About this episode
A Zoomer arrested for stealing $46M from the US Marshals, Kraken makes history with a Fed Master Account, and IREN builds to 150,000 GPUs.
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Chris Johhansen of Ion Stream and Kaan Farahani of Luxor join us to talk about the insane arrest of John DeGuida for allegedly stealing $46 million from the US Marshals Service. We break down Kraken Financial’s historic Fed Master Account and what a "skinny" seat at the table means for the industry. Plus, we analyze the massive pivot from ASICs to GPUs and review the tumultuous Bitcoin hash rate data from February.
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Notes:
* Zoomer stole $46M from US Marshals Service (his dad!)
* Kraken gets first Fed Master Account.
* Iren expanding GPU fleet to 150,000.
* Difficulty adjustment targeting 7.5% up.
Timestamps:
00:00 Start
04:53 Difficulty Report by Hashrate Index
07:49 $46M Stolen from US Marshals Service
15:35 Kraken Financial Granted Federal Reserve Master Account
21:48 AI Compute & Neocloud Dynamics
24:11 AI boom vs crypto boom
27:39 AI inference vs training
30:44 Scoping AI deals
32:41 H100 are still viable?
36:35 Hashrate
37:46 February suprises
44:40 What ASICs are profitable?
45:36 More hashrate declines?
47:36 5 cents per KWH
49:29 Hashrate prediction
52:51 IREN Expands GPU Fleet
1:01:44 Cry Corner: Miners Are Dumping BTC?
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