WEBVTT

NOTE
This file was generated by Descript 

00:00:03.320 --> 00:00:04.370
We are back, baby.

00:00:04.730 --> 00:00:05.210
Back.

00:00:05.960 --> 00:00:06.680
It's been a while.

00:00:07.460 --> 00:00:08.720
It's been a, it's been a minute.

00:00:08.720 --> 00:00:11.600
We've uh, we've been a little busy.

00:00:11.990 --> 00:00:12.560
Little busy.

00:00:12.560 --> 00:00:14.780
We have, we're still leaking
out episodes from Austin from

00:00:14.780 --> 00:00:17.360
November that we never released.

00:00:18.020 --> 00:00:18.440
Right.

00:00:18.500 --> 00:00:20.480
We, we gotta get Christians out.

00:00:20.570 --> 00:00:22.670
Christian Lopez, we release this.

00:00:22.670 --> 00:00:23.510
We gotta get it some point.

00:00:23.600 --> 00:00:24.080
We did.

00:00:24.320 --> 00:00:24.500
Yeah.

00:00:24.500 --> 00:00:25.070
Did that one come out?

00:00:25.730 --> 00:00:27.410
Dude, I need to go like
tweet some stuff about that.

00:00:27.410 --> 00:00:27.980
No, it was a good episode.

00:00:28.655 --> 00:00:29.855
Yeah, Christian's the man.

00:00:30.005 --> 00:00:30.725
I love that dude.

00:00:31.085 --> 00:00:32.615
We've been putting in a lot
of work behind the scenes.

00:00:32.615 --> 00:00:34.985
I know it may not seem like it
and everybody keeps asking us,

00:00:34.985 --> 00:00:36.065
Hey, are we still doing episodes?

00:00:36.065 --> 00:00:40.835
Of course, we are just wanting to go
a little bit of a different direction.

00:00:40.835 --> 00:00:45.275
I think with the show, you know,
we've wanted to expand the scope.

00:00:45.895 --> 00:00:49.675
Give more into the intersection
of not only Bitcoin mining and

00:00:49.675 --> 00:00:54.625
energy, but really AI compute and
infrastructure, uh, and power generation.

00:00:54.625 --> 00:00:56.605
I think that that's just,
there's a convergence that's

00:00:56.605 --> 00:00:57.745
happening between all of these.

00:00:57.745 --> 00:01:02.095
We've seen AI players turn into Bitcoin
miners, Bitcoin miners turn into, I.

00:01:02.120 --> 00:01:05.780
The AI players power is gonna
be underpinning all of it.

00:01:05.780 --> 00:01:08.210
It's the, you know, it's the
hot topic at, you know, any

00:01:08.210 --> 00:01:10.130
gathering, uh, in this space.

00:01:10.130 --> 00:01:12.200
And so, plus there's only
so many Bitcoin miners.

00:01:12.200 --> 00:01:13.760
We can only talk to so many groups.

00:01:14.060 --> 00:01:16.520
And so really wanting to understand
everything that's happening, I.

00:01:17.540 --> 00:01:20.630
At this intersection between all of
this, and that's where I'm focusing

00:01:20.630 --> 00:01:22.640
my time personally and as, as are you.

00:01:22.640 --> 00:01:25.340
And we'll kinda talk some more
about that, but wanting to expand

00:01:25.345 --> 00:01:28.220
the, the scope of the show and
really wanting to, to put a lot more

00:01:28.220 --> 00:01:31.100
effort, uh, into this mean it's fun.

00:01:31.160 --> 00:01:32.090
We, we really enjoy it.

00:01:32.090 --> 00:01:34.130
And so we're gonna be taking
this thing on the road.

00:01:34.340 --> 00:01:37.430
We'll be hitting, uh,
Bitcoin 2025 conference.

00:01:37.610 --> 00:01:39.500
Uh, probably doing a whole
bunch of shows there.

00:01:40.175 --> 00:01:42.995
There's also, I, I got, um,
somebody mentioned to me,

00:01:42.995 --> 00:01:45.245
uh, Bitcoin Park in Austin.

00:01:45.245 --> 00:01:46.265
There's something that's happening.

00:01:46.895 --> 00:01:47.105
Yeah.

00:01:47.105 --> 00:01:49.835
They're doing the Texas
Energy and Mining Summit.

00:01:50.075 --> 00:01:53.015
Uh, I think it's May 6th and seventh.

00:01:53.705 --> 00:01:57.995
And I don't know if you ever got to go
to the one in Nashville at Bitcoin Park.

00:01:58.145 --> 00:01:58.550
Uh, no.

00:01:58.550 --> 00:01:59.405
I never got to make it out.

00:02:00.020 --> 00:02:01.250
Dude is super dope.

00:02:01.250 --> 00:02:07.370
I think it's one of the best, um,
events that I've been to and really

00:02:07.370 --> 00:02:12.890
high quality speakers, high quality
content, and Bitcoin Park is just dope.

00:02:13.070 --> 00:02:14.000
Really, really dope.

00:02:14.030 --> 00:02:16.100
The Nashville one, uh, Bitcoin.

00:02:16.160 --> 00:02:18.680
Commons is now Bitcoin Park Austin.

00:02:18.680 --> 00:02:20.450
So that's what it is.

00:02:20.450 --> 00:02:23.420
I've had people ask me about that
too, and I'm like, you know, I

00:02:23.420 --> 00:02:26.900
wasn't sure until I saw it just
literally like a couple weeks ago.

00:02:26.900 --> 00:02:30.140
So, um, but yeah, they're doing
the Texas Energy and Mining

00:02:30.140 --> 00:02:31.610
Summit May 6th and seventh.

00:02:32.240 --> 00:02:34.130
Um, I'm just waitlisted.

00:02:34.220 --> 00:02:35.180
I don't know what that means.

00:02:35.180 --> 00:02:35.600
I don't know.

00:02:35.600 --> 00:02:41.750
I, I, I hope I get in, like I've been
involved in mining in Texas for a while.

00:02:41.750 --> 00:02:44.900
I, I'm Parker, dude, you gotta,
you gotta get me in there.

00:02:44.960 --> 00:02:45.230
So.

00:02:46.505 --> 00:02:49.115
Yeah, I, well, I mean, he's
part of it, so they, I, okay.

00:02:49.235 --> 00:02:53.435
I'm not sure, I haven't heard the story
of like how, 'cause Bitcoin park, um,

00:02:53.435 --> 00:02:57.305
in Nashville, like they set up that
whole facility that, how did you go

00:02:57.305 --> 00:02:58.505
there when you were out in Nashville?

00:02:58.655 --> 00:03:00.005
N no, I never get to tell that dude.

00:03:00.005 --> 00:03:01.715
It's, it's super, it's sick.

00:03:01.715 --> 00:03:02.615
I love the way they did it.

00:03:02.735 --> 00:03:05.435
They, they had, you know,
that kind of site and I think.

00:03:05.810 --> 00:03:09.530
Now Bitcoin Commons became
Bitcoin Park Austin.

00:03:09.980 --> 00:03:12.380
I think they're kind of trying to
implement the same type of vibe

00:03:12.380 --> 00:03:13.730
and all that, which is super cool.

00:03:13.730 --> 00:03:17.600
And, and I think they're, you
know, that event, they were usually

00:03:17.600 --> 00:03:21.650
doing it like South by Southwest,
um, or during Bitcoin takeover.

00:03:22.340 --> 00:03:24.080
Um, I think it's kind of.

00:03:24.740 --> 00:03:28.010
Uh, you know, they still did that this
year, but I think it's kind of like,

00:03:28.340 --> 00:03:35.180
you know, maybe this is gonna be more
like the event in Nashville and Gotcha.

00:03:35.510 --> 00:03:37.520
Again, they do that in January.

00:03:37.640 --> 00:03:39.350
Um, super cool though, man.

00:03:39.620 --> 00:03:44.720
Really just high quality folks there and
much more intimate than like your typ

00:03:44.960 --> 00:03:50.150
typical like conference or whatever, which
we should talk about in power, by the way.

00:03:50.705 --> 00:03:56.765
So we were in Fort Lauderdale for Money
Disrupt, and we got a lot of time to

00:03:56.765 --> 00:03:58.925
talk and got to talk to a lot of people.

00:03:59.435 --> 00:04:01.955
And this has been a theme for at least
like the last year, is everybody kind of

00:04:01.955 --> 00:04:05.915
corners me at a, uh, social gather and
they're like, when are we doing in power?

00:04:05.915 --> 00:04:06.995
Can you please bring it back?

00:04:07.325 --> 00:04:07.625
So.

00:04:08.645 --> 00:04:11.855
We've been thinking about it and
it's something that we definitely

00:04:11.855 --> 00:04:13.745
want to do for the community.

00:04:13.835 --> 00:04:18.725
However, I don't have the desire
to host another really large

00:04:18.725 --> 00:04:20.285
conference, and I'll tell you why.

00:04:20.765 --> 00:04:22.355
Uh, for one, it's a lot of work.

00:04:22.445 --> 00:04:27.455
Um, the last three empowers that we
did took six months of my life each,

00:04:27.755 --> 00:04:29.945
and that was like pretty much the
only thing that I was focused on.

00:04:30.305 --> 00:04:33.635
Don't get me wrong, they were amazing
and I loved it, and it was awesome.

00:04:33.635 --> 00:04:34.505
I'm so glad that we did it.

00:04:34.975 --> 00:04:39.295
Um, but with everything that I have going
on, it's, it's just not, uh, realistic.

00:04:39.745 --> 00:04:43.585
And the same thing is if I put myself
in the shoes of an attendee, right?

00:04:43.585 --> 00:04:45.415
Usually you're there for a
few different reasons, right?

00:04:45.415 --> 00:04:47.965
We're all there to do business, we're
all there to network and hang out.

00:04:48.475 --> 00:04:50.065
But if you really get down to, I.

00:04:51.200 --> 00:04:52.940
Making those kind of connections.

00:04:53.210 --> 00:04:55.400
You know, if you're somebody who's like
new to the space and you're looking

00:04:55.400 --> 00:04:59.210
to get deals done and you show up and
there's 1200 people there, you're kind

00:04:59.210 --> 00:05:00.710
of just shotgun blasting, you know?

00:05:00.710 --> 00:05:03.380
So you'd go hang out at the expo for a
little bit, go to the content, hang out

00:05:03.380 --> 00:05:07.490
at the networking parties, and just try to
meet the people that you're looking for.

00:05:07.895 --> 00:05:12.995
So we have kind of started to
reimagine what Empower can be.

00:05:12.995 --> 00:05:17.915
And so if we can get jump to straight
to the end of like making deals happen

00:05:17.915 --> 00:05:20.825
and making Empower a little bit more
deal centric, what does that look like?

00:05:21.365 --> 00:05:25.985
And so we've been talking a
lot about reimagining this

00:05:25.985 --> 00:05:27.605
as more of like a retreat.

00:05:28.115 --> 00:05:31.355
And so the numbers would obviously
be significantly smaller.

00:05:31.355 --> 00:05:33.185
This would be a lot more
of an exclusive event.

00:05:33.665 --> 00:05:39.095
And the vision here is to bring together
miners, uh, AI infrastructure groups,

00:05:39.095 --> 00:05:43.895
data center builders, um, people in the
power gen space and capital providers.

00:05:44.135 --> 00:05:44.495
Right?

00:05:44.495 --> 00:05:46.205
And so I see the.

00:05:46.940 --> 00:05:51.080
The, the nucleus of this really
being centered around having groups

00:05:51.080 --> 00:05:55.490
that have vetted deals, come out and
pitch their deals to the room, right?

00:05:55.490 --> 00:05:59.450
And then have the investors be able
to look at, uh, perspectives of all

00:05:59.450 --> 00:06:02.210
the deals, including the deal that's
being presented, and then say, Hey,

00:06:02.210 --> 00:06:04.220
I would love to meet with this group.

00:06:04.430 --> 00:06:07.460
And then after that, move
on to some speed dating.

00:06:08.080 --> 00:06:10.690
To where we can actually
make these things happen.

00:06:11.050 --> 00:06:13.960
Um, events like this have been
very successful in the past,

00:06:13.960 --> 00:06:15.160
in totally different spaces.

00:06:15.580 --> 00:06:18.130
Um, this is how I met some people
that I've become great friends with

00:06:18.130 --> 00:06:22.480
in the past through, uh, like the
Rice Alliance does a, like a tech, uh.

00:06:22.735 --> 00:06:24.445
Like a VC thing.

00:06:24.445 --> 00:06:27.265
So if you're a startup and you wanna
meet with investors, I got to meet

00:06:27.265 --> 00:06:30.565
with a ton of investors, get a lot of
really great feedback, um, with people

00:06:30.565 --> 00:06:31.675
that I'm still friends with today.

00:06:31.975 --> 00:06:34.165
And so just taking that same
kind of format, so it's like

00:06:34.165 --> 00:06:35.635
that kind of meets like Nape.

00:06:35.635 --> 00:06:37.975
But for this space, I.

00:06:38.245 --> 00:06:40.105
I think that that would be really magical.

00:06:40.255 --> 00:06:44.545
Um, so from the, the, the vision here
is from the time that you land at

00:06:44.545 --> 00:06:47.515
whatever the venue is, that we decide
everything will be all inclusive.

00:06:47.545 --> 00:06:51.085
And so this, the ticket price,
whatever it may be, will include,

00:06:51.205 --> 00:06:52.555
um, the two nights of stay at.

00:06:53.310 --> 00:06:54.930
It's gonna be a really nice
place wherever we decide.

00:06:55.380 --> 00:06:57.840
Um, all food, all drinks, everything else.

00:06:57.900 --> 00:06:59.640
Uh, there's gonna be a lot of
activities that we're gonna be doing.

00:06:59.640 --> 00:07:02.820
It's not just gonna be stuffy,
sitting at a conference watching

00:07:02.850 --> 00:07:05.880
a ton of, um, panels all day.

00:07:05.940 --> 00:07:08.400
Um, there's not gonna be
an expo portion whatsoever.

00:07:08.790 --> 00:07:11.700
Um, so we have already
started a wait list.

