Rhodium Files for Bankruptcy, Mining Farm Acquisition Season, Public Miner AI Updates, and Bitcoin’s Maddening Energy Debate
In this week’s news roundup, Will, Colin, and Matt cover the news regarding Rhodium’s Chapter 11 bankruptcy, and they also touch on the spree of post-halving mergers and acquisitions in bitcoin mining. Plus, what’s the deal with public bitcoin miner AI/HPC strategies? Finally, they close on the ever-persistent (and always maddening) debate over bitcoin mining’s energy use.
Aug 30, 2024
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ABOUT
Welcome back to The Mining Pod! Blockspace broke news this weekend that Texas-based bitcoin miner Rhodium is going bankrupt, and we follow up in today’s show about what we do and don’t know regarding the incipient restructuringa. As Rhodium starts restructuring its debt, other bitcoin miners have been expanding, with mergers and acquisitions becoming the second hottest trend this summer in the mining sector. The hottest trend, though, is AI, and we’ve got the straight skinny on how public bitcoin miners are approaching the hyped-up sector. And in this week’s Cry Corner, the gang addresses yet more quibbling about Bitcoin’s energy use (when Solomon said that there’s nothing new under the sun, he was really talking about energy FUD…).
Follow along on your favorite podcast player of choice by clicking here.
- Check out Bitcoin Season 2 and The Gwart Show.
- Watch our newest documentary, The Big Empty!
Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell
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.
HOST
William Foxley
Will Foxley is the host of The Mining Pod and publisher at Blockspace Media. A former co-host of CoinDesk's The Hash, Will was the director of content at Compass Mining and a tech reporter at CoinDesk.
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