HashrateUp - A Bitcoin Mining Podcast

🔗 Chris Alfano:
Website: https://360energyco.com
LinkedIn: https://www.linkedin.com/in/christopher-alfano-a195a058/
X (Twitter): https://x.com/chrisallfano

In this episode of HashrateUp, Jesse sits down with Chris Alfano, CEO of 360 Energy, to break down one of the most overlooked power cost advantages in Bitcoin mining: negative-priced natural gas in West Texas.

Chris explains why the Waha Hub has traded at negative prices 70% of the time over the last three years, what's driving that structural imbalance in the Permian Basin, and how Bitcoin miners can co-locate at stranded gas sites to access energy costs that go below zero. The conversation covers 360 Energy's origin story, two and a half years of off-grid R&D, their APEX gas offtake model, and the contrarian case for deploying into Bitcoin mining right now while the rest of the industry pivots to AI.

Whether you're an operator looking for your next marginal cost of power or a miner sitting on older-generation ASICs wondering where to redeploy them, this episode lays out a concrete playbook for mining profitably in a low hash price environment.

0:00 Introduction & 360 Energy background
7:00 Raising $6M in 2021 and the school of hard knocks
15:51 The AI pivot and the contrarian case for Bitcoin mining
22:00 Why West Texas gas trades negative: Permian Basin explained
28:24 $1,800/day revenue per 1.2 MW just for consuming gas
35:48 ASIC redeployment: off-grid sites as a hospice for older miners
43:13 Scale, service model, and rapid fire questions

🛠 Sponsored by:

SoloMining – Home & solo mining made easy
Code: HASHRATEUP
https://solomining.de

Altair Technology – Buy Bitcoin Mining Solutions
Code: HASHRATEUP
https://altairtech.io

📲 HashrateUp Hardware Deals
Telegram: https://t.me/hashrateup

📩 HashrateUp Newsletter
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#BitcoinMining #OffGridMining #NegativeEnergyPrices #WestTexas #HashrateUp #ASIC #BitcoinMiner

In this episode of HashrateUp, Jesse breaks down the latest Bitcoin mining news -- from hash price and difficulty trends to public miner financials, Bhutan's Bitcoin sell-off, AI competition for power, and new developments from Luxor, Tether, and the solo mining community.

What are public miners actually paying to produce one Bitcoin once you factor in salaries, financing, and overhead beyond the electricity bill? Jesse challenges the "3.8 cents all-in" narrative from Riot's Q1 2026 report and questions whether large-scale miners are truly profitable at current prices. Also covered: CoinShares estimates up to 20% of miners are now below breakeven, Bhutan has offloaded 70% of its Bitcoin reserves in 18 months, and Anthropic's multi-gigawatt compute deal is intensifying competition for cheap power across the U.S.

On the innovation side: Tether and Canaan are developing modular mining infrastructure that separates compute from power and enclosure, Luxor has committed to a $100M MicroBT hardware purchase alongside a new miner OS for the M50 series, and the Parasite Pool mined its second block just 48 days after its first.

0:00 Hash price, difficulty & mempool update
1:47 Seal Miner A4 & Riot sells BTC to fund AI pivot
2:22 What public miners actually pay to produce 1 BTC
3:51 Bhutan sold 70% of its Bitcoin in 18 months
5:57 AI is competing for miners' cheap power (Anthropic)
7:17 CoinShares: 20% of miners unprofitable
8:51 Parasite Pool mines 2nd block in 48 days
9:59 Hut 8, Tether x Canaan & Luxor x MicroBT

🛠 Sponsored by:

SoloMining -- Home & solo mining made easy
Code: HASHRATEUP
https://solomining.de

Altair Technology -- Buy Bitcoin Mining Solutions
Code: HASHRATEUP
https://altairtech.io

📲 HashrateUp Hardware Deals
Telegram: https://t.me/hashrateup

📩 HashrateUp Newsletter
https://hashrateup.com/newsletter-sign-up/

#BitcoinMining #BitcoinNews #HashPrice #MiningNews #HashrateUp

🔗 Carl Agren:
LinkedIn: https://www.linkedin.com/in/carl-agren-6921068/

🔗 NIP Group:
Website: https://miningninjas.com
Investor Relations: https://nipg.com

In this episode of HashrateUp, Jesse sits down with Carl Agren, CEO of Mining and Digital Assets at NIP Group, to explore how one of the world's most iconic esports brands quietly built 11.3 EH/s of Bitcoin mining across multiple global jurisdictions.

