THE MINING POD: 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.

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 restructuring. 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…).

Timestamps:

00:00 Start

01:19 Difficulty report

03:27 Rhodium files for bankruptcy

08:28 Bitfarms acquires Stronghold

09:07 GDA expansion

09:28 Cipher Mining's new site

15:04 AI & HPC industry update report

22:09 Cry Corner

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! 

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"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk.

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