$5 Billion in AI Pivots, 20M BTC Mined, and Africa Wants Miners [NEWS]

About this episode

Jesse discusses major Bitcoin mining news, including AI pivots and a milestone in Bitcoin mining.

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 🛠 Sponsored by: Hashbranch – Hosting & hardware made simple Code: HASHRATEUP100 https://hashbranch.com SoloMining – Home &…

People in this episode

Host: Jesse

Topics covered

• Bitcoin mining
• AI infrastructure
• South Africa energy
• Zcash mining
• Bitcoin milestones

Keywords

• Bitcoin mining
• AI pivots
• Eskom
• 20 millionth Bitcoin
• Zcash

Sponsors

Hashbranch, SoloMining, Altair Technology

Mentioned in this episode

Organizations: Enscale, Archon Energy, Nvidia, Jane Street, Citadel, Dell, Lenovo, TeraWolf, Google, Foundry

Places: South Africa

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