Welcome back to The Mining Pod! For today’s Bitcoin Stock Show, Kevin Dede, a managing director of equity research at investment bank H.C. Wainwright, joins to discuss AI/HPC hybrid bitcoin miners vs. pure-play ones – specifically, which strategy Dede is bullish on for 2025 and beyond. We touch on what the $500 billion project Stargate means for bitcoin miner AI aspirations, what he thinks of Riot and Bitfarms evaluating their sites for an AI retrofit, which miners he favors in the AI race, and more.

Timestamps

00:00 Start

02:40 AI vs pure play miners

06:30 Constraints of Mining & network effects

08:55 Hashrate growthrate per year

09:50 Predicted hashrate growth

11:09 Project Stargate

15:54 Infrastructure vs computes plays

22:11 Investor perception

23:07 Riot pause

28:15 Is it too late to HPC convert?

31:18 Core Scientific

39:28 Favorite miner pivoting to AI

43:57 Does AI push miners out of USA?

49:47 Bitdeer's HPC pipeline

54:28 Tiny Texas town

56:51 Hive in Paraguay

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