00:07:11.760 --> 00:07:14.520
And so if you wanna go to
energizing bitcoin podcast.com,

00:07:14.640 --> 00:07:17.340
there's a wait list you can go and, um.

00:07:17.735 --> 00:07:21.095
Throw your name on there, give us a
little bit of feedback, and uh, we

00:07:21.095 --> 00:07:23.885
plan on kind of opening this up and if
there's enough demand and if people are

00:07:23.885 --> 00:07:26.525
interested in enough in this, then we'll
pull it off and we'll do it sometime

00:07:26.525 --> 00:07:29.135
in probably the first half of 2026.

00:07:29.435 --> 00:07:34.265
Yeah, and um, I'll be honest, man, the
biggest reason I'm excited about it is.

00:07:35.000 --> 00:07:39.710
I am really sick of conferences
being basically the same thing.

00:07:39.830 --> 00:07:43.580
And we've talked about this
a lot, um, and I've heard it

00:07:43.580 --> 00:07:46.430
from literally this week alone.

00:07:46.790 --> 00:07:51.260
I've had like five people talk to
me about how boring the conferences

00:07:51.260 --> 00:07:54.110
have gotten and just repetitive.

00:07:54.110 --> 00:07:58.160
And, and it gets to where it's like,
man, we're literally just seeing each

00:07:58.160 --> 00:08:00.350
other in a new town or a new city.

00:08:00.710 --> 00:08:02.060
Same people over and over.

00:08:02.360 --> 00:08:02.990
This, this.

00:08:03.620 --> 00:08:06.110
Think there, there's room
for this, in my opinion.

00:08:06.110 --> 00:08:09.230
I mean, we wouldn't be trying to do
it if, if we didn't think there was.

00:08:09.230 --> 00:08:12.650
So I think it'll, it'll go
over well and I think it's, I

00:08:12.650 --> 00:08:14.390
think there is a need for it.

00:08:14.840 --> 00:08:18.380
Um, you know, we'll get into a
little bit about what each of us

00:08:18.380 --> 00:08:20.060
are working on and, and doing now.

00:08:20.510 --> 00:08:26.720
Um, but bringing capital to
groups that need it, um, and

00:08:26.720 --> 00:08:29.270
groups that are looking for it is.

00:08:29.720 --> 00:08:33.590
What it, it's a great purpose
for a event like this.

00:08:33.620 --> 00:08:38.120
And, um, I know you, you recently went to
one and felt like you, you know, you got

00:08:38.120 --> 00:08:42.110
a lot out of it and, you know, new wave,
like, I think you mentioned it already.

00:08:42.110 --> 00:08:45.080
I know we've talked about it so much,
so that might be what's in my mind.

00:08:45.080 --> 00:08:46.250
But New Wave was one.

00:08:46.730 --> 00:08:51.260
Um, it's where I met you dude, so
yeah, so, but it was a lot closer.

00:08:51.950 --> 00:08:52.550
Yeah, more intimate.

00:08:52.595 --> 00:08:55.190
It was the only, it was the only
retreat that we ever did with,

00:08:55.190 --> 00:08:59.180
with Digital Wildcatters and there
was like 60 people I think total.

00:08:59.180 --> 00:09:00.470
And we had some really great names.

00:09:00.500 --> 00:09:04.670
Uh, Toby Rice was there, John Farber from
Lime Rock, uh, a bunch of other people.

00:09:05.210 --> 00:09:08.960
And yeah, we had a couple small little
sessions about some hot topics, kind

00:09:08.960 --> 00:09:11.960
of Chatham House rules, and then
we had a variety of activities and

00:09:11.960 --> 00:09:16.160
dinners and the fire pit was open
until like, you know, super late.

00:09:16.160 --> 00:09:20.120
People were out there hanging out, doing,
doing oil and gas deals until like two.

00:09:20.455 --> 00:09:22.645
Yeah, Justin tries to beat up a comedian.

00:09:22.945 --> 00:09:26.185
Um, thankfully that
didn't stifle his career.

00:09:26.185 --> 00:09:28.645
He's gone on to do great things
and he's become really popular.

00:09:28.795 --> 00:09:29.215
Who, me?

00:09:29.215 --> 00:09:30.535
Or the, uh, comedian?

00:09:30.685 --> 00:09:31.765
Uh, both, you know?

00:09:31.850 --> 00:09:32.140
Yeah.

00:09:33.320 --> 00:09:34.180
Uh, definitely him.

00:09:34.200 --> 00:09:34.620
He is definitely.

00:09:34.640 --> 00:09:36.895
But yeah, like that, like you
said, that's where we met.

00:09:36.895 --> 00:09:39.085
We just so happened to
get matched up on the, um.

00:09:39.355 --> 00:09:40.165
On the golf day.

00:09:40.555 --> 00:09:43.195
And so we were in the cart together
just kind of driving around and

00:09:43.405 --> 00:09:46.105
then we just kind of hit it off
and, you know, everything you see

00:09:46.105 --> 00:09:47.755
here is, is, is a result of that.

00:09:47.755 --> 00:09:52.375
So yeah, mashing kind of like that new
wave retreat concept with, with the

00:09:52.375 --> 00:09:56.095
empower crowd and expanding the scope
of that a little bit to include our

00:09:56.455 --> 00:09:58.705
brethren in the AI and power gen space.

00:09:59.395 --> 00:10:02.065
And so if this is something you guys
are interested in, fill out the wait

00:10:02.065 --> 00:10:05.215
list, give us a little bit feedback
and uh, we're gonna pull it off.

00:10:05.545 --> 00:10:07.105
I think it's gonna be super dope.

00:10:08.105 --> 00:10:12.095
I do, and here's the thing, I just, we,
we have a little bit more freedom because

00:10:12.095 --> 00:10:17.015
historically we were constrained because
that was the business model at the time,

00:10:17.345 --> 00:10:18.815
um, for Digital Wild Canada, right?

00:10:18.815 --> 00:10:19.565
We're a media company.

00:10:19.565 --> 00:10:20.885
We had to make money on those.

00:10:21.155 --> 00:10:25.445
So to be absolutely clear,
this makes money great.

00:10:25.475 --> 00:10:29.705
If it doesn't, as long as it like breaks
even then we're like totally fine.

00:10:30.125 --> 00:10:30.455
Right?

00:10:30.455 --> 00:10:31.385
And this is more of, um.

00:10:32.180 --> 00:10:34.910
Continue to move the space forward.

00:10:35.090 --> 00:10:38.750
Um, you know, this, this is
aligned with, with what both of

00:10:38.870 --> 00:10:40.280
us are doing kind of individually.

00:10:40.760 --> 00:10:43.760
And so we want, we hear
you, we want to do it.

00:10:44.180 --> 00:10:45.860
Um, this is how we're imagining it.

00:10:45.920 --> 00:10:48.140
And so if this is a great
idea, fill out the wait list.

00:10:48.140 --> 00:10:51.410
If it's a terrible idea, fill out the
wait list and also tells a terrible idea.

00:10:51.770 --> 00:10:55.130
Um, and then we will take into
consideration that feedback as well.

00:10:55.460 --> 00:10:55.760
Right.

00:10:56.030 --> 00:10:56.330
Right.

00:10:56.630 --> 00:10:58.250
But again, it's gonna be dope.

00:10:58.385 --> 00:10:59.155
It's gonna be a good idea.

00:10:59.155 --> 00:11:00.950
It's gonna, yeah, we've already
talked to a lot of people and

00:11:00.950 --> 00:11:04.910
they're all, literally everybody I've
talked to is super excited about it.

00:11:04.910 --> 00:11:08.000
So, um, plus man, I mean,
there's a cool factor.

00:11:08.000 --> 00:11:10.340
Like Jake Corley is gonna be there,
you know, running shit, coming

00:11:10.340 --> 00:11:12.555
up with, I mean, where else are
you gonna get that, you know?

00:11:13.340 --> 00:11:15.050
No energizing Bitcoin.

00:11:15.230 --> 00:11:15.620
That's it.

00:11:15.620 --> 00:11:16.040
That's it.

00:11:16.400 --> 00:11:16.910
That's it.

00:11:17.340 --> 00:11:20.075
Well, you've had a lot of life changes
recently, so what do you, yeah.

00:11:20.075 --> 00:11:22.170
What do you, the people don't
know what you've been up to.

00:11:22.170 --> 00:11:25.590
I know what you're up to, but what,
what, what life changes have happened?

00:11:25.620 --> 00:11:26.280
What are you working on?

00:11:26.280 --> 00:11:27.030
What are you excited about?

00:11:27.480 --> 00:11:29.100
Uh, man, all kinds of them.

00:11:29.220 --> 00:11:34.860
Um, so big one, obvious one for,
um, me and you that we've talked

00:11:34.860 --> 00:11:36.900
about is, uh, no longer with Aon.

00:11:37.650 --> 00:11:40.680
Um, that was, that was as
of, I don't know, a month or

00:11:40.680 --> 00:11:41.880
two ago, something like that.

00:11:42.480 --> 00:11:45.270
Um, close some nice deals there.

00:11:45.330 --> 00:11:45.960
Uh.

00:11:46.790 --> 00:11:50.870
Create a lot of value and, and
opportunity and, um, proud of that

00:11:50.870 --> 00:11:53.840
and excited about, um, what I did.

00:11:53.840 --> 00:11:58.490
But, uh, just, you know, it was time
to, to move on to different things

00:11:58.520 --> 00:12:04.010
and I wish them luck and I think
that, uh, they, they will have some

00:12:04.010 --> 00:12:05.480
good things going on, I'm sure.

00:12:05.480 --> 00:12:07.880
But, um, yeah, man, it was just.

00:12:08.325 --> 00:12:12.525
There are some opportunities out there
too that I think I want to pursue a

00:12:12.525 --> 00:12:14.085
little bit more, which we've talked about.

00:12:14.085 --> 00:12:19.515
And, um, one of 'em is, uh, I, I've been
doing a lot of work with Texas Energy

00:12:19.515 --> 00:12:23.325
Group and Waylon Johnson over the last,
and it's been probably eight months,

00:12:23.325 --> 00:12:28.065
honestly, since I've, I've been around,
uh, working with him over there at TEG.

00:12:28.575 --> 00:12:30.825
Uh, they're trying to get
their name a little bit bigger.

00:12:30.825 --> 00:12:32.205
You know, he, uh.

00:12:32.750 --> 00:12:35.480
He sold pump jack power last year.

00:12:35.870 --> 00:12:39.770
Um, I think, you know, they've been
kind of closing that up for a while.

00:12:39.770 --> 00:12:45.230
So, uh, this is like a new endeavor
that he is got going and, um, we've

00:12:45.230 --> 00:12:48.830
got some cool stuff we're working on,
on, on the gas side of things, so.

00:12:49.430 --> 00:12:51.290
Everybody's gonna, we're gonna
talk about that with you too.

00:12:51.290 --> 00:12:54.860
But, um, yeah, it's, it's,
we've got a lot of traction.

00:12:54.860 --> 00:12:57.320
I'm excited about what we're
putting together and there's a big

00:12:57.320 --> 00:13:00.050
need for it, as we'll talk about
here in a little bit as well.

00:13:00.620 --> 00:13:05.600
Um, but also, uh, working with
Emery Energy and my boy Russell

00:13:05.690 --> 00:13:08.870
Koon over there and George McHale,
uh, been working with those.

00:13:08.870 --> 00:13:09.201
Russell Russell's great.

00:13:09.415 --> 00:13:11.495
I get to meet him for the
first time in Fort Lauderdale.

00:13:12.230 --> 00:13:13.325
This's a chill guy, dude.

00:13:13.325 --> 00:13:13.525
Super chill.

00:13:13.530 --> 00:13:14.930
He's just immaculate vibes.

00:13:15.320 --> 00:13:15.740
Right?

00:13:15.740 --> 00:13:17.120
You gotta meet George too.

00:13:17.120 --> 00:13:17.450
You, yeah.

00:13:18.045 --> 00:13:18.565
George is phenomenal.

00:13:18.565 --> 00:13:19.880
Well, yeah, you met him on
when he came on the show.

00:13:19.880 --> 00:13:19.940
Yeah.

00:13:19.940 --> 00:13:22.550
But like, man, just those two dudes.

00:13:23.180 --> 00:13:25.430
Like I got, I got a few friends.

00:13:25.640 --> 00:13:26.090
All right.

00:13:26.180 --> 00:13:29.690
I got a lot of people I know and
that I consider great people.

00:13:30.080 --> 00:13:34.850
Um, but like my close, close
friends and Well, obviously

00:13:34.850 --> 00:13:36.110
you, you're my boy dude, but.

00:13:36.460 --> 00:13:38.530
George and Russ are two of the other ones.

00:13:38.950 --> 00:13:43.840
Um, obviously there's a lot more too, and
everybody knows, you know who you are.

00:13:44.290 --> 00:13:49.330
Um, Mario, you're one of my boys
too, so, but uh, but like it's hard

00:13:49.330 --> 00:13:55.180
to find people that you want to work
with, um, for a long time and that

00:13:55.180 --> 00:13:56.920
you can kind of trust on that level.

00:13:57.040 --> 00:14:01.660
Um, you are one of 'em, like I just
said, but Russ and George are definitely

00:14:01.660 --> 00:14:03.820
on that list too, and like for me.

00:14:04.760 --> 00:14:08.270
Like being spiritually aligned
with somebody is hard to find.

00:14:08.270 --> 00:14:10.850
'cause I'm kind of a weirdo
and a little bit of a hippie.

00:14:11.480 --> 00:14:13.670
Um, but we're all dying, right?

00:14:13.700 --> 00:14:14.390
We're all dying.

00:14:14.750 --> 00:14:15.920
I got, I'm getting that tattoo.

00:14:15.920 --> 00:14:18.620
My daughter, Ash actually asked me
about getting a tattoo the other day.

00:14:18.620 --> 00:14:22.550
She turned 18 and I've been
kind trying to figure out where.

00:14:23.465 --> 00:14:27.935
To push her and the whole Memento
Moray Marcus really stuff.

00:14:27.935 --> 00:14:29.405
I'm trying to really get her into that.

00:14:29.405 --> 00:14:31.955
So yeah, man Mo, we're all dying.

