T-Mobile Kicks Off ?? Pilot + 1st ?? Of PubCO Q3 Results & Oct ?? Updates

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W44 ‘24 Vibe Check

• The Overview Vibe
• Weekly Industry Metrics
• Headlines & News
• The Media Vibe
• Energy Corner
• The Meme Vibe

The Overview Vibe

Hi amigos and amigas! Late is better than never and I am hyped to get back on the Vibe Check train. Bitcoin stayed pretty horizontal ~$68K in anticipation of the election while hashrate ballooned up to new all-time highs around 767 EH/s before deflating down to ~730. Could that be a function of hashrate chasing the blip up in transaction fees during the week?…or curtailment due to some hotter days…? With that hashrate increase, an upward adjustment is certain to keep the pressure on miners to continue to execute. I’ll be interested to see what short-term post-election price action does to ASIC energization behaviors before EOY.

Check out the news section below to keep up with the first wave of PubCo sector Q3 results and October (SPOOOKY) production/operations updates. Congrats to CLSK and GRIID teams for landing the M&A plane and finalizing the acquisition of GRIID. I’ll be interested to see how the TVA greenfield pipeline is developed in 2025. CLSK also entered into a purchase agreement with Canaan for their latest Avalon AI566I ASICs (249 TH/s) for a Q4 delivery. I’d be interested if this was a function of supply constraints or pricing ranges for Bitmain that allows Canaan to throw their hat in the ring.

Following up on an earlier report this year, German T-Mobile parent company Telekom is following through with its plan to explore Bitcoin mining. It will be piloting a small container-style data center to further understand the benefits of the flexible load properties of Bitcoin mining and how it can optimize monetizing their energy consumption footprint. While small, the signals from a major international company in what is to be considered an “energy illiterate” region of Europe are super bullish. Can mining be the catalyst for Europe to spur grid and power innovations to the benefit of their citizens?! LETS HOPE SO!

Hope y’all don’t have a tummy ache from the Halloween candy and are ready for chistmas music! I hope everyone remembers to stay hydrated, to call your mom, and to remember that we must not let external fear rule our internal love! Expect back to regular Sunday programming and memes!

Bitcoin/Mining Metrics

• BTC price2: ~$68,274.78 @ EOW. +0.84%% WOW.
• Hash price1: $45.42 PH/Day @ EOW. +0.07% WOW.
• Network Hashrate (SMA 7 Day)1: ~756 EH/s @ EOW. +5% WOW.?
• Difficulty1: 95.67 T @ EOW. +0% WOW.
• ASIC Retail Price (s19/m30 family)1: $2.75/TH/s @ EOW. 0% WOW.

Sources: Hashrate Index1, Bitbo2

Headlines & News

Featured

• CleanSpark Completes Acquisition of GRIID Infrastructure Inc. - Press Release.
• KKR signs $50bn partnership with ECP for data center and power development - Press Release.
• Bitdeer Launches Second-Generation Bitcoin Mining Machine SEALMINER A2, Achieving Roadmap Goals - Press Release.
• Telekom and Bankhaus Metzler Test Bitcoin Mining Infrastructure for Surplus Energy - Press Release.

General PubCo Updates

• October Production & Operations Updates
• Bitfarms
• Cipher Mining
• CleanSpark
• Digihost
• Marathon Digital
• Riot Platforms
• TeraWulf
• Q3 Results
• Cipher Mining - Press Release, Presentation, Call Transcript
• Riot Platforms - Press Release, Presentation, Call Transcript
• Bitfarms Nominates Andrew J. Chang for Election to the Board of Directors - Press Release.
• Applied Digital to Raise $375M in Convertible Notes Issuance - TheMinerMag.
• Canaan Inc. Awarded Order from New Customer CleanSpark for Avalon A1566I Miners - Press Release.
• Bitfarms Enters into Second 10,000 Miner Hosting Agreement with Stronghold Digital Mining - Press Release.
• Bit Digital, Inc. Executes MSA with Boosteroid, Third-Largest Cloud Gaming Provider, For Initial Deployment - Press Release.

Operations & Site Updates

• Compass Mining Expands Operations into Kentucky with New 10 Megawatt Partnership - Press Release.

Capital Markets & M&A

• DMG Blockchain Solutions Announces Purchase of Reactor.xyz to Offer Hashrate Contracts - Press Release.
• Gryphon to End Bitcoin Mining Hosting Agreement with Coinmint - TheMinerMag.
• Cipher Sets Up $35M Term Loan Facility with Coinbase - TheMinerMag.

Regulatory/Legal Updates

• NY Judge to Rule on Greenidge’s Bitcoin Mining Permit by Nov 14 - TheMinerMag.
• Court Dismisses Former Staffers’ Suit against Northern Data - TheMinerMag.

Research/Reports/Newsletters

• Rate Shock, Election Fever, & Bitcoin Whipsaw: TBL Weekly #117
• NYDIG Weekly Research - Nov 1
• The Miner Weekly - Chip Sanction Violation & Underperforming Mining Stocks
• Hashrate Index - Weekly Hashrate Market Update (November 04, 2024)

The Media Vibe

Energy Corner

The Meme Vibe

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