Subscribe to the Blockspace newsletter!
Welcome back to The Mining Pod! Today, Doug Wilson, Head of Credit Investments at Coinbase Asset Management (CBAM), joins us to talk about their new hashrate backed loans and how they differ from traditional loans for Bitcoin miners. Doug breaks down CBAM’s flexible collateral package, which allows miners to post their facilities and bitcoin as collateral. We also discuss the broader capital markets for crypto, the impact of institutionalization and ETFs, the importance of regulatory and tax clarity, and the untapped potential of the stablecoin economy to drive efficiency in payments and finance.
Subscribe to the newsletter! https://newsletter.blockspacemedia.com
**Notes:**
* LTV typically 50-70% for Bitcoin loans
* Up to 50% hash rate collateral
* Coinbase Asset Management registered Q1 2023
* Coinbase is a wholly owned subsidiary
* Bitcoin mining is a commodity industry with commodity margins
Timestamps:
00:00:00 Start
00:02:37 What does CBAM do?
00:03:26 Hashrate Loans
00:06:25 Hashrate definition
00:08:25 Bitcoin industry stigma
00:10:25 Data centers as collateral?
00:12:44 Current & future state of lending
00:14:44 Rates & specifics
00:18:49 Target clients
00:20:08 Retail loans
00:22:07 DeFi?
00:24:30 Competition from TradFi
00:25:56 Stablecoins
00:28:03 Future of stablecoins?
00:28:41 Regulations
00:31:16 Future of capital markets products?
00:32:49 Taxes
👉CleanSpark, America's Bitcoin Miner!
CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.
👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation
FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute.
👉 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.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Published on 12 hours ago
If you like Podbriefly.com, please consider donating to support the ongoing development.
Donate