00:14:32.045 --> 00:14:37.175
And, uh, George and Russ both like,
understand that and like live by that.

00:14:37.175 --> 00:14:40.805
And there's, there's making
money's very important when

00:14:40.805 --> 00:14:42.095
you're going to business ventures.

00:14:42.095 --> 00:14:44.645
And it's actually like basically the goal.

00:14:45.245 --> 00:14:47.435
Um, but doing so with
people that are like.

00:14:48.335 --> 00:14:51.305
Spiritually aligned with you, dude,
and kind of got the same philosophy

00:14:51.305 --> 00:14:58.115
on life and outlook is really,
really, really high importance to me.

00:14:58.625 --> 00:15:02.735
And uh, so yeah, dude, I'm excited for
what we're gonna be doing over there.

00:15:02.735 --> 00:15:05.105
We're basically a way
I would describe it is.

00:15:06.170 --> 00:15:09.140
Almost like, uh, well,
we're, we're mining already.

00:15:09.320 --> 00:15:11.445
Um, but you said the
site in Victoria, right?

00:15:11.445 --> 00:15:12.126
That you guys set up, right?

00:15:12.126 --> 00:15:12.127
Yeah.

00:15:12.127 --> 00:15:13.130
You got site in Victoria.

00:15:13.250 --> 00:15:19.700
Um, and it's doing great, um, but going
to expand a lot more and look for other

00:15:19.700 --> 00:15:24.320
mining opportunities, uh, in addition to
some like more creative ones and working

00:15:24.320 --> 00:15:29.210
directly with some co-ops or utilities and
load balancing and looking for kind of.

00:15:29.525 --> 00:15:35.225
Peak time, uh, structures where we
can almost work with those groups

00:15:35.225 --> 00:15:36.965
to attack some opportunities.

00:15:36.965 --> 00:15:40.595
And I'm, I wanna look at some
wind farms and a whole lot of just

00:15:40.595 --> 00:15:44.255
generation opportunities where,
you know, you don't necessarily,

00:15:44.405 --> 00:15:46.175
they're, they're quick returns.

00:15:46.505 --> 00:15:48.395
Um, also really looking heavily.

00:15:49.720 --> 00:15:53.230
Into things like quarterly energy,
which I'll let you talk about.

00:15:53.230 --> 00:15:57.460
But, um, the power generation side
we're very, very, in getting into

00:15:57.460 --> 00:16:01.570
some oil and gas opportunities, like
just blending all the, the things that

00:16:01.570 --> 00:16:06.310
you and I and have spent probably the
last 10, 15 years of our lives on.

00:16:06.790 --> 00:16:10.630
Um, and kind of combining 'em all into
opportunities that are gonna be really,

00:16:10.630 --> 00:16:16.330
really, um, accretive financially and
and of value to us and to the company.

00:16:16.330 --> 00:16:16.750
But.

00:16:17.120 --> 00:16:20.750
Also just doing it with kind of the,
the right intentions in mind, man.

00:16:20.750 --> 00:16:25.460
And so I'm very, I'm, I am super excited
about all the stuff I'm working on.

00:16:25.880 --> 00:16:28.310
Uh, Waylon's a great dude, TEG.

00:16:28.520 --> 00:16:31.400
They've got a great group
of people over there.

00:16:31.820 --> 00:16:32.480
Um.

00:16:33.415 --> 00:16:36.535
One of my daughters is
over there, uh, as well.

00:16:36.535 --> 00:16:38.785
So that's been fun and
getting to work with her.

00:16:38.785 --> 00:16:42.745
And, uh, I know we've talked just about
it before, but we're gonna have kind

00:16:42.745 --> 00:16:47.935
of TEG stepping in and doing like, uh,
some ercot updates and market updates

00:16:47.935 --> 00:16:49.165
going forward, things like that.

00:16:49.165 --> 00:16:51.145
So we're not only.

00:16:51.920 --> 00:16:55.460
We're gonna expand the show too, I
guess was what we needed and kind

00:16:55.460 --> 00:16:57.530
of structure it a little bit more.

00:16:57.530 --> 00:17:01.970
In the past, we usually just shoot,
show up and shoot the shit and have a

00:17:01.970 --> 00:17:03.350
good time, which we're gonna still do.

00:17:03.350 --> 00:17:06.170
We don't wanna lose that aspect of
it, but we want to, we wanna, you

00:17:06.170 --> 00:17:10.400
know, kind of bring some additional
things in and expand what we do, but.

00:17:11.090 --> 00:17:15.860
But yeah, from a work, from man, I'm,
you know, TEG and, and Emory and then

00:17:15.860 --> 00:17:19.550
I'm still working some deals on the
side and, you know, I got my hand in

00:17:19.550 --> 00:17:24.320
a lot of stuff still, but, you know,
trying to, trying to narrow the group

00:17:24.320 --> 00:17:26.930
of people that I'm working with, I.

00:17:27.575 --> 00:17:28.045
You know what I'm saying?

00:17:28.045 --> 00:17:28.805
I'm excited for you.

00:17:28.805 --> 00:17:31.445
I mean, I think this is, this is
absolutely, absolutely right up your lane.

00:17:31.865 --> 00:17:34.025
Not to toot your horn too
much, but I mean, you see more

00:17:34.025 --> 00:17:34.865
deals probably than anybody.

00:17:34.865 --> 00:17:38.675
And I think that you're equipped and,
you know, especially with, with Emery

00:17:38.675 --> 00:17:41.495
to go out and release, cease this,
there's just so much opportunity.

00:17:41.495 --> 00:17:44.075
So they're lucky to have you,
you're lucky to have them.

00:17:44.075 --> 00:17:49.085
So I do want to give, uh, a quick
shout out to, uh, Jim Meosa,

00:17:49.565 --> 00:17:50.765
who he said he is been Oh yeah.

00:17:50.765 --> 00:17:51.455
You guys on your site.

00:17:51.455 --> 00:17:56.945
So I tweeted, um, my, uh, my mom came to
me and she goes, you know what you're.

00:17:56.975 --> 00:17:58.205
Son said he wants to be when he grows up.

00:17:58.205 --> 00:18:00.605
My oldest who's six, and I was like, what?

00:18:00.605 --> 00:18:01.925
She was like, he wants
to be a Bitcoin miner.

00:18:02.045 --> 00:18:03.335
And I was like, oh really?

00:18:03.425 --> 00:18:05.945
And he wants to, wants to be like dad.

00:18:06.065 --> 00:18:08.585
And uh, and I was like, you know
what, I, I thought about that a lot.

00:18:08.585 --> 00:18:11.045
And I was like, well, why wait,
you know, he's been out to a site.

00:18:11.045 --> 00:18:14.405
He went out to the 10 net zero
site, uh, the off grid site

00:18:14.405 --> 00:18:15.665
out there, and so he's seen it.

00:18:15.835 --> 00:18:18.025
You know, firsthand, he's
been to the Bitcoin meetups.

00:18:18.505 --> 00:18:21.145
Uh, he's always, he was Adam
Empower like all three years.

00:18:21.595 --> 00:18:23.065
Um, I was like, you know, why wait.

00:18:23.065 --> 00:18:25.105
So I tweeted about that
and Gian sent me a message.

00:18:25.105 --> 00:18:27.205
He goes, Hey, I'm gonna hook
your son up with a bid X.

00:18:27.775 --> 00:18:28.795
And so, oh sweet.

00:18:28.795 --> 00:18:30.025
Yeah, I've got that being delivered.

00:18:30.025 --> 00:18:31.375
And so just wanted to give him a shout.

00:18:31.375 --> 00:18:34.390
I was really thoughtful and really
kind of him, uh, for doing that.

00:18:34.390 --> 00:18:37.285
So if you guys are looking for any
equipment, go check those guys out.

00:18:37.555 --> 00:18:38.515
Uh, I really appreciate.

00:18:38.905 --> 00:18:39.385
Thanks again.

00:18:39.685 --> 00:18:39.895
Yep.

00:18:40.015 --> 00:18:41.035
Go check those guys out.

00:18:42.085 --> 00:18:42.445
Yeah's a good dude.

00:18:42.445 --> 00:18:43.975
He actually does a lot
of work with us too.

00:18:44.615 --> 00:18:44.855
Does he?

00:18:44.855 --> 00:18:45.215
Good dude.

00:18:45.485 --> 00:18:45.875
Yep.

00:18:46.120 --> 00:18:46.340
Yep.

00:18:46.535 --> 00:18:47.255
I love Gian.

00:18:47.675 --> 00:18:51.995
Um, so yeah, yeah, totally big fan
of him and, uh, and basic money.

00:18:52.535 --> 00:18:52.685
Love it.

00:18:53.795 --> 00:18:55.175
So what, what about you though, bro?

00:18:55.385 --> 00:18:59.435
I mean, I know, but don't you,
uh, kind of delve a little bit?

00:18:59.435 --> 00:19:02.615
You've talked about it here and there
on the show, but Matt, I, you know, I've

00:19:02.615 --> 00:19:04.235
alluded to it a whole lot of detail.

00:19:04.240 --> 00:19:04.895
Yeah, yeah.

00:19:04.895 --> 00:19:07.265
You've alluded to it,
but I've alluded to it.

00:19:07.265 --> 00:19:09.275
So, and the reason I haven't been like, I.

00:19:09.645 --> 00:19:12.915
Full offensive with, with
putting content out about that.

00:19:13.245 --> 00:19:15.135
Even though I've been recording a
lot of stuff behind the scenes that

00:19:15.135 --> 00:19:19.695
will release like well after the fact
is, um, we, you know, we've, we've

00:19:19.695 --> 00:19:24.105
looked at a few different deals and
one of the deals, um, and he may be

00:19:24.105 --> 00:19:27.045
listening to the show, but we were, we
were looking at some of their assets,

00:19:27.045 --> 00:19:29.085
some, some oil and gas assets and, uh.

00:19:30.155 --> 00:19:32.645
I was like, don't violate
any NCAAs right now.

00:19:32.795 --> 00:19:34.655
I was like, or NDAs, I'm sorry.

00:19:35.075 --> 00:19:37.295
I was like, Hey, like, you know, we
know we're like looking at y'all's

00:19:37.295 --> 00:19:38.465
assets and he is like, oh yeah, I know.

00:19:38.465 --> 00:19:41.015
He's like, I've, I've made a
pitch to, uh, management for us

00:19:41.015 --> 00:19:42.905
to like go and do this ourselves.

00:19:42.905 --> 00:19:44.165
And he pulled this whole presentation.

00:19:44.165 --> 00:19:45.305
He was like, yes, where I learned it all.

00:19:45.725 --> 00:19:46.715
He's like, your podcast.

00:19:46.715 --> 00:19:47.620
And I was like, oh, okay.

00:19:47.825 --> 00:19:51.155
So I was like, I'm gonna be a little
quieter, uh, about certain things,

00:19:51.155 --> 00:19:52.895
but I'll talk, I'll talk high
level about what we're working on.

00:19:52.895 --> 00:19:57.545
So obviously, you know, um,
really the, the seed was planted.

00:19:58.335 --> 00:19:59.985
Uh, really with a first in power.

00:20:00.255 --> 00:20:04.395
Um, just really just getting thrown
into kind of the center of this,

00:20:04.395 --> 00:20:06.315
this ecosystem and getting to meet
a lot of people and see all the

00:20:06.315 --> 00:20:07.365
cool things that they're working on.

00:20:07.575 --> 00:20:09.615
And it was a huge, you
know, learning curve.

00:20:09.615 --> 00:20:12.675
Obviously understanding the oil and gas
side, but kind of diving into mining and

00:20:12.675 --> 00:20:16.935
then subsequently into, you know, into
AI and to, to power generation, all this.

00:20:17.505 --> 00:20:18.075
And so.

00:20:18.635 --> 00:20:22.685
I was always trying to put together
the thesis of like, what does the

00:20:22.685 --> 00:20:24.335
energy company of the future look like?

00:20:24.335 --> 00:20:27.155
And that was really always
my goal in digital Wildfire.

00:20:27.215 --> 00:20:30.395
What Digital Wilders gave me the
opportunity to have a great platform to

00:20:30.395 --> 00:20:35.855
meet a lot of really smart, successful,
hardworking people, and to learn a lot

00:20:36.395 --> 00:20:39.935
and to build an absolutely great network
of people that I can recruit for the

00:20:39.935 --> 00:20:42.605
team of, you know, capital providers.

00:20:42.605 --> 00:20:42.725
And.

00:20:42.965 --> 00:20:45.275
Banks and a variety of other things.

00:20:45.365 --> 00:20:45.725
Right?

00:20:46.025 --> 00:20:48.725
And, um, it just kind of became
clear to me this was something that

00:20:48.725 --> 00:20:51.395
I was starting to spend more like
nights and weekends thinking about.

00:20:51.875 --> 00:20:55.685
And I talked about it publicly about,
you know, the direction that I thought

00:20:55.685 --> 00:20:59.135
that particularly oil and gas companies
should go, those that have a significant

00:20:59.135 --> 00:21:01.955
amount of gas and kind of getting
more into the Bitcoin mining space.

00:21:02.825 --> 00:21:05.825
And, um, it seemingly
has fallen on deaf ears.

00:21:05.825 --> 00:21:09.395
And so I kinda got to the point to
where I was in, uh, I was in Fort Worth.

00:21:09.455 --> 00:21:12.275
Me and Phil Stanley were, um.

00:21:12.345 --> 00:21:15.405
Just like out having drinks one night
and I was like, man, I got this thesis.

00:21:15.405 --> 00:21:18.615
Somebody should go like do this and uh.

00:21:19.820 --> 00:21:21.320
He was like, well, why don't you do it?

00:21:21.320 --> 00:21:22.640
And I was like, dude, I, I have a rule.

00:21:22.640 --> 00:21:24.260
I can't just do like one thing at a time.

00:21:24.830 --> 00:21:28.340
Um, and so that kind of plan, I
obviously don't follow that rule.

00:21:28.580 --> 00:21:29.510
You don't follow that rule very well.

