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The Trumps Mine BTC Now: Inside American Bitcoin w/ Matt Prusak
Manage episode 475805684 series 2908609
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Welcome back to The Mining Pod! Today, Matt Prusak, CEO of American Bitcoin, joins us to discuss the strategic partnership between HUT 8 and the Trump family for its latest subsidiary, American Bitcoin. Hut 8 is reallocating nearly all of its self-mining assets (10 EH/s) to American Bitcoin and taking an 80% stake in the company. Prusak explains why Hut 8 has taken this approach to focus self-mining efforts with American Bitcoin while the parent company focuses on energy, infrastructure, and AI. Plus, he touches on American Bitcoin’s ambitious plans to reach 50 EH/s and the company’s plans to go public.
# Notes:
- HUT 8 allocated mining assets for 80% stake
- Starting with 10 EH/s, targeting 50 EH/s
- American Bitcoin will build own Bitcoin treasury
- Emphasizes "America First" Bitcoin ethos
- Plans to go public in the future
- Targeting sub-15 joules per terahash efficiency
Timestamps:
00:00 Start
01:45 Starting American Bitcoin
02:49 Business structure
03:43 What does Hut 8 gain?
04:52 AI & HPC pivot
06:19 New pools of capital?
07:32 New facilities?
08:21 Hut 8 & Bitmain deal
09:27 Roadmap
10:19 Power generation
12:00 Favoring domestic hardware?
13:28 Dividing responsibilities
14:41 Separate treasuries?
14:52 Financials & IPO
16:29 Two public companies
18:58 Fundraising
21:41 Balancesheets
22:58 Hut 8 expenses
26:36 Vibe shift
👉 Luxor, Leaders In Bitcoin Mining and Compute Power!
Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.
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!
Learn more about your ad choices. Visit megaphone.fm/adchoices
404 episodes
Manage episode 475805684 series 2908609
You're listening to The Mining Pod. Subscribe to the newsletter, trusted by over 10,000 Bitcoiners: https://newsletter.blockspacemedia.com
Want to mine Bitcoin? Check out the Blockspace Media store today!
Welcome back to The Mining Pod! Today, Matt Prusak, CEO of American Bitcoin, joins us to discuss the strategic partnership between HUT 8 and the Trump family for its latest subsidiary, American Bitcoin. Hut 8 is reallocating nearly all of its self-mining assets (10 EH/s) to American Bitcoin and taking an 80% stake in the company. Prusak explains why Hut 8 has taken this approach to focus self-mining efforts with American Bitcoin while the parent company focuses on energy, infrastructure, and AI. Plus, he touches on American Bitcoin’s ambitious plans to reach 50 EH/s and the company’s plans to go public.
# Notes:
- HUT 8 allocated mining assets for 80% stake
- Starting with 10 EH/s, targeting 50 EH/s
- American Bitcoin will build own Bitcoin treasury
- Emphasizes "America First" Bitcoin ethos
- Plans to go public in the future
- Targeting sub-15 joules per terahash efficiency
Timestamps:
00:00 Start
01:45 Starting American Bitcoin
02:49 Business structure
03:43 What does Hut 8 gain?
04:52 AI & HPC pivot
06:19 New pools of capital?
07:32 New facilities?
08:21 Hut 8 & Bitmain deal
09:27 Roadmap
10:19 Power generation
12:00 Favoring domestic hardware?
13:28 Dividing responsibilities
14:41 Separate treasuries?
14:52 Financials & IPO
16:29 Two public companies
18:58 Fundraising
21:41 Balancesheets
22:58 Hut 8 expenses
26:36 Vibe shift
👉 Luxor, Leaders In Bitcoin Mining and Compute Power!
Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.
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!
Learn more about your ad choices. Visit megaphone.fm/adchoices
404 episodes
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