Hut 8 Eyes 500MW Site, MSCI Keeps MSTR, Florida Revisits a BTC Reserve

Subscribe to the Blockspace newsletter!

Welcome back to The Blockspace Podcast! Today, Colin and Charlie give a temperature check on bitcoin mining stats, highlighting stats that show non-monetary transactions currently account for nearly 50% of all Bitcoin transactions. We also dig into Hut 8’s plans for a 500 MW data center in Illinois, the latest hiring spree at Cipher Mining, Riot’s updated compensation plan as they expand into AI, and MSCI’s decision to keep Strategy (MSTR) in its indices. Finally, for this week’s cry corner, Florida’s renewed attempt at a Strategic Bitcoin Reserve. 

Notes:

* Runes: 6.1M txs, 42% of volume last month

* Hash price: $39/PH/day, fees near zero

* Hut 8: 500MW, $4-5B site in Logan County, IL, pending zoning approval

* Difficulty: 4 negative adjustments out of last 5

* Riot: Jason Chung in as CFO

*Florida makes a second attempt at a strategic bitcoin reserve

👉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.

Published twice weekly, “The Blockspace Pod” interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

Enjoy this episode? Get the full Blockspace experience.

Create a free account to access exclusive research, market data, and Bitcoin mining insights from our team.

Create Free Account

Related Episodes

AI has reawakened interest in nuclear energy, but rebooting America’s nuclear age will take time and face challenges.
Mar 03, 2026
On the latest Blockspace roundup, the gang cover’s Block’s 40% workforce reduction and our scoop that Magic Eden is quitting the Bitcoin and Ethereum NFT game.
Feb 28, 2026
Tether has quietly become the largest bitcoin miners in the world, and Elektron manages 50 EH/s of the stablecoin issuer’s fleet.
Feb 26, 2026
Amanda Fabiano joins the podcast to discuss the evolution of Bitcoin corporate treasuries. From her experience at Fidelity and Galaxy to her new role at NAKA, she explains why public companies need diversified recurring revenue models beyond just holding Bitcoin on their balance sheets.
Feb 24, 2026
We just had a historic 14% difficulty adjustment, weather-driven hash rate curtailments, and the groundbreaking Bitcoin-backed bond from Ledn.
Feb 21, 2026
Matt Hougan, CIO of Bitwise, breaks down why we’re still in a crypto winter, the truth about central bank gold buying, and why Bitcoin’s revenue problem doesn’t matter… yet. We dive into the Kevin Warsh Fed era, quantum risks, and the rise of AI agents.
Feb 19, 2026
Chris Alfano, CEO of 360 Energy, joins the podcast to discuss how Bitcoin mining is solving oil and gas problems. Learn about the reality of hash price aversion among energy giants, the move toward pipeline-scale mining, and why off-grid power is the ultimate goal for sustainable operations.
Feb 17, 2026
Colin and Charlie break down the latest Bitcoin news, from the massive $16k price drawdown and capitulation theories to Bitdeer’s legal woes in Ohio and IREN joining the MSCI index. Plus, a deep dive into "quantum resistance" and the historic shift in mining difficulty.
Feb 14, 2026
Cathedra’s Tom Masiero joins us to breakdown how the bitcoin mining AI-shift echoes China’s 2021 bitcoin mining ban.
Feb 12, 2026
Now, listen here

Get updates on new episodes and a whole lot more

By subscribing, you agree to the Blockspace Privacy Policy and Terms and Conditions.