00:21:30.770 --> 00:21:34.880
I got like any, any point, like
12 jobs, but, uh, Sarah has worked

00:21:34.880 --> 00:21:37.970
on me and I'm kind of, I'm, I'm
reigning it in, but go ahead.

00:21:37.970 --> 00:21:38.360
My bad.

00:21:39.030 --> 00:21:40.770
And he was like, well,
what if I did it with you?

00:21:40.770 --> 00:21:42.270
And I was like, well,
then that changes things.

00:21:42.390 --> 00:21:46.620
And so, um, you know, fast forward
a little bit, I, uh, exit digital

00:21:46.620 --> 00:21:50.100
wildcatters and, and left to go
pursue starting quarterly energy.

00:21:50.100 --> 00:21:51.930
So I guess the million dollar
question is what are we doing?

00:21:51.930 --> 00:21:54.450
I'm talking about the thesis,
but I wanted to kinda give some

00:21:54.450 --> 00:21:55.530
context to how we got here.

00:21:56.160 --> 00:21:59.940
And so we are, uh, in the process
of, you know, fingers crossed.

00:22:00.335 --> 00:22:03.005
Purchasing some natural
gas assets in Texas.

00:22:03.095 --> 00:22:04.505
Uh, it's a significant amount of gas.

00:22:04.955 --> 00:22:08.735
Um, and then a lot of other infrastructure
associated with a bunch of pipelines,

00:22:09.005 --> 00:22:11.765
uh, and some other stuff won't give
away too many details so people

00:22:11.765 --> 00:22:15.005
don't pick up on what I'm putting
down on exactly which site this is.

00:22:15.455 --> 00:22:19.235
Um, but we plan on turning
all that gas into power.

00:22:19.235 --> 00:22:23.165
And so we have the capacity
currently for, uh, approximately.

00:22:24.020 --> 00:22:27.320
Once you kind of factor in, shrink
about 150 megawatts of power.

00:22:27.740 --> 00:22:31.970
And so we will be, uh, selling half
that to AI data centers and then

00:22:31.970 --> 00:22:33.650
we'll Bitcoin mine off the other half.

00:22:34.310 --> 00:22:36.710
Um, and then we'll also build an
interconnect to be able to sell

00:22:36.710 --> 00:22:37.970
power back to the grid, which is.

00:22:38.420 --> 00:22:40.610
As we talked about on the show, it's,
it's pretty much a lottery ticket,

00:22:40.610 --> 00:22:43.970
but, uh, it's a lottery ticket
that's worth it, uh, in my opinion.

00:22:43.970 --> 00:22:48.290
So we plan on growing the volumes over
time through more strategic acquisitions.

00:22:48.290 --> 00:22:51.290
If we have to drill, we will, um,
we'll be getting a significant amount

00:22:51.290 --> 00:22:56.510
of leases as well, but ideally by just
acquiring more, uh, other producing

00:22:56.600 --> 00:22:59.960
natural gas assets, being able to
time into our infrastructure, grow

00:22:59.960 --> 00:23:02.990
the volumes, bring on as much power
as we can, and then rinse and repeat.

00:23:03.170 --> 00:23:06.200
And so we're, we're looking
at going up to Alaska.

00:23:06.290 --> 00:23:07.520
It's kind of, I logical.

00:23:07.770 --> 00:23:08.490
Kind of next step.

00:23:08.490 --> 00:23:09.570
There's a ton of gas up there.

00:23:09.570 --> 00:23:12.510
People don't realize that that's
the largest gas field in the

00:23:12.510 --> 00:23:14.670
entire world, and they just don't
have a market for it, right?

00:23:14.670 --> 00:23:18.270
So they reinject like eight, eight
and a half B, CF, a gas a day.

00:23:18.930 --> 00:23:21.030
Um, and so they've already
been kind of courting.

00:23:21.995 --> 00:23:24.455
Hyperscale is up there and
Bitcoin miners and they want to

00:23:24.455 --> 00:23:25.835
incentivize them to come up there.

00:23:26.435 --> 00:23:28.565
Um, so that's probably a
logical next step for us.

00:23:28.625 --> 00:23:33.065
Also, you know, obviously Ohio,
Pennsylvania, those are, you know, right

00:23:33.065 --> 00:23:34.235
there in the Marcellus and the Utica.

00:23:34.415 --> 00:23:38.465
There's just a ton of gas and so that's
something that we, we could consider

00:23:38.495 --> 00:23:39.665
potentially in the future as well.

00:23:40.375 --> 00:23:43.105
We've got a great team, so
obviously myself, Phil Stanley.

00:23:43.525 --> 00:23:46.075
For those who don't know Phil, you can go
back and listen to the episode that we did

00:23:46.075 --> 00:23:48.505
with him, um, kinda a few episodes back.

00:23:48.505 --> 00:23:50.995
But Phil was, you know, one of
the first investors in Giga.

00:23:51.565 --> 00:23:55.645
Um, and he's invested in a lot of other
on grid and off-grid Bitcoin mining.

00:23:55.885 --> 00:23:58.195
Uh, done very well, done
very well for himself.

00:23:58.705 --> 00:24:00.415
Um, uh, Mark Meyer.

00:24:00.775 --> 00:24:04.135
He's the former CTO, uh,
of Apache Corporation.

00:24:04.135 --> 00:24:07.255
So Apache, really large oil and gas
company been around a very long time.

00:24:07.825 --> 00:24:11.485
Um, before that, he ran research at the
investment bank, t Pickering and Holt.

00:24:11.960 --> 00:24:15.860
Then before that he ran the, uh,
Raymond family office, and then

00:24:15.860 --> 00:24:16.850
part of that, he was at Goldman.

00:24:16.850 --> 00:24:20.210
So Mark's hands, dude, you
guys are freaking ballers, bro.

00:24:20.210 --> 00:24:21.020
He's a baller.

00:24:21.200 --> 00:24:22.820
He's a, he is a hardcore baller man.

00:24:22.820 --> 00:24:25.610
He's, um, he's one of the smartest
people I ever met in the industry.

00:24:26.000 --> 00:24:29.750
And, um, I actually, I went to
him not thinking that I was gonna

00:24:29.750 --> 00:24:30.860
like, get him onto the team.

00:24:31.130 --> 00:24:35.390
I went to him to pitch him and say
like, Hey, like if anybody's gonna tear

00:24:35.390 --> 00:24:37.070
this thesis apart, it's gonna be him.

00:24:37.640 --> 00:24:38.480
And so.

00:24:38.885 --> 00:24:44.645
I told him what we were working on
and he was like, yeah, this is it.

00:24:45.245 --> 00:24:47.795
And then he goes on a monologue for
like an hour of like why it would work.

00:24:48.065 --> 00:24:49.385
And I was like, oh, I
wasn't expecting that.

00:24:49.385 --> 00:24:50.255
And I'm like, so what do you wanna do?

00:24:50.255 --> 00:24:51.425
He was like, I wanna
get back on the field.

00:24:51.425 --> 00:24:52.085
I wanna do this.

00:24:52.415 --> 00:24:53.135
And I was like, done.

00:24:53.135 --> 00:24:53.195
I.

00:24:54.155 --> 00:24:54.875
You're on the team.

00:24:55.415 --> 00:24:55.775
Sweet.

00:24:55.775 --> 00:24:56.555
I said, what's my role?

00:24:56.555 --> 00:24:57.365
And I was like, I don't care.

00:24:57.425 --> 00:24:59.195
You're like, what the,
whatever you want, bro known.

00:24:59.525 --> 00:24:59.795
Yeah.

00:24:59.795 --> 00:25:00.425
We'll make it work.

00:25:00.425 --> 00:25:03.965
And then, um, the man who's doing most
of the work right now, who's really put

00:25:03.965 --> 00:25:05.735
the team on his back is, uh, Tim Bozeman.

00:25:05.735 --> 00:25:10.205
So Tim, uh, started Win Bite acquisition,
sold that to MD America, and then

00:25:10.205 --> 00:25:13.955
stayed on to, to run that for their
investors for, for quite a long time.

00:25:13.955 --> 00:25:18.905
And so he's, I've met a lot of engineers,
um, you know, throughout my career.

00:25:18.905 --> 00:25:20.915
And, and Tim is, is up
there with the best of them.

00:25:21.680 --> 00:25:27.710
And what I love about Tim is he also is,
uh, is not just, uh, not just intelligent.

00:25:27.710 --> 00:25:29.060
He was also very creative.

00:25:29.150 --> 00:25:31.760
Um, and he always finds a
solution to all sorts of problems.

00:25:31.760 --> 00:25:35.030
And he's just the most even keel
guy you ever met in your life.

00:25:35.030 --> 00:25:39.590
He's just very laid back and relaxed
and just has like the best attitude

00:25:39.650 --> 00:25:40.910
and loves spending time with him.

00:25:40.910 --> 00:25:43.040
So, yeah, he's, uh, he's brilliant.

00:25:43.040 --> 00:25:44.900
He's doing, uh, most of our
evaluation work right now,

00:25:44.900 --> 00:25:45.830
trying to get this deal done.

00:25:45.830 --> 00:25:50.390
So yeah, he's really putting the team
on his back, but it's exciting man.

00:25:50.605 --> 00:25:51.265
It's exciting.

00:25:51.505 --> 00:25:52.075
I'm fired up, man.

00:25:52.135 --> 00:25:55.285
Like getting this close to actually
closing on something like that.

00:25:56.335 --> 00:25:56.815
Yeah, man.

00:25:56.995 --> 00:26:01.525
It's exciting and it's, it's
something that, um, I don't know.

00:26:01.615 --> 00:26:02.965
I'm gonna be very happy for you.

00:26:03.205 --> 00:26:04.135
Very proud of you, man.

00:26:05.065 --> 00:26:05.875
Fingers crossed man.

00:26:05.875 --> 00:26:06.325
Fingers crossed.

00:26:06.325 --> 00:26:10.285
Ain't close it yet, but I'm, I'm hoping
the next I know, but man, just ish.

00:26:10.775 --> 00:26:15.815
Yeah, and, and just getting out and
doing stuff is scary for a lot of people.

00:26:15.815 --> 00:26:18.395
Most people don't ever do the things
that they actually want to do.

00:26:18.965 --> 00:26:23.795
And you know, I'm, this is not intended
to be a knock on digital wildcatters

00:26:23.795 --> 00:26:25.055
or anything at all, but like I.

00:26:25.685 --> 00:26:29.675
Leaving something like that to
go pursue what you want to do.

00:26:30.035 --> 00:26:35.345
I, I try to tell people all the
time is like, just, man, we only

00:26:35.345 --> 00:26:37.055
live one time and we're all dying.

00:26:37.085 --> 00:26:40.865
Like, don't waste all your time
doing stuff either working with

00:26:40.865 --> 00:26:44.195
people you don't wanna work with or
working in something you don't want

00:26:44.195 --> 00:26:48.335
to work with and like get out and
go do the thing that you feel like.

00:26:48.695 --> 00:26:49.715
God's calling you to do.

00:26:49.715 --> 00:26:51.275
Man, don't, don't waste no time.

00:26:51.365 --> 00:26:52.085
It's not worth it.

00:26:52.175 --> 00:26:52.235
Yeah.

00:26:52.595 --> 00:26:53.885
End of the day it's not gonna matter.

00:26:54.035 --> 00:26:54.605
You know what I mean?

00:26:54.605 --> 00:26:54.665
Yeah.

00:26:54.665 --> 00:26:59.945
Like you're, you're going to wanna look
back and be like, I, I had a good time.

00:27:00.185 --> 00:27:06.335
We get one shot and it's like,
man, I hope, I enjoy as many of my

00:27:06.335 --> 00:27:09.725
days as possible and when work is
that big of a, a portion of your

00:27:09.725 --> 00:27:11.795
life, you better freaking enjoy it.

00:27:11.975 --> 00:27:16.115
So no point in sitting around doing
stuff that you don't really wanna do.

00:27:16.490 --> 00:27:19.070
I'm proud of you, man, just for
going after what, you know, going

00:27:19.070 --> 00:27:19.805
after something you wanted do.

00:27:19.805 --> 00:27:20.870
I'm proud you, I'm proud of you, dude.

00:27:21.380 --> 00:27:21.860
Thanks.

00:27:22.040 --> 00:27:22.730
Thanks, Jake.

00:27:23.570 --> 00:27:24.350
I appreciate it, man.

00:27:24.350 --> 00:27:24.500
Alright.

00:27:24.500 --> 00:27:26.195
You wanna talk some events?

00:27:26.195 --> 00:27:26.720
Alright, enough to circle jerk.

00:27:26.720 --> 00:27:30.140
Let's, uh, let's get into some things
that are happening in the world that

00:27:30.140 --> 00:27:31.550
we are paying, paying attention to.

00:27:31.550 --> 00:27:36.800
A obviously, kind of the billion dollar
question right now is, it's up, it's

00:27:36.800 --> 00:27:38.810
down, it's left, it's right, tariffs.

00:27:39.495 --> 00:27:41.300
How are, how are you
thinking about tariffs?

00:27:41.300 --> 00:27:45.200
How are tariffs, you know, kind
of affecting, uh, this space?

00:27:46.265 --> 00:27:49.235
I mean, the obvious one is, is, uh.

00:27:50.030 --> 00:27:52.340
Like the tariff, the pause that Trump did.

00:27:52.370 --> 00:27:55.070
Um, you know, there's, that was great.

00:27:55.130 --> 00:27:56.960
I made some good money that day.

00:27:57.050 --> 00:28:03.620
Um, still on the whole MSTU and MSTR
and MSTY, uh, train, even though I

00:28:03.620 --> 00:28:06.680
certainly bought in at a high time,
I've been, I've been working some

00:28:06.680 --> 00:28:11.150
ways to, uh, get some money back and
actually this volatility has helped.

00:28:11.150 --> 00:28:13.190
So, um, that's been good.

00:28:13.190 --> 00:28:18.740
But there's obviously a lot of uncertainty
right now and, um, the tariffs.

00:28:19.455 --> 00:28:24.315
With China being kinda really the,
the, I feel like it's really the

00:28:24.320 --> 00:28:25.155
US versus China the main villain.

00:28:25.155 --> 00:28:25.365
China.

00:28:25.635 --> 00:28:25.845
Yeah.

