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CoinDesk Podcast Network

THE MINING POD: US Miners Grow Market Share, MARA’s $200m BTC Loan, and Cipher’s 1.5 GW Buy

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 18 October 2024

⏱️ 40 minutes

🧾️ Download transcript

Summary

In the news this week, a couple of $200 million headlines, 1.5 GWs of acquisition aspiration, and public US miners grow their hashrate share. Welcome back to the Mining Pod! For this week’s news roundup, Colin and Matt discuss how US public bitcoin miners are growing their share of Bitcoin's hashrate. Plus, Marathon is leveraging its trove of 26,000+ BTC and Cipher is going bigly with three pending mining site acquisitions for a total of 1.5 GW of capacity, some of which the miner may allocate toward AI/HPC compute. They also touch on some AI updates from Crusoe and Bit Digital, and in this week’s cry corner, why grown men are getting big mad about arbitrary data on  everyone’s favorite block explorer.  👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 01:42 Difficulty update 04:19 29% PubCo Hashrate report JPMorgan 10:50 MARA Unlocks $200M BTC-Backed Credit Line 18:06 Cipher Mining Acquires 1.5 GW in Texas 24:37 Blue Owl Backs Crusoe in AI Move 29:35 Bit Digital Acquires HPC Data Center 32:38 Cry corner: "Runes, ordinals, etc don’t exist" 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!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. 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.

Transcript

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0:49.7

What's going on, y'all?

0:50.9

Welcome back to the mining pod for this week's News Roundup.

0:55.1

We got a duo show today with your boy Matt Kimmel and your boy Colin Harper.

1:00.4

Matt, how you doing today, man?

1:02.0

Doing great. Ready to tackle some news.

1:04.5

Yeah, we got a lot of things on the docket today.

1:07.0

At first, I thought it was a little bit of a slow week.

1:09.3

And then obviously our boy,

1:11.1

Wolfie Zau at the Miner Mag coming in clutch with some stories that went underreported

1:16.3

with the usual suspects in crypto media. So we're going to start with the usual difficulty

1:20.6

update. We'll move on to a J.P. Morgan report that shows that U.S. Bitcoin miners

...

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