RT CoinDesk Podcast Network (@CoinDeskPodcast)🎧 Catch the latest episode of 'THE MINING POD,’ in partnership with @blockspacepod!THE MINING POD: TeraWulf Q3 Recap: Future AI Deals, Capital Structure, and the Future of WULF’s BTC MiningNotes:• First AI revenue: $7.2 million in Q3• 450MW contracted with FluidStack at Lake Mariner• 72.5MW deal with Core42 signed• Demand response revenue: $7.3-7.4 million Q3• Adjusted energy cost: 4.7 cents per kWh• Current hashrate: 7.2 exahash📨: https://t.co/hRtJgvZWn8 ...

Core Thesis - The company Bitfarms Ltd. (NASDAQ: BITF) is initiating coverage with a Buy rating, focusing on its successful transition from BTC mining to AI/HPC development, which is seen as a strategic advantage due to its concentration of data [1]. Company Overview - Bitfarms is pivoting its business model to capitalize on opportunities in artificial intelligence and high-performance computing, moving away from its traditional focus on Bitcoin mining [1]. Strategic Advantages - The company's strategic advantage is highlighted by its concentration of data, which is essential for AI and HPC applications, positioning it favorably in the evolving tech landscape [1].