00:28:25.845 --> 00:28:26.085
Right.

00:28:26.090 --> 00:28:26.910
It, it really is.

00:28:27.570 --> 00:28:28.875
At the end of the day, it's what it is.

00:28:28.875 --> 00:28:32.835
And this, especially with this 90
day pause, but so much of the mining

00:28:32.835 --> 00:28:38.985
industry, uh, manufacturing, uh,
infrastructure, the computers, everything.

00:28:39.545 --> 00:28:40.235
Come from China.

00:28:40.235 --> 00:28:43.625
So that's obviously, uh,
gonna impact it quite a bit.

00:28:43.655 --> 00:28:46.205
Now, the 90 day pause has,
gives 'em some relief.

00:28:46.235 --> 00:28:49.505
'cause a lot of it comes from
like Malaysia, those areas too.

00:28:50.105 --> 00:28:53.705
Um, but it is gonna be really
interesting to see what happens.

00:28:53.705 --> 00:28:57.335
I, I think it was Ethan over
at Luxor was talking about like

00:28:57.335 --> 00:29:01.355
another 36% tariff on this machine.

00:29:01.385 --> 00:29:02.465
On the machine cost.

00:29:03.260 --> 00:29:07.730
It, it can virtually make these
machines never pay out like that.

00:29:07.730 --> 00:29:08.780
That's a reality.

00:29:08.900 --> 00:29:10.910
And so, um.

00:29:11.450 --> 00:29:16.490
Is this, if, how long these stick
around and how, how bad it, it ends up

00:29:16.490 --> 00:29:18.500
getting, we're at a hash price right now.

00:29:18.500 --> 00:29:21.500
It's like 44 bucks a
pet of hash that's low.

00:29:22.070 --> 00:29:24.830
And so the margins are
already super, super thin.

00:29:25.430 --> 00:29:29.480
But, so depending on how long
these stick around, there could be

00:29:29.480 --> 00:29:31.640
some serious impact on hash rate.

00:29:32.030 --> 00:29:34.160
Um, minor profitability.

00:29:34.610 --> 00:29:35.510
I mean, I, I.

00:29:36.030 --> 00:29:38.250
I don't know how it's gonna play out.

00:29:38.250 --> 00:29:39.360
I don't think anybody does.

00:29:39.360 --> 00:29:41.640
And that's, that's part of the
problem for the market, right,

00:29:41.640 --> 00:29:43.050
is we don't know what's going on.

00:29:43.530 --> 00:29:50.940
Um, but for miners, like, well, like
myself and the ones who, uh, I'm

00:29:50.940 --> 00:29:53.910
actually kind of excited because
we have machines running here.

00:29:54.450 --> 00:29:58.740
Um, and so the value on
those goes up quite a bit.

00:29:58.860 --> 00:30:01.770
Um, so, and the value of really
any machines that already

00:30:01.770 --> 00:30:04.410
states that I imagine, which
now start to command a premium.

00:30:04.850 --> 00:30:05.180
Right.

00:30:05.180 --> 00:30:08.150
And if you've seen all the, the, the
amount of money being paid to try to

00:30:08.150 --> 00:30:12.110
get things in right now before this 90
day window's up, um, I think it's up to

00:30:12.110 --> 00:30:14.060
like July 9th or something like that.

00:30:14.510 --> 00:30:16.880
There's people trying
to get things in now.

00:30:17.240 --> 00:30:18.170
Um, but the, the.

00:30:18.785 --> 00:30:23.105
The, just the Chinese, um, tariff
alone is, it's, it is gonna cause some

00:30:23.105 --> 00:30:26.285
serious upheaval if it sticks around.

00:30:26.285 --> 00:30:28.625
So, I mean, there's a lot gonna happen.

00:30:28.625 --> 00:30:32.435
The, the next 90 days is a,
is a very interesting time.

00:30:32.510 --> 00:30:37.505
I, I think that there's potential
that we could see hash rate.

00:30:38.255 --> 00:30:43.775
Be affected, maybe not immediately,
but the hash rate, um, increase, could

00:30:43.775 --> 00:30:45.665
certainly start slowing down tremendously.

00:30:45.665 --> 00:30:49.445
I, I, I do see that happening, but
I, I think people are gonna, I mean,

00:30:49.445 --> 00:30:53.950
trying to raise money right now,
um, with the tariffs in place, I.

00:30:53.950 --> 00:30:57.460
I, I don't envy anybody trying
to do that if they're a straight

00:30:57.640 --> 00:30:58.540
Bitcoin miner right now.

00:30:58.900 --> 00:30:59.500
Like that.

00:31:00.100 --> 00:31:04.120
It's gotta be tough because there's,
there's so much uncertainty as to what's

00:31:04.120 --> 00:31:05.650
gonna happen because of the tariffs.

00:31:05.650 --> 00:31:11.740
So, um, now that being said, I actually
think if you're just looking at purely

00:31:11.740 --> 00:31:17.230
for, from like what is the US doing
to combat China, I'm still believing

00:31:17.230 --> 00:31:19.150
that, um, there's a plan in place and.

00:31:20.255 --> 00:31:24.725
You know, there, I, I'm, I'm with
the whole narrative that there is

00:31:24.725 --> 00:31:28.955
going to be pain before there's
a lot of gains, and so I'm, I'm,

00:31:29.405 --> 00:31:30.905
I'm in it for the long haul, man.

00:31:30.905 --> 00:31:35.705
I'm not, I'm not gonna bail on, on
this strategy that Trump's had with it.

00:31:35.705 --> 00:31:35.735
I.

00:31:36.905 --> 00:31:42.785
I trust them to continue to move forward
and, and hopefully it works out and,

00:31:42.845 --> 00:31:48.125
uh, hopefully we got a better, uh, hand
of cards than, than the Chinese do.

00:31:48.695 --> 00:31:51.605
Um, but for the mining world, I
think there's gonna be a little

00:31:51.605 --> 00:31:54.275
bit of pain from this for a
while, and maybe not a little bit.

00:31:54.275 --> 00:31:55.265
It might be a lot of pain.

00:31:55.925 --> 00:31:59.135
Yeah, it's, you know, I've, I've, man,
I've tried to educate myself as much as I

00:31:59.135 --> 00:32:02.435
can on the topic and, and listen to a lot
of podcasts and I've kind of gone back and

00:32:02.435 --> 00:32:04.805
forth and I kind of see both sides of it.

00:32:04.805 --> 00:32:07.865
I think I've kind of
settled on, and I agree.

00:32:07.865 --> 00:32:09.365
I think there's gonna be
a lot of short-term pain.

00:32:09.365 --> 00:32:11.590
I do think this kind of, um, I.

00:32:12.410 --> 00:32:16.310
I don't know, I guess maybe reshuffling
of the cards, uh, to get us back into

00:32:16.310 --> 00:32:21.110
more of a dominant, secure position as
really the leaders of the free world.

00:32:21.740 --> 00:32:24.230
Uh, I think it's probably essential
and we've seen a few things

00:32:24.230 --> 00:32:26.810
already play out exactly the
way that they intended them to.

00:32:26.930 --> 00:32:30.470
And so certain car manufacturers that
are like European car manufacturers

00:32:30.470 --> 00:32:34.460
are actually planning on building
factories here in the us, um,

00:32:34.460 --> 00:32:37.460
which is, that's the entire point,
is to bring back manufacturing.

00:32:37.550 --> 00:32:37.970
Right now.

00:32:38.150 --> 00:32:40.430
I do understand the point that
there are certain types of.

00:32:41.360 --> 00:32:45.890
Manufacturing jobs that are probably just
not going to be available, uh, or nobody's

00:32:45.890 --> 00:32:47.540
gonna want to do that kind of work.

00:32:47.600 --> 00:32:47.690
Mm-hmm.

00:32:47.870 --> 00:32:52.220
Until probably three years from
now when we have like AI powered,

00:32:52.610 --> 00:32:55.460
you know, robotics that can
manufacture just about anything.

00:32:55.610 --> 00:32:59.240
Um, but this administration wants that to
be built in the US and I understand that.

00:32:59.630 --> 00:33:00.770
Then also from, um.

00:33:01.280 --> 00:33:04.520
Security standpoint with, uh,
things, I know this doesn't have

00:33:04.520 --> 00:33:07.130
to do with this show, but like
pharmaceuticals, I mean, most of our

00:33:07.130 --> 00:33:08.420
pharmaceuticals are made in China.

00:33:08.420 --> 00:33:13.190
Like imagine if some other pandemic,
uh, was, was to kind of break out and

00:33:13.190 --> 00:33:17.000
they were the ones who, you know, kind
of held, you know, all of the, the,

00:33:17.060 --> 00:33:22.125
whether it be a, whether some sort of
medication or, or whatever for this SA

00:33:22.125 --> 00:33:23.365
great, great position to be structor too.

00:33:23.800 --> 00:33:27.250
Yeah, grid infrastructure too, like
the whole thing about the Chinese

00:33:27.250 --> 00:33:31.270
manufactured transformers, utility level
transformers with the back doors in them.

00:33:31.300 --> 00:33:33.070
Like that's real stuff.

00:33:33.190 --> 00:33:33.730
You know what I mean?

00:33:33.730 --> 00:33:33.820
Mm-hmm.

00:33:34.120 --> 00:33:34.511
That's that.

00:33:34.570 --> 00:33:38.140
That is something that from a
national security perspective,

00:33:38.860 --> 00:33:43.150
I do think the administrations
have an obligation to confront.

00:33:43.360 --> 00:33:44.830
You can't, you can't ignore that.

00:33:45.325 --> 00:33:48.850
And so, yeah, pharmaceuticals, grid
infrastructure, like those things.

00:33:49.655 --> 00:33:54.275
Those are real things that, that
I do believe completely, um, you

00:33:54.275 --> 00:33:57.365
know, the Trump administration, any
presidential administration should

00:33:57.365 --> 00:34:00.965
be, uh, taking on and confronting.

00:34:00.965 --> 00:34:05.975
So yeah, man, it's, it's, it's going to
be painful for a little bit, but I also,

00:34:06.155 --> 00:34:07.925
I think it's necessary in some level.

00:34:09.320 --> 00:34:14.780
I'm curious, I am curious how this is
gonna play out with, obviously we saw

00:34:14.780 --> 00:34:20.240
like that massive swing, like we've seen
swings, dude, within, between opening and

00:34:20.240 --> 00:34:22.550
closing in a single day of the s and p.

00:34:22.550 --> 00:34:26.120
Just, you know, absolutely taking
a shit and then coming back

00:34:26.120 --> 00:34:27.320
and then taking a shit again.

00:34:27.320 --> 00:34:30.080
And it's, it's, it's hard to say.

00:34:30.530 --> 00:34:34.010
What is the investor
appetite for this space?

00:34:34.490 --> 00:34:38.210
Uh, going to be particularly over the
next, let's just call it 12 months.

00:34:39.140 --> 00:34:41.510
Oh, dude, it's, I, I don't know.

00:34:41.870 --> 00:34:44.570
Like, I think there's gonna be
continued uncertainty for a while.

00:34:44.990 --> 00:34:48.260
Like these things are, I, I don't
think the volatility's gone away.

00:34:48.260 --> 00:34:52.460
It, it actually, the, it was down
the last few days, but like, I don't,

00:34:52.460 --> 00:34:56.180
I don't think the volatility in the
market is gonna go away until there's

00:34:56.180 --> 00:34:59.420
some serious resolution with Europeans.

00:34:59.420 --> 00:35:02.960
With, I, I don't think China's
gonna get resolved anytime soon.

00:35:03.110 --> 00:35:06.110
Um, but, but the rest of the
world, like as some of those

00:35:06.110 --> 00:35:07.370
chips start falling in place.

00:35:07.710 --> 00:35:10.050
There'll be a little bit
of normalcy come back.

00:35:10.710 --> 00:35:15.000
I tend to also, and I hope I don't come
back in, you know, six months and be

00:35:15.000 --> 00:35:16.350
like, man, I was totally wrong, but.

00:35:17.045 --> 00:35:23.255
I tend to think that there's often,
uh, overblown drama and rhetoric,

00:35:23.345 --> 00:35:25.085
um, in, in times like this.

00:35:25.565 --> 00:35:33.065
And so, yeah, I mean, the uncertainty's
real, um, the impacts on the bond market

00:35:33.125 --> 00:35:36.965
stuff, like, I'm not a financial expert
by any stretch of the imagination, but,

00:35:37.415 --> 00:35:42.215
um, the, the dumping of the bonds that
we've seen has been pretty dramatic,

00:35:42.425 --> 00:35:45.365
and that I think is something that.

00:35:46.595 --> 00:35:49.025
That could have a lasting
impact for a little while.

00:35:49.145 --> 00:35:50.765
I think that's something
that could carry on.

00:35:50.765 --> 00:35:54.515
And I do think that that ultimately,
even though we haven't totally seen,

00:35:54.575 --> 00:36:00.665
seen it, I do think that Bitcoin
continues to chip away and steal

00:36:00.665 --> 00:36:05.135
some of the, the safe haven narrative
and pull, pull it over to its side.

00:36:05.225 --> 00:36:05.825
You know what I mean?

00:36:05.825 --> 00:36:11.135
I, I do think they're starting
to be a little bit of a, the, the

00:36:11.135 --> 00:36:12.425
rest of the world's looking at it.

00:36:12.980 --> 00:36:16.490
Taking it more serious, the strategic
Bitcoin reserve, even though that

00:36:16.490 --> 00:36:20.480
hasn't all been resolved, I think
that's kinda giving the rest of

00:36:20.480 --> 00:36:24.680
the world the, um, viewpoint of
like, we need to take this serious.

00:36:25.205 --> 00:36:30.065
And they're gonna start kind of looking
for ways to accumulate more Bitcoin.

00:36:30.245 --> 00:36:35.195
Um, you know, I don't know how this
impacts the US and the ability to,

00:36:35.225 --> 00:36:39.245
to get access to cheap capital if
the bond market is impacted like

00:36:39.245 --> 00:36:41.825
it has been and continues to erode.

00:36:42.395 --> 00:36:43.955
Um, I don't know how that shakes out, man.

