Public Miners Raise a Couple Billi, CleanSpark May Launch a Mining Pool, and Solo Mining is Cool Again

Welcome back to The Mining Pod! How much have public miners raised since Q2? A lot – like, $2.2 billion kind of a lot. The majority of this liquidity flows from at-the-market (and other) stock offerings in Q2, while a handful of miners have also turned toward convertible notes for financing in Q3. In addition to that news, we also cover a story that Blockspace broke regarding CleanSpark’s desire to launch its own mining pool, and we finish the feel good underdog story that yes, solo miners are still out there (and they’re actually making money).  

Timestamps:

00:00 Start

01:43 Bitcoin mining market / metric update

7:50 Publicly traded Bitcoin miners raise $2.1 billion since Q2

10:00 Bitdeer $150 million convertible note

12:46 Marathon $250 million convertible note to buy BTC

14:21 Core Scientific $350 convertible note to pay down debt

17:13 When CleanSpark pool? 

23:48 Bitaxe and solo mining 33:54

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

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