Mining Bitcoin with a Pair of Diamond Hands

Published on
November 3rd, 2021
Duration
51 minutes


Mining Bitcoin with a Pair of Diamond Hands

The Interview - Crypto ·
Featuring Fred Thiel & Elaine Ly

Published on: November 3rd, 2021 • Duration: 51 minutes

Marathon Digital Holdings generates up to 20 bitcoin a day, which makes them one of the largest bitcoin mining companies in the world. But, they won't sell any—holding them with "diamond hands" as the retail investors would say—until they partner up with "every major power company in the world." With four decades of experience in running software companies to private equity funds all around the world, Fred Thiel, CEO of Marathon Digital Holdings, has a new mission as he recognizes technology's power to aid in resolving societal issues, particularly when it comes to the energy crisis the world currently faces. Through bitcoin mining, Fred sees this as a revelation as he shares with Real Vision's Elaine Ly, "Bitcoin is the perfect reason for countries to deploy renewable energy." They also go down the rabbit hole of China's hash crash, the gaming industry, and the rise of crypto ETFs. Recorded on October 15, 2021.