News Roundup: Miner Revenue Up, AI Compute on Old GPUs & Tether Hydro mining in Uruguay | The Mining
Channel: Compass Mining
Date: 2023-06-03

Today we are talking about how miner revenue has been up, if old ETH miners pivoting to AI is realistic and Tether hydro mining in Uruguay.

https://www.theblock.co/post/232886/bitcoin-miner-revenue-climbs-to-916-million-in-may

https://www.coindesk.com/business/2023/05/26/usbtc-aims-to-become-bitcoin-mining-giant-after-deal-to-buy-celsius-assets/

https://hashrateindex.com/blog/fahrenheit-256-inside-us-bitcoin-and-cos-acquisition-of-celsius-bankruptcy-assets/

https://www.businesswire.com/news/home/20230531005132/en/CoreWeave-Secures-200-Million-Series-B-Extension-Bringing-Total-Round-to-421-Million

https://twitter.com/nic__carter/status/1664675237819031553

https://www.theblock.co/post/232521/tether-bitcoin-mining-uruguay

https://www.thestreet.com/cryptocurrency/news/biden-30-percent-bitcoin-mining-tax-debt-ceiling-deal

https://github.com/djrtwo/writing/blob/main/docs/2022-05-30_the-risks-of-lsd.md

Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:
00:00 Start
01:13 Miner revenue increase
02:25 USBTC to buy Celcius assets
04:19 ETH miners pivot to AI compute
06:08 Nic Carter on AI pivot
07:09 Tether mining in Uruguay
08:22 Biden 30% mining tax dead (for now)
09:28 ETH risks of LSD


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