Harry Sudock
Aspiring Industrialist. Chief Strategy Officer, @GRIID
First employee at GRIID Infrastructure, Harry has led the strategy function at the company since inception. This has taken the company to four industrial scale mining facilities across two states and they are now in the midst of a public market transaction to further support growth. At GRIID he leads power acquisition, ASIC acquisition, corporate development, and special situations.
Sessions
Proof of work (PoW) is the technical and philosophical underpinning of bitcoin. Technically, proof of work is the mechanism by which new transactions are added to the bitcoin blockchain. Philosophically, it is the mechanism by which bitcoiners are able to demonstrate value within the ecosystem. It is critical to understand both in order to engage with bitcoin more deeply.
Bitcoin mining, similar to gold mining, is a capital intensive process with highly specialized infrastructure. Methods of financing these endeavors are rapidly developing and often dictate how businesses survive, thrive, or die. This discussion will discuss equity, debt, and alternative financing structures for miners and some potential implications of each.