Cipher Mining’s AI Play w/ Tyler Page and Chris Totin
FILL OUT THE MINING POD SURVEY BY CLICKING HERE
Welcome back to The Mining Pod! Today, Tyler Page (CEO) and Chris Totin (CCO) from Cipher Mining join us to talk about their strategic pivot from pure-play bitcoin mining to hybrid approach with AI/HPC data centers, SoftBank's $50M investment, the ins-and-outs of building HPC data centers, and why they're betting big on the convergence of bitcoin mining and artificial intelligence workloads.
**Notes:**
• Cipher has 2.7 cents/kWh electricity costs
• SoftBank invested $50M in Cipher through private placement
• Barber Lake site: 300MW capacity with substation
• Texas has 397GW generation in queue over 5 years
• Construction workforce growing only 1% annually
Timestamps:
00:00 Start
00:33 Intro Tyler
01:44 Intro Chris
03:55 Access to capital
06:43 Debt financing
10:37 Selling BTC for operations
16:29 Barber Lake update
20:24 Agnostic greenfield site design
25:02 HPC vs mining design challenges
31:49 Stingray
34:32 Finding facility buyers
37:01 Softbank
39:47 Greenfield vs retrofit
45:15 Are all miners flipping to HPC?
48:47 Hybrid sites
👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy.
And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today!
👉 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.
👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!
Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact sales@coloradoairfilter.com
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