00:36:43.955 --> 00:36:47.195
I'm, I'm a lawyer, you know, I'm
not, I'm not, we should call Marty

00:36:47.195 --> 00:36:50.315
Bent and have him on again 'cause,
you know, this is kind of his area.

00:36:50.315 --> 00:36:52.475
But, um, I do think that.

00:36:53.585 --> 00:36:56.285
Long term, this is probably
all good for Bitcoin.

00:36:56.555 --> 00:36:57.335
What's going on right now?

00:36:58.535 --> 00:36:58.925
I would agree.

00:36:58.925 --> 00:36:59.650
I dunno, what do you think, dude?

00:36:59.790 --> 00:37:02.855
And I, I think, so it's, it seems
like this is kind of like the, the

00:37:02.855 --> 00:37:05.405
perfect storm and you're starting
to see, you know, this is not like

00:37:05.735 --> 00:37:07.085
great for us as a nation necessarily.

00:37:07.085 --> 00:37:10.595
It's good for Bitcoin where, uh,
Russia and China are settling

00:37:10.595 --> 00:37:11.855
energy contracts in Bitcoin.

00:37:11.860 --> 00:37:13.085
Right, right.

00:37:13.085 --> 00:37:13.445
That's big.

00:37:13.445 --> 00:37:15.275
How long we been saying
that's gonna happen though.

00:37:15.365 --> 00:37:15.905
You know what I mean?

00:37:15.905 --> 00:37:20.225
I, I, I do think that that is,
that's, it's almost impossible

00:37:20.225 --> 00:37:21.695
to me for that not to happen.

00:37:22.100 --> 00:37:26.660
On a big scale, like I don't think
the dollar's gonna always be the,

00:37:26.690 --> 00:37:29.090
the currency that oil's based in.

00:37:29.120 --> 00:37:33.170
I just don't, and that's not because
I'm unpatriotic, it's just 'cause I

00:37:33.170 --> 00:37:36.920
think if I'm the rest of the world,
that's probably where I start going.

00:37:38.570 --> 00:37:39.440
That's the reality.

00:37:40.205 --> 00:37:41.885
Well, there's a lot of other things
that are happening kind of in

00:37:41.885 --> 00:37:46.295
the policy space that, you know,
affect, uh, you know, this industry.

00:37:46.295 --> 00:37:51.245
And so one of the, one of the, one of
the hot topics was a proposed bill,

00:37:51.395 --> 00:37:53.465
uh, called the Clean Ca Cloud Act.

00:37:54.065 --> 00:37:58.595
Um, that is, it's proposing that
it requires, uh, 11% annual carbon

00:37:58.595 --> 00:38:03.515
reductions from bitcoin miners, AI
data centers, and with the end goal.

00:38:04.270 --> 00:38:06.910
This is where it gets pretty
retarded is, uh, a hundred

00:38:06.910 --> 00:38:09.970
percent renewable power by 2035.

00:38:09.970 --> 00:38:11.590
So absurd.

00:38:11.920 --> 00:38:14.350
Let's just talk, let's
just zoom out, right?

00:38:14.350 --> 00:38:15.070
It ain't happening.

00:38:15.400 --> 00:38:19.000
You talk to anybody everywhere,
whether it's, you know, at a Bitcoin

00:38:19.000 --> 00:38:21.400
mining events or an AI conference.

00:38:21.980 --> 00:38:22.940
What's everybody talking about?

00:38:22.940 --> 00:38:23.360
Power.

00:38:23.420 --> 00:38:24.290
There's not enough power.

00:38:24.410 --> 00:38:26.960
And so, you know, and we'll kinda talk
about with some of the stuff that we're

00:38:26.960 --> 00:38:30.200
seeing and some of the transactions,
but if you're wanting to go particularly

00:38:30.200 --> 00:38:32.210
on grid, get in line, you know?

00:38:32.210 --> 00:38:32.360
Correct.

00:38:32.360 --> 00:38:34.880
That's why we're starting to see
a lot more sites start to transact

00:38:34.880 --> 00:38:39.170
from, you know, AI groups coming
to buying Bitcoin miners and the.

00:38:39.740 --> 00:38:42.410
Forecast for what we need in
power production just here in

00:38:42.410 --> 00:38:44.120
the US is like astronomical.

00:38:44.120 --> 00:38:45.890
It's like three times
what we have currently.

00:38:46.490 --> 00:38:52.280
And so by trying to propose
a bill to hamstring that,

00:38:52.760 --> 00:38:54.740
um, doesn't make any sense.

00:38:54.770 --> 00:38:58.220
I mean, AI is going to be a zero sum game.

00:38:59.225 --> 00:38:59.555
Right.

00:38:59.855 --> 00:39:02.345
It's whoever wins this dominates.

00:39:02.615 --> 00:39:06.455
It's like, it's the equivalent of
if the internet was privatized and

00:39:06.455 --> 00:39:09.005
a company could have a piece of
that, what would that be worth?

00:39:09.005 --> 00:39:09.425
Over time?

00:39:09.425 --> 00:39:13.295
And that's why there's no limit to what
these tech companies are willing to spend

00:39:13.295 --> 00:39:16.955
on sites and on power, on infrastructure.

00:39:17.495 --> 00:39:20.435
They will invest whatever
it takes to win this game.

00:39:20.915 --> 00:39:22.505
And we want kind of
going back to security.

00:39:22.535 --> 00:39:25.325
We want us to be the leaders in that.

00:39:26.045 --> 00:39:26.165
Right.

00:39:26.165 --> 00:39:26.495
Right.

00:39:28.445 --> 00:39:31.475
I don't want the entire world
to be run off Chinese ai.

00:39:31.955 --> 00:39:32.255
Sorry.

00:39:32.255 --> 00:39:32.315
No.

00:39:34.160 --> 00:39:34.280
No.

00:39:34.280 --> 00:39:34.340
Yeah.

00:39:34.400 --> 00:39:38.030
So this is, it just, it
absolutely doesn't make sense.

00:39:38.030 --> 00:39:41.060
And the emission standards currently,
'cause this is something, this

00:39:41.060 --> 00:39:43.670
was like our biggest, one of
our biggest bottlenecks, right?

00:39:44.090 --> 00:39:48.200
Um, for quarterly energy, it's the
procurement of turbines, right?

00:39:48.200 --> 00:39:49.490
In a realistic.

00:39:49.720 --> 00:39:50.620
Timeframe.

00:39:51.070 --> 00:39:53.680
Um, not to mention, you
know, they're not cheap.

00:39:54.130 --> 00:39:57.280
Um, but being able to even get an order
in and have them delivered in a reasonable

00:39:57.280 --> 00:39:59.080
amount of time is problem number one.

00:39:59.080 --> 00:39:59.530
Oh, it's crazy.

00:39:59.530 --> 00:40:03.700
Problem number two is making sure that we.

00:40:04.820 --> 00:40:08.450
Are within the, um, you know,
the emission standards, right?

00:40:08.450 --> 00:40:10.910
And so it's, it's specking out
the right kinds of turbines.

00:40:10.910 --> 00:40:14.210
It's putting on SCRs, on the
turbines, it's putting on chillers

00:40:14.210 --> 00:40:15.890
to keep the efficiency down, right?

00:40:15.890 --> 00:40:19.340
It's thinking of what can, what creative
ways of what we can do with the emissions.

00:40:19.340 --> 00:40:23.030
Whether that be, uh, you know, carbon
capturing, getting paid 45 Q credits.

00:40:23.360 --> 00:40:26.660
Um, you know, are you
in an area like in the.

00:40:27.050 --> 00:40:31.070
Central portion of like the DFW area
are in Houston, which is called the,

00:40:31.100 --> 00:40:33.050
the ozone non-attainment areas, right?

00:40:33.050 --> 00:40:36.950
Where the, the permitting process
and the emissions regulations

00:40:36.950 --> 00:40:37.850
are even more stringent.

00:40:38.510 --> 00:40:42.500
And so it's already very,
very difficult to comply, uh,

00:40:42.500 --> 00:40:43.550
with these emission standards.

00:40:43.550 --> 00:40:47.540
And so trying to impose any
other additional carbon reduction

00:40:47.540 --> 00:40:49.850
is really just kind of talking
outside both sides of your mouth.

00:40:49.850 --> 00:40:53.060
If you want America to
be the leader, uh, of ai.

00:40:54.030 --> 00:40:57.810
I heard everything you said, and
yes, I, uh, I completely agree,

00:40:57.960 --> 00:41:04.260
um, that, that there is virtually
no way that that is gonna happen.

00:41:04.860 --> 00:41:11.790
Um, I, I know, uh, Waylon, uh,
again, over at TEG, uh, we had

00:41:11.790 --> 00:41:13.080
a group we met with Encore.

00:41:13.880 --> 00:41:18.140
To discuss some availability of power
at different locations, whatnot, the

00:41:18.140 --> 00:41:22.850
large scale loads that are required
for like AI or AI infrastructure

00:41:22.850 --> 00:41:25.615
and running AI applications.

00:41:26.780 --> 00:41:28.490
Is huge.

00:41:28.700 --> 00:41:35.570
Um, there is virtually no power available
at the scale on grid that they need.

00:41:35.900 --> 00:41:39.230
Um, so when you're hearing all these
different, you know, we're, there's

00:41:39.230 --> 00:41:43.760
gonna be this many megawatts, gigawatts
of power going here and there it isn't,

00:41:43.760 --> 00:41:45.140
there's no, there's none available.

00:41:45.725 --> 00:41:46.505
There's just not.

00:41:46.535 --> 00:41:50.855
And so that's where the gas generation
and, and coal opportunities getting

00:41:50.855 --> 00:41:54.335
revisited, that's where that's
coming from because it's literally

00:41:54.335 --> 00:41:57.365
the only thing that's available
in the timeframe that they need it

00:41:57.635 --> 00:41:59.045
and at the scale that they need it.

00:41:59.315 --> 00:42:02.885
And so, yeah, when I hear these
things about what they're gonna do

00:42:02.885 --> 00:42:07.385
and they're, you know, a hundred
percent renewable and all it, I don't

00:42:07.385 --> 00:42:09.005
even know why people entertain it.

00:42:09.275 --> 00:42:10.265
It's a waste of time.

00:42:10.265 --> 00:42:14.525
It's rhetoric and it, there's virtually
no way that that is gonna happen.

00:42:15.125 --> 00:42:15.545
Zero.

00:42:15.965 --> 00:42:16.205
Yeah.

00:42:16.685 --> 00:42:19.115
I think natural gas is gonna put
down right now natural gas is

00:42:19.115 --> 00:42:21.065
gonna put the demand on its back.

00:42:21.635 --> 00:42:21.845
Right.

00:42:21.845 --> 00:42:25.295
Um, you know, nuclear still
in, in my view, 10 to 15 out.

00:42:25.505 --> 00:42:26.855
10 to 15 years out from today.

00:42:26.855 --> 00:42:27.815
Day we're, yeah.

00:42:27.875 --> 00:42:31.685
Um, we may see some of these old
coal plants kinda get revitalized,

00:42:31.685 --> 00:42:32.285
but I think there's gonna be.

00:42:32.715 --> 00:42:34.365
Probably a little bit too much pushback.

00:42:34.365 --> 00:42:35.355
We'll talk about that here in a second.

00:42:35.955 --> 00:42:40.425
Um, but I think natural gas is gonna
be the bulk of new power generation

00:42:40.815 --> 00:42:45.075
moving forward for at least the, the
next decade, which is e exactly the

00:42:45.075 --> 00:42:47.475
reason that I'm going out and trying
to pursue some opportunities here.

00:42:48.015 --> 00:42:52.635
Well, I think that it's the
way, um, and actually TEG we're

00:42:52.635 --> 00:42:53.715
working on some of those too.

00:42:54.030 --> 00:42:59.280
Um, so it, it's, the, the
toughest part is having access

00:42:59.280 --> 00:43:00.510
to turbines like you touched on.

00:43:00.510 --> 00:43:04.920
Dude, they, they're so far out right
now, depending on, uh, who you talk to.

00:43:04.920 --> 00:43:07.290
I've heard up to like three,
four years at this point.

00:43:07.440 --> 00:43:09.750
And that was from like a week or two ago.

00:43:09.900 --> 00:43:14.160
So, um, it's tough and, but
that's why you guys are gonna

00:43:14.160 --> 00:43:15.720
be positioned for success, man.

00:43:16.140 --> 00:43:18.120
I know you're gonna land
some fingers crossed.

00:43:18.510 --> 00:43:19.920
Yeah, no, we're gonna man.

00:43:21.710 --> 00:43:23.000
The, the market for it.

00:43:23.000 --> 00:43:27.290
Like everybody's, everybody's chasing
the same thing, but like you touched

00:43:27.290 --> 00:43:31.340
on your team and the ability to,
um, put this whole thing together.

00:43:31.370 --> 00:43:34.610
To me it's completely dependent on
the type of team you have and like,

00:43:35.210 --> 00:43:40.400
are they capable of understanding the
power and the oil and gas side and,

00:43:40.880 --> 00:43:44.360
and kind of checking all the boxes and
bringing things together the right way.

00:43:45.200 --> 00:43:48.650
It's harder than people think,
man, it, it might sound easy.

00:43:48.650 --> 00:43:50.870
It's much more difficult
than what people think.

00:43:51.275 --> 00:43:51.875
Yeah.

00:43:51.935 --> 00:43:52.205
Yeah.

00:43:52.235 --> 00:43:53.825
It's in, in, yeah.

00:43:53.885 --> 00:43:56.645
There's been a lot of, uh, roadblocks
and kind of pivots along the way

00:43:56.645 --> 00:43:57.725
to even get us to this point.

00:43:57.755 --> 00:44:02.255
So I get a turbine and I go get
the gas, and it's like, dude, it's

00:44:02.255 --> 00:44:05.735
just, this is way more difficult
than, than what you're putting on.

00:44:05.735 --> 00:44:05.825
It.

00:44:05.825 --> 00:44:11.975
It, it reminds me of back in like 20 20,
20 21 when everybody was like wanting

00:44:11.975 --> 00:44:13.565
to do the natural gas, bitcoin mining.

