On today's episode Jason is joined by Fred Thiel, Chairman and CEO at Marathon Digital Holdings. Together they explore the world of Bitcoin mining, They dig into the current state of Bitcoin mining, including the competitive landscape, access to capital and equipment, and energy costs. They discuss how miners provide grid stabilization services to utilities by controlling electricity demand and the dynamics around Bitcoin's 4-year cycles, and how the industry will likely consolidate given tightening profit margins. Hear all of this and much more!
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Arbitrum is a game-changer for daily Ethereum's users and developers, offering top applications and lower fees. As the leading scaling solution with 600+ apps, explore Arbitrum’s Portal to find your perfect fit. Interact with the home of DeFi, a flourishing NFT and creator ecosystem, and a rapidly growing Web3 gaming hub – Arbitrum has it all.
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Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home - - Timestamps: 00:00 State of Bitcoin Mining 16:00 The Business of Mining 25:24 Geopolitical and Macro Risks on Power Rates 27:42 Importance of Self Power Generation 33:18 Arbitrum Ad 34:05 Harpie Ad 35:20 How do you Navigate the Complexities of Utilities 41:19 Corporations Acquiring Bitcoin 47:38 State of Bitcoin Hashrate 51:49 Prevalance of Leverage in Mining 59:02 Growth of Bitcoin Mining - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
