Show Notes
In this episode of HashrateUp, Jesse breaks down the biggest Bitcoin mining stories of the week, from billion-dollar AI pivots to a historic Bitcoin milestone and a surprise opportunity in South Africa.
Enscale, spun out of Bitcoin mining operator Archon Energy, raised $2 billion backed by Nvidia, Jane Street, Citadel, Dell, and Lenovo for AI infrastructure. TeraWolf secured a $3.2 billion Google credit backstop to pivot from mining to AI compute. Foundry is expanding into Zcash as $30 hash price compresses pool margins. The 20 millionth Bitcoin was mined last week with just 1 million left over the next decade. And Eskom, South Africa's state power utility, announced plans to sell surplus daytime energy to Bitcoin miners.
TIMESTAMPS:
0:00 Introduction and market conditions
0:54 Enscale raises $2B for AI infrastructure
1:48 Bitcoin mining roots at Archon Energy
2:21 20 millionth Bitcoin mined
3:04 Foundry expands into Zcash mining pool
3:58 Google backstops TeraWolf AI pivot
4:31 Eskom surplus energy for Bitcoin miners in South Africa
6:07 Closing thoughts
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