00:44:13.955 --> 00:44:17.945
I had so many people call me, Hey, I wanna
do, I wanna do an off grid Bitcoin mine.

00:44:18.035 --> 00:44:20.015
Uh, like, uh, where do I get a well?

00:44:20.720 --> 00:44:22.940
It's like, dude, you
just gonna go buy one.

00:44:22.940 --> 00:44:25.760
Well, you just gonna, you're
so, you're so out of your depth.

00:44:25.820 --> 00:44:28.790
If you think you're just gonna come into
the industry and, and start operating,

00:44:28.790 --> 00:44:30.020
well gas, it's, just take it over.

00:44:30.080 --> 00:44:30.440
Right.

00:44:30.440 --> 00:44:31.520
It's, it's absurd.

00:44:31.520 --> 00:44:34.340
So, but yeah, you touched on it too.

00:44:34.370 --> 00:44:39.140
The other thing that, um, I, I'm
interested in what is going to

00:44:39.140 --> 00:44:42.680
happen going forward is like the
Galaxy deal that they just did.

00:44:42.680 --> 00:44:43.340
I think it was core.

00:44:43.340 --> 00:44:45.650
We bought, uh, a Galaxy site.

00:44:46.310 --> 00:44:48.440
I think it was 200 megawatts,
something like that.

00:44:49.880 --> 00:44:56.360
The, those sites are the ones that if
you want stable grid power or even stable

00:44:56.630 --> 00:45:01.100
behind the meter power, most of those
are already taken up by Bitcoin miners.

00:45:01.775 --> 00:45:06.665
So at what point are we going
to see the Bitcoin miners

00:45:06.875 --> 00:45:08.645
are selling to the AI groups?

00:45:09.245 --> 00:45:11.495
Um, and they, well, we're,
we're seeing it now.

00:45:11.495 --> 00:45:13.625
I mean this is like Core
Weaves playbook, right?

00:45:13.775 --> 00:45:16.880
They go to Core Scientific, they do
that like 10 year or 12 year, whatever.

00:45:16.880 --> 00:45:17.240
Mm-hmm.

00:45:17.360 --> 00:45:19.145
Like 12, $14 billion.

00:45:19.145 --> 00:45:20.045
I remember the number exactly.

00:45:20.045 --> 00:45:20.705
We talked about it.

00:45:20.765 --> 00:45:23.855
It's a lot a while back, but
now they're doing the same thing

00:45:23.855 --> 00:45:25.235
with, with the Galaxy site.

00:45:25.235 --> 00:45:28.475
And it seems like this is gonna be
like their model and like once again.

00:45:28.540 --> 00:45:30.160
There's no limit to what
we're willing to pay.

00:45:30.160 --> 00:45:32.110
We need the infrastructure,
we need it today.

00:45:32.530 --> 00:45:35.050
And so, right, we're gonna
just start buying sites.

00:45:35.410 --> 00:45:39.070
In my, where I'm getting curious
is like, at what point does

00:45:39.070 --> 00:45:41.020
that start impacting hash rate?

00:45:41.860 --> 00:45:42.400
You know what I mean?

00:45:42.445 --> 00:45:44.950
You, you start having hash rate
getting pulled offline because Right.

00:45:45.220 --> 00:45:48.700
The AI sites are coming in
and significant amounts of it.

00:45:48.700 --> 00:45:50.890
200 megawatts is nothing
to sneeze at, you know?

00:45:50.890 --> 00:45:51.070
So.

00:45:51.890 --> 00:45:56.780
Um, and to think like the money
being poured into ai, if they

00:45:56.780 --> 00:45:58.820
can go buy a 200 megawatt.

00:45:59.990 --> 00:46:05.450
Big company facility to shut it down
and then pay $10 million a megawatt

00:46:05.450 --> 00:46:07.130
to build out their infrastructure.

00:46:07.640 --> 00:46:10.280
I mean, I'm sure there'll be some
overlap and reduction of that, but

00:46:10.280 --> 00:46:14.150
even if you're paying 5 million
for that, like that's a lot.

00:46:14.150 --> 00:46:15.560
And I don't, I think it'll be more than.

00:46:15.875 --> 00:46:18.845
If you're paying 10 per megawatt
right now, I don't think there's

00:46:18.845 --> 00:46:21.785
gonna be $5 million of overlap because
it doesn't cost that much to build

00:46:21.785 --> 00:46:22.925
a Bitcoin mine in the first place.

00:46:22.925 --> 00:46:27.275
So I think, if I remember correctly,
the, I ran the numbers on the core

00:46:27.275 --> 00:46:31.085
weave, core scientific deal, and I
think it was like 13 million a megawatt.

00:46:31.265 --> 00:46:31.835
I could be wrong.

00:46:31.835 --> 00:46:32.015
Right?

00:46:32.075 --> 00:46:33.155
It's it's expensive.

00:46:33.275 --> 00:46:33.755
It was really high.

00:46:33.755 --> 00:46:34.385
It's expensive.

00:46:34.775 --> 00:46:35.045
Yeah.

00:46:35.045 --> 00:46:39.905
So I do think that, um,
there'll be a point where.

00:46:40.910 --> 00:46:45.770
Uh, that starts impacting hash
rate because like the AI groups

00:46:45.770 --> 00:46:49.760
aren't gonna wait forever for
the gas generation to get there.

00:46:49.940 --> 00:46:51.200
Or then the grid power co.

00:46:51.380 --> 00:46:55.220
Again, that's gonna be probably three
years if you're 1, 2, 3, 400 megawatts.

00:46:55.700 --> 00:47:00.170
And we need to get the guy from
tg Ja, Jason Bear, um, and a

00:47:00.170 --> 00:47:02.420
couple other dudes who come on
here to talk about some of this.

00:47:02.420 --> 00:47:04.490
But like Chris Miller
would be a good one too.

00:47:04.585 --> 00:47:09.230
The, the timeframe that
it is gonna take to get.

00:47:09.830 --> 00:47:11.360
Grid power at one of these sites.

00:47:11.360 --> 00:47:14.660
You're talking minimum
like two years minimum.

00:47:15.035 --> 00:47:17.915
So it's like extra high.

00:47:18.095 --> 00:47:18.875
We already talked about that.

00:47:18.875 --> 00:47:22.265
It's a zero sum game, but a lot of
these groups, they have orders in that

00:47:22.265 --> 00:47:25.235
they had placed forever ago for GPUs.

00:47:25.535 --> 00:47:30.215
You can't have $10 billion of GPU sitting
in storage, collecting dust depreciating

00:47:30.215 --> 00:47:32.555
massively while your competitors are out.

00:47:32.835 --> 00:47:34.725
Outspending you, right.

00:47:34.785 --> 00:47:36.135
So it's gonna be interesting, man.

00:47:36.160 --> 00:47:39.075
I, I think there could be more of
those type of acquisitions coming.

00:47:39.645 --> 00:47:44.025
And I do think at some point
there's going to be probably some

00:47:44.025 --> 00:47:46.575
type of knock on the hash rate.

00:47:46.575 --> 00:47:49.935
I mean, so much of those AI groups
are coming to the US and the US has

00:47:49.935 --> 00:47:53.505
like, I think 36% of the hash rate.

00:47:54.560 --> 00:47:57.740
Those are the only sites that really
have that level of capability.

00:47:57.740 --> 00:47:58.640
They're Bitcoin miners.

00:47:59.090 --> 00:48:03.560
Um, at some point there's gonna be a
little bit of a ding that's good for,

00:48:03.620 --> 00:48:07.490
for guys like me that have, you know,
smaller mining operations of, you know,

00:48:07.490 --> 00:48:10.250
hash rate going down is, is good for us.

00:48:10.250 --> 00:48:13.970
So, um, it's not the worst thing in the
world, but it, it's gonna be interesting

00:48:13.970 --> 00:48:17.120
to see how the bitcoin mining industry.

00:48:17.290 --> 00:48:21.790
Moves forward with ai, you know, trying to
gobble up and the amount of capital they

00:48:21.790 --> 00:48:24.070
have to gobble up some of these sites.

00:48:24.430 --> 00:48:28.780
I do think still, and I've talked about
this before, um, and I think there's

00:48:28.780 --> 00:48:33.250
legislation actually in Texas now about
this, but these large AI groups, or

00:48:33.250 --> 00:48:34.960
it's talking about getting proposed.

00:48:35.765 --> 00:48:41.585
These large AI groups having
to contribute some level of

00:48:41.585 --> 00:48:43.595
their power back at peak times.

00:48:44.165 --> 00:48:48.785
Like that to me, is going to require
there to be some type of backup,

00:48:48.785 --> 00:48:53.705
redundant power available to them,
um, in order to accommodate that need.

00:48:54.245 --> 00:48:59.045
And so I, I think that also leads to the
whole kind of thesis I've had, which is.

00:48:59.745 --> 00:49:05.565
AI is going to have to have some component
of Bitcoin mining with it just to.

00:49:06.230 --> 00:49:10.130
Accommodate the needs that the
grid is gonna have for flexibility

00:49:10.520 --> 00:49:11.630
during certain periods of time.

00:49:12.530 --> 00:49:13.097
I just hundred percent think that.

00:49:13.102 --> 00:49:16.340
And, and if that legislation gets
moved forward, I think that there's,

00:49:16.475 --> 00:49:18.800
it, it has to, it, it will pass.

00:49:18.800 --> 00:49:22.370
I, I, I really believe that one, one of
the problems is that a lot of these groups

00:49:22.370 --> 00:49:26.660
are trying to permit a lot more power
than they're gonna bring online initially.

00:49:26.660 --> 00:49:26.900
Of course.

00:49:26.900 --> 00:49:30.110
And that's created a massive
issue for the grid from a, from

00:49:30.110 --> 00:49:31.580
a, a low balancing perspective.

00:49:32.090 --> 00:49:34.220
And so being able to meet that.

00:49:35.255 --> 00:49:38.045
Whatever you're permitting with
Bitcoin mining so that you have

00:49:38.045 --> 00:49:40.895
that large flexible load that you
can curtail and sell power back.

00:49:41.495 --> 00:49:42.755
It's this convergence.

00:49:42.875 --> 00:49:45.755
You know, I think we've talked about it
for, for a while now, where, you know,

00:49:45.935 --> 00:49:48.185
Bitcoin miners are becoming AI companies,
AI companies are becoming Bitcoin

00:49:48.425 --> 00:49:54.185
miners, and maybe there's a new term
where for these groups kind of, uh, you

00:49:54.185 --> 00:49:55.865
know, as, as they've kind of merged, so.

00:49:56.755 --> 00:49:58.945
Um, yeah, you're saying there's a few
other ones I've got on my list here.

00:49:58.945 --> 00:50:02.035
Bit Digital, uh, is pivoting into
ai, so they're buying a 53 million

00:50:02.155 --> 00:50:03.895
facility in North Carolina for ai.

00:50:04.375 --> 00:50:10.015
Um, riot is currently eyeing, um,
tenants for their one gigawatt Texas

00:50:10.015 --> 00:50:13.315
campus, um, specifically for ai.

00:50:13.915 --> 00:50:14.785
Um.

00:50:16.010 --> 00:50:19.010
DOE is opening up federal land for
AI data centers and power projects.

00:50:19.130 --> 00:50:21.680
So I guess there's 16 new federal
sites that have been unlocked

00:50:22.190 --> 00:50:26.000
for AI in infrastructure and
onsite power demand that's big.

00:50:26.330 --> 00:50:30.230
Um, Google and PJM are using
AI to accelerate power grid

00:50:30.230 --> 00:50:34.340
interconnections, so using AI to
fix the grid kind, kind of awesome.

00:50:35.030 --> 00:50:35.630
Um.

00:50:36.290 --> 00:50:40.580
Microsoft's kind of pulling a little bit
of a pause on all their new AI buildouts.

00:50:41.090 --> 00:50:44.150
They had bought the three Mile Island
nuclear facility that was mothballed

00:50:44.450 --> 00:50:45.380
and trying to bring that back.

00:50:45.380 --> 00:50:48.620
And so I think that they're really
trying to go all in on nuclear.

00:50:48.620 --> 00:50:53.510
I don't know if this is just posturing
or if this is actually, um, you know,

00:50:53.510 --> 00:50:54.770
there's their kind of stance on this.

00:50:54.770 --> 00:50:55.310
I don't really know.

00:50:55.880 --> 00:50:56.870
I don't know either, man.

00:50:57.110 --> 00:50:58.790
Um, anything.

00:50:59.510 --> 00:51:03.620
Anything, uh, bill Gates involved
in, I, I get kind of squeamish about,

00:51:04.130 --> 00:51:08.900
so I don't know, man, bill Gates
in a freaking nuclear facility.

00:51:08.900 --> 00:51:11.420
Man, this sounds scary.

00:51:11.420 --> 00:51:12.260
It sounds like a movie.

00:51:12.755 --> 00:51:16.145
Two other things on the policy side
that we skipped over would be, uh, Ted

00:51:16.145 --> 00:51:20.855
Cruz has introduced the Flare Act to
incentivize, uh, Bitcoin mining with

00:51:20.855 --> 00:51:22.895
flared gas, which makes a ton of sense.

00:51:23.555 --> 00:51:23.645
Mm-hmm.

00:51:23.885 --> 00:51:26.735
And I feel like I have to take at
least a little bit of credit, not

00:51:26.735 --> 00:51:29.165
taking credit with, I'm sure, I'm sure.

00:51:29.225 --> 00:51:32.015
Uh, Lee and a bunch of other guys
have also played probably a much

00:51:32.075 --> 00:51:34.685
larger part than I did, but we
had Ted Cruz the first in power.

00:51:35.190 --> 00:51:39.090
It was his first kind of exposure
to Bitcoin mining and then we hosted

00:51:39.090 --> 00:51:42.810
a little, uh, a breakfast the next
morning with like 20 of the largest

00:51:42.810 --> 00:51:45.960
miners for a couple hours and he asked
a lot of like really great questions.

00:51:45.960 --> 00:51:48.300
And so I feel like that was
kind of the genesis of kind

00:51:48.300 --> 00:51:49.140
of getting him on this track.

