THE MINING POD: TeraWulf’s $1.3B Raise, Riot’s $500 ATM, SMLR-ASST Merger, Beckham Bends Away from BTC

The podcast analyzes the falling Bitcoin network hashrate and its implications for miners. The discussion covers the potential for negative difficulty adjustments, the low hash price, and stagnant transaction fees. TeraWulf's $1.3 billion secured financing for its AI campus and Riot's $500 million ATM offering are examined, with varied perspectives on their significance. The hosts also discuss Eric Simler's push for the merger of Simler Scientific with Strive, creating a top-five Bitcoin treasury company, while questioning the relevance of Bitcoin treasury plays amid market exhaustion. Finally, David Beckham's Prenetics halting Bitcoin purchases to focus on a supplement brand is discussed as a potential sign of capitulation in the treasury market.