In this podcast episode, Matt Schultz, co-founder and executive chairman of CleanSpark, a leading public bitcoin miner, discusses JP Morgan initiating coverage on the top bitcoin miners. He shares insights on challenges faced while building a top bitcoin mining operation and CleanSpark's strategy in transitioning from selling to holding bitcoin. Schultz also dives into the company's approach to financing projects, particularly in relation to leveraging debt amid bitcoin's volatility, and offers his perspective on the potential impact of a bitcoin ETF approval. The conversation further explores CleanSpark's decision to build infrastructure in Georgia, predictions for the mining industry's growth, and thoughts on the 2024 Bitcoin halving and its possible effects on the market.
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TIMESTAMPS:
00:00:53 Who are you and what do you do at CleanSpark?
00:04:03 What does the world not understand about mining?
00:08:00 15,000 miners in Washington, Georgia
00:09:22 JP Morgan initiating coverage on bitcoin miners
00:13:05 Institutional investors in bitcoin miners
00:15:28 What’s hard about building a mining company?
00:21:22 If you were not in bitcoin mining, what would you be doing?
00:22:30 Financing and growing CleanSpark with debt or equity?
00:25:20 Will we see another wave of greed and leverage in the next cycle?
00:30:30 Will CleanSpark buy distressed halving capitulation assets?
00:32:35 How big of a catalyst will the ETF be?
00:35:17 Will energy and mining companies consolidate?
00:37:00 What’s hard for regulators and Wall Street to grasp about bitcoin mining?
00:42:28 AI competing with mining infrastructure
00:43:01 Why build mining infrastructure in Georgia?
00:47:51 CleanSpark expanding internationally?
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What is The Bitcoin Frontier?
Join us as we explore the transformative power of bitcoin, delving into how it has reshaped the lives and perspectives of our guests. Joe Burnett’s engaging conversations offer a unique insight into their collaborative journey in exploring this monetary revolution. Discover firsthand accounts of innovation, disruption, and inspiration as we navigate the ever-changing landscape of the bitcoin frontier.
Whether you're a seasoned bitcoin enthusiast or just starting to explore its potential, The Bitcoin Frontier is your passport to understanding the future of finance.