Carl breaks down the deal structure behind NIP's mining buildout, why the company is staying focused on Bitcoin rather than chasing the AI data center hype, and what makes the AI pivot so dangerous for public miners who don't understand liquidated damages. He also shares his outlook on hash price, why he models NIP's strategy after CleanSpark, and where the company is hunting for stranded energy opportunities next.

0:00 Intro: From Counter-Strike fan to interviewing NIP's mining CEO
1:00 How NIP went from esports to 11.3 EH/s of Bitcoin mining
3:45 Carl's background: co-founding G42 and the Phoenix Group IPO in Abu Dhabi
4:31 The AI pivot debate: why NIP is staying selective and not jumping on the bandwagon
7:43 AI power demand: 400 GW needed for AGI, data center cancellations, community pushback
13:45 Why long-term Bitcoin mining thinking is nearly impossible for public companies
15:40 NIP's current strategy: lean operations, energy arbitrage, stranded power opportunities
18:00 Hash price outlook, the rainbow curve, and Bitcoin by end of 2026
26:49 Rapid fire: BTC price, CleanSpark, hydro vs immersion, HODL vs yield

🛠 Sponsored by:

SoloMining – Home & solo mining made easy
Code: HASHRATEUP
https://solomining.de

Altair Technology – Buy Bitcoin Min

🔗 Ryan Miller (Braiins):X (Twitter): https://x.com/ryanmllr107Telegram: https://t.me/ryanmiller_braiinsBraiins Hashpower: https://hashpower.braiins.com/In this episode of HashrateUp, Jesse sits down with Ryan Miller, Director of Business Development at Braiins, to explore the newly launched Hashpower platform — a marketplace where anyone can buy and sell Bitcoin hashrate directly.They cover how Braiins sources liquidity for the platform, what makes it fundamentally different from traditional cloud mining, and who it's actually built for — from retail solo miners to institutional buyers. Ryan also shares his background in FinTech consulting, why he made the move to Bitcoin mining, and why he believes the AI narrative will eventually swing back in Bitcoin's favor.🛠 Sponsored by:SoloMining – Home & solo mining made easyCode: HASHRATEUPhttps://solomining.deAltair Technology – Buy Bitcoin Mining SolutionsCode: HASHRATEUPhttps://altairtech.io📲 HashrateUp Hardware DealsTelegram: https://t.me/hashrateup📩 HashrateUp Newsletter → https://hashrateup.com/newsletter-sign-up/0:00 Introduction & Ryan's background3:24 Why Bitcoin mining felt organic after EY8:33 Braiins Hashpower platform: what problem does it solve?11:44 How hashrate liquidity is sourced (firmware, pool, own ops)16:29 Buying hashrate vs cloud mining: the key distinction18:52 Growth since launch & the solo block story

🔗 Paul Palmer (SustainHash):X (Twitter): https://x.com/sustainhashWebsite: https://www.sustainhash.comEmail: [email protected] this episode of HashrateUp, Jesse sits down with Paul Palmer, Chief Revenue Officer at SustainHash, to break down how a small Canadian repair company scaled to over 100 MW under site management in just a few years.Paul covers what it actually takes to win and run large-scale Bitcoin mining sites: from SLAs and daily client reporting to hiring the right people across four jurisdictions. He also explains why steady O&M revenue beats the repair model, how SustainHash structured their warranty program, and where new mining capital is still coming from despite the AI pivot narrative.Whether you're an operator, an investor, or just curious what happens inside a Bitcoin mine every day — this episode gives you the full picture.0:00 Introduction – Paul Palmer & SustainHash2:18 From 5 MW to 100 MW – what drove the growth4:55 Winning the 40 MW contract against larger competitors11:26 SLAs, uptime targets and daily client reporting15:36 Hardest sites to operate – and why it's not the weather20:00 AI vs Bitcoin mining – where new capital is going28:38 SustainHash's warranty program explained31:14 Rapid fire questions🛠 Sponsored by:SoloMining – Home & solo mining made easyCode: HASHRATEUPhttps://solomining.deAltair Technology – Buy Bitcoin Mining SolutionsCode: HASHRATEUPhttps://altairtech.io📲 HashrateUp Hardware DealsTelegram: https://t.me/hashrateup📩 HashrateUp Newsletterhttps://hashrateup.com/newsletter-sign-up/