Bitcoin Mining vs. AI w/ Will Foxley

Jan 29, 2026

Bimnet Abibi, a macro trader focused on Fed policy and crypto market positioning. Will Foxley, co-founder of BlockSpace Media, covering Bitcoin mining and data center trends. They tackle Fed pause and market moves. They explore Bitcoin mining economics, miners converting sites to AI data centers, retrofitting costs, hashrate geopolitics, and the rise of niche crypto media.

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INSIGHT

Precious Metals Rally Indicates Non‑Dollar Demand

Gold and silver rallies reflect a search for non-dollar denominated hedges amid geopolitical uncertainty.
Tokenized gold and on-chain commodity products are becoming financial substitutes for physical bullion.

ADVICE

Trade Chaos By Staying Nimble

Use volatility as trading opportunity by staying nimble and treating moves as liquidity windows.
Buy reasonable dips and sell headline-driven rips instead of reacting to each news swing.

ANECDOTE

Opnex Conference Had A MicroStrategy Kerfuffle

Will recounted Opnex locations: first at Fidelity in Boston and then at MicroStrategy's HQ.
The MicroStrategy event caused internal kerfuffles because it conflicted with company priorities.

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Alex Thorn talks with Will Foxley (Blockspace) about their conferences OP_NEXT and bitcoin development. Alex and Will also talk about crypto media and the supposed threat to bitcoin from quantum computers. Alex also talks to Beimnet Abebe (Galaxy Trading) about the results of the Federal Reserve Open Markets Committee meeting, interest rates. and the degrading investment environment.

Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement.

For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025, available at www.sec.gov.

This episode was recorded on Wednesday, January 21, 2025.