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Paul Prager (TeraWulf) Building a Zero Carbon Bitcoin Miner (EP.315)

On The Brink with Castle Island

Release Date: 05/02/2022

Michael Bentley (Euler) on Euler's Comeback (EP.650) show art Michael Bentley (Euler) on Euler's Comeback (EP.650)

On The Brink with Castle Island

Wyatt sits down with , the founder of . In this episode:  Euler's founding story, infamous security incident, and comeback story How the team and protocol stayed together in the face of immense challenges The value of personal relationships in crypto despite a pseudonymous culture

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Weekly Roundup 07/25/25 (Tether’s GENIUS options, Defending Free Banks, Saylor’s Stretch) (EP.649) show art Weekly Roundup 07/25/25 (Tether’s GENIUS options, Defending Free Banks, Saylor’s Stretch) (EP.649)

On The Brink with Castle Island

Matt and Nic are back with another week of news and deals. In this episode:  Defending “Free Banking” from the critics – and why stablecoins are unlike free banks The American Bankers Association doesn’t like new crypto charters Tether CEO Paolo Ardoino announces the company’s plan to launch a new US-based stablecoin this year Strategy announced the plans for the fourth preferred stock offering this week, STRC, or "Stretch." Anchorage Digital, which does hold an OCC banking charter, is  a new stablecoin issuance platform. The first stablecoin product will...

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Cyrus Shirazi (Haven) on Better Bookkeeping for Crypto Startups & Beyond (EP.648) show art Cyrus Shirazi (Haven) on Better Bookkeeping for Crypto Startups & Beyond (EP.648)

On The Brink with Castle Island

CEO of joins the show. In this episode:  R&D tax credits and offering an attractive tax product to early stage companies What on-chain finance needs to fulfill becoming a better ledger for accounting What startups should look for in a tax & accounting partner

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Weekly Roundup 07/18/25 (GENIUS is Law, Clarity passes, narrow banking and GENIUS) (EP.647) show art Weekly Roundup 07/18/25 (GENIUS is Law, Clarity passes, narrow banking and GENIUS) (EP.647)

On The Brink with Castle Island

Matt and Nic are back for another week of news and deals. In this episode:  The Coldplay concert incident It’s Crypto Week in Washington Talos acquires Coin Metrics Do you need an MTL to run a fantasy football league? GENIUS Act is law pending Trump’s signature Clarity Act passes the House ICO Fairshake raises $141m Grayscale is preparing for an IPO Adam Back’s Bitcoin access vehicle Polymarket beats the allegations Is GENIUS creating a narrow bank system?  Governor Waller's comments on stablecoins and banks

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Nikhil Raghuveera (Predicate) on Policy Engines for Blockchains (EP.646) show art Nikhil Raghuveera (Predicate) on Policy Engines for Blockchains (EP.646)

On The Brink with Castle Island

Wyatt sits down with of to talk policy for blockchain applications. In this episode:  How Predicate’s “rules for blockchain transactions” are making on-chain finance more scalable and secure Creating more compliant stablecoin transfer systems suitable to mass financial use cases The future of secure money movement How leading software and financial firms can integrate transaction policies in their workflows

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Weekly Roundup 07/11/25 (New BTC ATH, Crypto Week, Zelensky suit scandal) (EP.645) show art Weekly Roundup 07/11/25 (New BTC ATH, Crypto Week, Zelensky suit scandal) (EP.645)

On The Brink with Castle Island

Matt and Nic are back for another week of news and deals. In this episode:  Bitcoin hits a new ATH and no one is talking about it Grok goes haywire The White House posts chudjak Core Weave looks to buy Core Scientific Stablecoins are going to pay yield anyway Did Zelenskyy wear a suit? How should prediction markets be settled? ICO is coming up Hester Peirce issues a warning on tokenized securities Crypto Week in Congress is coming up Jonathan Gould has been confirmed as Comptroller of the Currency There are new public access vehicles Andreessen wants you to leave Delaware A fundamental...

