In this segment, filmed at The Jones Healthcare and Technology Innovation Conference, Vince Molinari had the pleasure of welcoming Jamie Terranova, the co-founder and CEO of 44 West Mining, for an in-depth discussion on the intricacies of Bitcoin mining and the unique role his family-owned business plays in the industry. Jamie shared the origins of 44 West Mining, founded in 2022 by himself, his two brothers, and their father. What began with hosted miners evolved into a full-scale operation as they established their own five-megawatt mining site in Wyoming.
We delved into the fundamentals of Bitcoin mining, where Jamie explained how miners use significant computational power to confirm transactions on the blockchain, earning Bitcoin as a reward. He highlighted the challenges faced by smaller, family-owned operations like theirs in competing against larger public miners, particularly in terms of scale and access to capital markets.