Bitfarms' Expansion Strategy w/ Ben Gagnon and Alex Brammer

Welcome back to the Mining Pod! For this week’s stock show, Colin interviews Bitfarms CEO Ben Gagnon and Senior Vice President of Global Mining Operations Alex Brammer. Bitfarms made a name for itself as one of the first publicly traded bitcoin miners to expand into South America, first with its operations in Argentina and then in Paraguay. Now, Bitfarms is planning to house 50% of its future hashrate in Pennsylvania with its acquisition of Stronghold Digital. They discuss how their new portfolio in Pennsylvania gives Bitfarms the option to enter the energy trading business, and Bitfarms’s strategy for potentially breaking into the AI/HPC business by 2026.

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Timestamps:

00:00 Intro

02:20 Why Bitfarms entered into the South American market

07:10 Experience with regulation and approval process in Paraguay

10:00 Difficulties with expanding in Quebec

13:50 Why Bitfarms likes the PJM power region

18:00 Stronghold acquisition: power market play, expansion play, or both?

23:40 Bitfarms HPC aspirations

31:15 Will bitcoin miners need to pivot to AI/HPC to remain relevant? 

34:40 How mining can fill in demand gaps for AI/HPC

43:20 How Bitfarms plans to fund mining expansion and potential AI/HPC operations

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

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"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset.

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