00:51:49.140 --> 00:51:51.180
So just gonna pat myself
on the back a little bit.

00:51:51.180 --> 00:51:51.240
Yeah.

00:51:51.240 --> 00:51:52.980
Jake, so well done.

00:51:53.340 --> 00:51:55.260
I know, but this, this actually
sense, the power just got a

00:51:55.260 --> 00:51:57.150
history of making a great impact.

00:51:57.395 --> 00:51:58.625
We gotta bring it back.

00:51:58.655 --> 00:51:59.615
We gotta bring it back.

00:51:59.735 --> 00:52:00.695
Gotta bring it back.

00:52:00.695 --> 00:52:02.045
Another, another shame
was plug firm power.

00:52:02.675 --> 00:52:06.845
And then, uh, last thing I have
on my list would be, uh, Trump is

00:52:06.845 --> 00:52:10.085
trying to bring back coal power for
AI infrastructure we talked about.

00:52:10.535 --> 00:52:15.305
I think, yeah, I mean we, not to be
a dead horse, but if it comes down to

00:52:15.335 --> 00:52:20.855
national security, zero sum game, zero
sum game for ai, us being the leaders

00:52:20.855 --> 00:52:23.765
in that, if it comes down to having to.

00:52:24.575 --> 00:52:28.265
Fire up some coal power generation,
then absolutely we should do it.

00:52:28.715 --> 00:52:31.235
Oh, yeah, I, I think we should do it.

00:52:31.450 --> 00:52:35.405
I, I mean those, all of those
reasons are reasons to do it.

00:52:35.555 --> 00:52:38.465
And honestly, man Trump, he
ain't worried about that.

00:52:38.675 --> 00:52:39.905
He, he's gonna be all about it.

00:52:40.895 --> 00:52:42.575
Hey, what about American Bitcoin?

00:52:42.815 --> 00:52:43.655
We didn't even talk about that.

00:52:43.895 --> 00:52:44.765
Oh yeah, yeah, yeah.

00:52:44.765 --> 00:52:50.105
So, uh, Eric Trump launched American
Bitcoin with, um, I don't know if he's

00:52:50.105 --> 00:52:51.905
Trump trains getting on the Bitcoin train.

00:52:52.115 --> 00:52:53.645
The HUD eight CEO Asher.

00:52:53.675 --> 00:52:53.855
Yeah.

00:52:53.855 --> 00:52:53.945
GaN.

00:52:53.945 --> 00:52:54.035
Mm-hmm.

00:52:55.865 --> 00:52:56.705
I think that's how you pronounce it.

00:52:57.155 --> 00:52:57.395
Yeah.

00:52:57.395 --> 00:52:58.625
Um, I love the ambition.

00:52:58.625 --> 00:53:01.835
I mean, they're saying that they want
to be the largest, pure play Bitcoin

00:53:01.835 --> 00:53:06.965
miner in North America with 50 XA
hash and a Bitcoin treasury reserve.

00:53:07.205 --> 00:53:08.735
Um, love the ambition.

00:53:09.830 --> 00:53:14.445
How are they gonna raise the money
to be able to outpace Mara and Riot?

00:53:14.445 --> 00:53:14.805
Mm-hmm.

00:53:14.925 --> 00:53:18.470
And anybody else who's, uh,
already pretty much at that scale.

00:53:19.010 --> 00:53:20.270
Um, and its also Trump coin.

00:53:20.810 --> 00:53:24.200
Probably use Trump coin, maybe
the Trump Gold card and, uh.

00:53:24.615 --> 00:53:27.165
And it's also just, it's a weird
positioning to say that you're

00:53:27.165 --> 00:53:30.135
gonna be a pure play minor given
everything we just talked about.

00:53:30.135 --> 00:53:30.225
Right.

00:53:30.375 --> 00:53:34.395
And all the reasons why there is this
convergence and wanting to diversify

00:53:34.395 --> 00:53:37.635
into, you know, different revenue
streams with, with the infrastructure,

00:53:37.635 --> 00:53:39.795
just given the demand and, and
just how much money you can make.

00:53:40.185 --> 00:53:44.565
It just seems like an odd move at
this time to, to go and be pure play.

00:53:44.565 --> 00:53:46.875
But I'm, you know, curious play that.

00:53:47.265 --> 00:53:50.025
I would say that, I would
say that too if, um.

00:53:51.575 --> 00:53:56.525
If I didn't think that, uh, and I'm
not saying from an ethical standpoint

00:53:57.005 --> 00:54:02.435
whether it's good or bad, but I
think watching what the freaking

00:54:03.065 --> 00:54:05.735
market will do when Trump tweets I.

00:54:06.875 --> 00:54:10.445
I can't imagine what Bitcoin would do
when Trump tweeted some other stuff.

00:54:10.445 --> 00:54:10.895
You know what I mean?

00:54:10.895 --> 00:54:14.735
We saw just him winning the, the
huge run up on Bitcoin that we saw.

00:54:15.275 --> 00:54:19.475
Um, but I'm not gonna add, there was
part of me when I saw that, um, that was

00:54:19.475 --> 00:54:22.925
like, man, Bitcoin had a million bucks.

00:54:22.925 --> 00:54:22.985
I.

00:54:23.345 --> 00:54:28.655
Would probably start seriously
rivaling anything that you

00:54:28.655 --> 00:54:30.755
could get from the AI world.

00:54:30.875 --> 00:54:32.975
So, yeah, I don't know, man.

00:54:33.035 --> 00:54:36.305
And then when I saw the tariff,
uh, revenues from tariffs could

00:54:36.305 --> 00:54:38.555
be considered a budget neutral.

00:54:38.945 --> 00:54:39.785
Um.

00:54:40.000 --> 00:54:43.090
You know, way to a, acquire
Bitcoin for the strategic reserve

00:54:43.420 --> 00:54:44.500
in the government's opinion.

00:54:44.950 --> 00:54:46.180
That's pretty interesting.

00:54:46.360 --> 00:54:49.030
Um, there was some other ways, I
can't remember off the top of my

00:54:49.030 --> 00:54:54.460
head that they mentioned would be
considered budget neutral ways to stack

00:54:54.640 --> 00:54:56.710
Bitcoin for the strategic reserve.

00:54:57.340 --> 00:54:57.730
Um.

00:54:58.275 --> 00:55:03.345
If that started happening, if, if the
US government was a buyer with the, I

00:55:03.345 --> 00:55:07.275
can't remember what they're saying, the
tariffs should produce 600 plus billion

00:55:07.275 --> 00:55:08.715
dollars a year or something like that.

00:55:09.225 --> 00:55:13.725
Um, that's a pretty big pocketbook
to be buying some Bitcoin with, man.

00:55:14.805 --> 00:55:15.075
Yeah.

00:55:15.105 --> 00:55:16.905
Michael Sale don't have nothing on that.

00:55:19.160 --> 00:55:20.690
So lot of, lot of cool stuff, man.

00:55:20.690 --> 00:55:21.980
This, I mean, it's never
been more, oh yeah.

00:55:21.980 --> 00:55:22.585
Super interesting.

00:55:22.590 --> 00:55:24.470
More fun to be in this space.

00:55:24.470 --> 00:55:25.700
At the intersection of all these things.

00:55:25.700 --> 00:55:26.630
There's a lot of movement.

00:55:27.650 --> 00:55:28.190
It's kinda weird.

00:55:28.190 --> 00:55:31.910
Isn't it weird that like bitcoin's
been like relatively like steady

00:55:31.940 --> 00:55:33.650
at like 84,000, knock on wood.

00:55:34.610 --> 00:55:39.290
I know, but I, I do think that goes
back to, um, hopefully, and I said this

00:55:39.290 --> 00:55:44.180
actually, there was that dip back down
in the seventies after he announced, you

00:55:44.180 --> 00:55:45.890
know, liberation Day or whatever it was.

00:55:46.400 --> 00:55:51.320
But it took a couple days after the
market moved, before Bitcoin kinda tanked.

00:55:51.380 --> 00:55:53.090
Now Bitcoin came back up.

00:55:53.660 --> 00:55:57.260
Um, and yeah, you know, I, I've heard
people, I read these articles and they're

00:55:57.260 --> 00:55:59.600
always like, oh, Bitcoin the big pullback.

00:55:59.600 --> 00:56:01.790
And it's like, man, this has been a week.

00:56:02.135 --> 00:56:04.295
Two weeks since it was in the seventies.

00:56:04.805 --> 00:56:07.565
And, but they're still talking
about it as if it's right now.

00:56:07.565 --> 00:56:11.765
And so, yeah, it has held up
relatively well when you compare

00:56:11.765 --> 00:56:13.085
it to the rest of the market.

00:56:13.085 --> 00:56:18.215
So, um, I think it's a testament
to the narrative change that's

00:56:18.215 --> 00:56:23.885
kind of coming, um, with, you
know, Bitcoin being looked at as.

00:56:24.590 --> 00:56:29.690
A dollar replacement or a safe, uh,
as far as world currency is concerned,

00:56:30.110 --> 00:56:32.510
um, or being a safe haven asset.

00:56:33.050 --> 00:56:37.730
Um, and I just think people recognize
the potential for it down the road.

00:56:37.730 --> 00:56:42.050
I, I saw some great articles
from like, Forbes and, and.

00:56:42.395 --> 00:56:46.925
You know, even the Wall Street Journal,
I believe, uh, just about the positioning

00:56:46.925 --> 00:56:52.655
that of Bitcoin and what it could
do with the dollar slipping sum and

00:56:52.655 --> 00:56:54.575
with the uncertainty in the market.

00:56:54.935 --> 00:56:58.910
And it's like, man, two years
ago, we would've never saw, I.

00:56:58.995 --> 00:57:03.375
Anything like that in a, you know,
what did Lisa call when she's on here?

00:57:03.375 --> 00:57:04.905
Lame stream media or something?

00:57:04.905 --> 00:57:06.645
Or, or legacy media?

00:57:07.485 --> 00:57:08.445
Legacy media.

00:57:08.445 --> 00:57:10.575
You know, we wouldn't have
seen that type of stuff before.

00:57:10.755 --> 00:57:12.495
And so, uh, yeah, I, I'm.

00:57:13.520 --> 00:57:17.570
I do feel like there's been a
major, major narrative shift.

00:57:17.990 --> 00:57:21.830
Um, and I think that's just
gonna continue to happen.

00:57:21.950 --> 00:57:22.610
I really do.

00:57:22.790 --> 00:57:29.270
So I think we we're, I'm never gonna say
that we're not susceptible to wild swings.

00:57:29.270 --> 00:57:30.170
We always will be.

00:57:30.170 --> 00:57:33.050
I think it's, it acts like
a commodity a lot of ways.

00:57:33.050 --> 00:57:35.150
And you know how to, it's a, it's
a, you've been an oil gas road.

00:57:35.150 --> 00:57:36.770
It's 24 7, 365.

00:57:36.815 --> 00:57:37.165
Right?

00:57:37.460 --> 00:57:37.610
Right.

00:57:37.610 --> 00:57:38.330
Like it's always the same.

00:57:38.330 --> 00:57:39.890
Volatility is a feature on a bug.

00:57:40.485 --> 00:57:41.385
Right, right.

00:57:41.535 --> 00:57:46.335
And so, um, I don't know, man, I,
I've also moved past a lot of the,

00:57:46.995 --> 00:57:51.975
you know, the early stages of like
Bitcoin adoption on an individual basis.

00:57:52.880 --> 00:57:55.040
Those wild swings seem scare you.

00:57:55.670 --> 00:57:57.530
They don't really bother me anymore, man.

00:57:57.860 --> 00:57:59.900
No, they, I not really at all.

00:57:59.900 --> 00:58:01.805
It's like, yeah, I don't pay
attention to, you know, you.

00:58:01.875 --> 00:58:02.165
Yeah.

00:58:02.225 --> 00:58:02.925
You, you used to.

00:58:03.045 --> 00:58:04.100
I don't, but it's on my home screen.

00:58:04.100 --> 00:58:06.500
My, it's on my lock screen, my phone,
but I don't really pay that to, yeah.

00:58:08.030 --> 00:58:08.180
Yeah.

00:58:08.180 --> 00:58:13.250
I mean, I look, I definitely look every
day, but I honestly, I look at it to see

00:58:13.250 --> 00:58:18.560
what I want to do when I'm playing with
like MSTU and, and those, I don't like.

00:58:19.100 --> 00:58:20.510
My Bitcoin's my Bitcoin, man.

00:58:20.690 --> 00:58:21.080
I get it.

00:58:21.110 --> 00:58:25.070
That's, I just keep, I just keep
buying, keep buying and keep mining.

00:58:26.570 --> 00:58:27.650
Stacking it, baby.

00:58:28.670 --> 00:58:30.440
Well, I think that's a, so I
told my daughter to get tattooed.

00:58:30.980 --> 00:58:31.640
Keep buying.

00:58:31.645 --> 00:58:31.735
Yeah.

00:58:32.150 --> 00:58:34.880
Keep buying and keep mining that.

00:58:35.540 --> 00:58:36.320
That's a tattoo.

00:58:36.835 --> 00:58:37.055
Yep.

00:58:38.270 --> 00:58:38.630
I'm gonna tell her.

00:58:39.650 --> 00:58:41.390
You guys good to be back.

00:58:41.510 --> 00:58:44.120
If y'all are interested in, uh,
getting on the wait list for

00:58:44.120 --> 00:58:45.770
Empower, wanna give some feedback?

00:58:45.830 --> 00:58:47.150
Great idea, terrible idea.

00:58:47.210 --> 00:58:49.370
We know it's a great idea, but if
you don't think it's a good idea,

00:58:49.370 --> 00:58:50.480
love, also know about it as well.

00:58:50.930 --> 00:58:53.000
Uh, go fill out the wait list.

00:58:53.000 --> 00:58:53.930
I'll put in the show notes.

00:58:53.930 --> 00:58:56.150
It's also@energizingbitcoin.com.

00:58:56.150 --> 00:59:01.760
Just go to the, the top there and
just click on Empower and, uh, yeah.

00:59:01.850 --> 00:59:02.690
We'll see you guys again soon.

00:59:03.050 --> 00:59:03.590
Later.