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Podcast: The Peter McCormack Show
Episode: Bitcoin Mining in Distress with Nick Hansen - WBD585
Description: Nick Hansen is the CEO of Bitcoin mining software firm Luxor Technologies. In this interview, we discuss the distress within the Bitcoin mining industry caused by a perfect storm of leverage, stagnant value, huge growth in capacity, energy price shocks and wider headwinds affecting investment. This could become a national security issue. - - - -Â Exactly one year ago, US Bitcoin mining companies were posting record quarterly profits. A huge amount of investment followed China's mining ban making North America the centre of global Bitcoin mining. It spurred the development of mega miners: companies d...