.6	research report here. Really kind of nice one-off. I think that, you know, I did a lot of reports
1:58.4	at Luxor on stocks and what I kind of got.
	...

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