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 4year cycles, and how the industry will likely consolidate given tightening profit margins. Hear all of this and much more!


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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.