SpaceX’s $250B IPO Raise, KEEL’s $458M Convertible Note, Hut 8’s $4.25 Senior Note, OpenAI’s 10 GW Datacenter: Podcast

Below is a recap of the Blockspace Podcast, a daily livestream on AI/HPC, data centers and more.

On today’s show, Reuters has reported that SpaceX’s IPO round could come in at $250 billion, a 3x oversubscription from the company’s planned $75 billion.

Plus, Cormint CEO Jamie McAvity joins us to give an optimistic outlook on bitcoin mining with hashrate stagnant – even as hashprice flirts with all-time lows.

“We said we’re accumulating land and interconnections in these somewhat remote parts of Texas. It is possible that one day demand for data centers could grow, that these locations, which don’t carry the same valuation as premium tier one data center locations, could act like a call option on that. And I think we have seen that come true,” McAvity told Blockspace .

For other news, we cover Keel’s $458 million convertible note; Hut 8’s $4.25 billion senior secured note for its Beacon Point data center, the second investment-grade bond for project-level financing for the burgeoning AI firm; Crusoe hitting pause on a proposed 10 GW data center in Wyoming; and OpenAI’s plans for its own 10 GW, $500 billion project in Ohio.

AI and Bitcoin’s daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts.