Thank you to everyone who joined our earnings call today. In Q3, we were laser-focused on expanding our HPC business and optimizing our bitcoin mining business- a focus that will drive us through the remainder of 2024 and beyond.
With our 500 MW HPC hosting contract, expansion opportunities at existing sites and pipeline of new site opportunities to contract to new clients, we have line of sight to more than 1 GW of critical IT load, providing a pathway to becoming one of the largest data center companies in North America!
Congratulations to President Trump on a successful campaign and election win. We look forward to continued progress and opportunity under his leadership and working together toward a strong and unified future for all. 🇺🇸
🏦Hedge funds are coming in strong. 47% of traditional hedge funds now have exposure to #Bitcoin, up from 29% last year.
Think about that—nearly half of these big institutional players are holding Bitcoin.
📈Among the top 25 hedge funds, a massive 64% already own Bitcoin.
Bitcoin infrastructure development company Blockstream announced the completion of $210 million in convertible note financing, led by Fulgur Ventures. This round of financing will be used to accelerate the market adoption of its Layer 2 technology, expand mining operations, and increase Bitcoin reserves. To date, more than $1.8 billion in assets have been issued on Liquid.
https://t.co/oVyLVgA8Pb
BBT Daily VLOG | Creating Hash reports and legacy hardware testing with the Avalon 1246 units. Team continues to build amazing content adding a fresh and funny take on our industry while having responsible fun. #bitcoin#btc
Einstein discovered E=mc², he didn't "invent" it.
Satoshi discovered #Bitcoin, he didn't "invent" it.
No one controls #Bitcoin. The identity of who discovered it is irrelevant.
Enough with the Satoshi speculation. It's dangerous, it's disrespectful, and it's fiat.
In May 2011, a couple of weeks after Satoshi disappeared forever, the entire #Bitcoin mining network got above 1 TH/s for the first time ever.
1 TH/s (a trillion hashes per second) is roughly the same amount hashrate as one brand new Bitaxe desk miner...but the GPUs back then were using a lot more energy per hash than the ASICs use today...and it's the aggregate energy use that secures the network, not just the hashrate.
Fantastic op-ed by Mayor Ward Roddam @redeyeleader in the Austin-American Statesman:
"Bitcoin Mining Revived My Rural Community of Rockdale"
Bitcoin mining is like a digital oil well, poised to fuel the economic revival of rural Texas
👏👏👏🇺🇸🇺🇸🇺🇸
https://t.co/eph10ZXugT
"According to data from TheMinerMag, Foundry USA Pool and MARA Pool mined 18% of all bitcoin blocks in January 2022. As of August 2024, that figure has risen to 33.6%, and that doesn’t include U.S.-based hashrate connected to Chinese pools."
https://t.co/RA0i4gdqiM
It's hard to fully express the impact the recent HRF summit at @bitcoinpark_ will have. Powerful things happen when a diverse group comes together, and as a developer, I was deeply inspired by the stories of activists worldwide using Bitcoin and N*str.
One of the ways I’ll contribute is by helping onboard more Nostriches. After conversations with @bertavalle, @faisalalmutar and @noelynesumba, I’ve committed to zap 10,000 sats to every person they onboard to N*str, assisting them in setting up profiles and lightning wallets.
More initiatives will follow in time and I'll post about them as they happen... 😉 @AquaBitcoin, @Excellion, @AnitaPosch.
A big thank you to @gladstein, @AlexLi98, @arshmolu, @ck_SNARKs, @AnyaChekhovich, @femilonge and others for bringing us together and fostering such an inspiring environment. I can’t wait to see all the seeds planted at this summit flourish!