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Zac Townsend (Meanwhile) on Bitcoin Life Insurance (EP.644) show art Zac Townsend (Meanwhile) on Bitcoin Life Insurance (EP.644)

On The Brink with Castle Island

, the founder and CEO of , joins the show. In this episode we discuss: Zac’s background and the path that led him to start Meanwhile. The mechanics of Bitcoin denominated life insurance. How Meanwhile generates Bitcoin yield. Zac’s views on the evolution of Bitcoin treasury companies. To learn more about Meanwhile visit   

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Charles Hamel (Opera MiniPay) on Globalizing Dollar Access (EP.643) show art Charles Hamel (Opera MiniPay) on Globalizing Dollar Access (EP.643)

On The Brink with Castle Island

Charles Hamel, Product Director at joins the show. In this episode:  Stablecoin habits in emerging markets Prospects for local stablecoins What’s next on the stablecoin horizon

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Weekly Roundup 07/04/25 (Tokenized stocks, Crypto Week, BBB passes) (EP.642) show art Weekly Roundup 07/04/25 (Tokenized stocks, Crypto Week, BBB passes) (EP.642)

On The Brink with Castle Island

Matt and Nic are back for another week of news and deals. In this episode:  EthCC troubles  Robinhood has been shipping Figma owns BTC  The House GOP has declared "crypto week" in July Circle and Ripple are applying for bank charters  AI companies are buying Bitcoin miners Sharia finance The BBB passes  America teeters towards default The Sohan Parekh fiasco How do tokenized stocks work?  Another architect of OCP2.0 bites the dust Is AI going to usher in a socialist revolution?  Ric Edelman wants you to buy crypto  Franklin Templeton is worried about...

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Chris Maurice (Yellow Card) on Stablecoin Adoption in Africa (EP.641)  show art Chris Maurice (Yellow Card) on Stablecoin Adoption in Africa (EP.641)

On The Brink with Castle Island

Chris Maurice, founder of , a pan-Africa stablecoin business and exchange, rejoins the show. In this episode: How Chris feels about the crypto space in 2025 as compared to when he started a decade ago How Yellow Card evolved from being a retail BTC exchange to being an enterprise payment platform for stablecoins How Chris realized that stablecoins were all about b2b transfers How businesses in EM use stablecoins, and what the alternatives are Regional differences within Africa in terms of stablecoin adoption Shifting regulatory attitudes in Africa Does Chris worry about crypto-dollarization...

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More Episodes

TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. In this installment of the mining miniseries we cover: 

  • Paul’s career trajectory from coal trading to energy infrastructure to Bitcoin
  • Beowulf’s deal with Marathon and their entry into Bitcoin
  • How TeraWulf distinguishes itself from other Bitcoin miners
  • Why TeraWulf has an explicit ESG focus
  • Zero carbon and how that differs from ‘carbon neutral’
  • The importance of being vertically integrated
  • How Paul thinks about the halvings and how that affects their business
  • TeraWulf’s facility in upstate NY
  • Paul’s views on NY State’s approach to Bitcoin mining
  • How the Bitcoin mining industry struggles with proactive messaging
  • TeraWulf’s 300 MW nuclear-powered facility in Pennsylvania
  • Why Bitcoin is synergistic with nuclear power
  • The prospects for nuclear bitcoin mining
  • TeraWulf’s zero-carbon approach and how that manages risk
  • TeraWulf’s plans for growing their hashrate under management
  • The characteristics that TeraWulf looks for in new sites
  • Will Bitcoin miners develop better transparency around emissions data?
  • Why mining is so useful for decarbonization through curtailment programs
  • The convergence between the energy sector and Bitcoin mining
  • Why vertical integration and zero carbon will prevail in Bitcoin mining long term
  • Trends in consolidation Paul expects
  • Why vertical integration allows you to manage your risk better than a hosting model
  • What public market analysts should be doing when they evaluate miners

Follow Paul on Twitter and learn more about TeraWulf