Why This Miner Refuses to Pivot to AI w/ Raphael Zagury
About this episode
Raphael Zagury discusses why Elektron Energy is not pivoting to AI and the current state of Bitcoin mining.
🔗 GUEST LINKS:Raphael Zagury on LinkedIn: https://www.linkedin.com/in/rzagury/Elektron Energy: https://elektronenergy.io/Twitter/X: @alphazeta ("Here Be Dragons" & monthly mining reports)🛠 Sponsored by:Luxor, Mining software, firmware & hashrate toolshttps://luxor.tech/Altair Technology, ASIC hardware, replacement parts & mining infrastructureCode: HASHRATEUPhttps://altairtech.io/aff/125/Everyone's leaving Bitcoin mining for AI. Raphael Zagury — co-founder & CEO of Elektron Energy, one of the largest private Bitcoin miners in the world — explains why they're doing the exact opposite.We break down the first-ever hash rate bear market: why this cycle feels different, why hash rate has been grinding down since October (not crashing like the China ban), and what happens when 60-70% of machines get wiped out at the next hashprice halving. Raphael makes the contrarian case that right now is one of the best times ever to start mining — if you can survive on the left side of the cost curve.We also get into why Elektron refuses to pivot to AI/HPC, how they pitch mining to institutions like Fidelity, the self-correcting mechanism in hashprice, and why stranded…
Sponsors
Luxor, Altair Technology
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