Mining Stock May Updates, BTC Treasury Company Mania, CoreWeave’s $7B Applied Digital Deal
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Welcome back to The Mining Pod! Today, Will, Colin and Matt talk about May mining production numbers from major players like CleanSpark, Riot, and Marathon; the explosive growth of corporate Bitcoin treasury companies following MicroStrategy's playbook; and CoreWeave’s $7 billion deal with Applied Digital. Plus, for this week’s cry corner, silver just hit a 13-year high, but it’s still only up 5% in those 13 years…
**Notes:**
• Hash price currently around $52 per petahash/day
• CleanSpark mined 694 BTC in May at 45.6 EH/s
• Riot sold 500 BTC for $51M operational costs
• Marathon holds almost 50,000 Bitcoin treasury
• Applied Digital signed $7B, 15-year AI deal
• Silver hit $36, highest since February 2012
Timestamps:
00:00 Start
01:08 Difficulty Report by Luxor
06:16 Monthly Production Figures
16:55 Fractal Bitcoin
17:30 The Bitcoin Treasury Movement
24:16 Saylor’s copycats fall behind
30:03 Applied Digital and CoreWeave
33:27 Cry Corner - Silver rips higher
37:43 Circle IPO
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