Bitcoin mining is not what it used to be. In boom times, sustainability, or even using heat as a by-product might not have been top of mind.

Times have changed.

44 West Mining CEO Jamie Terranova, recently discussed the evolving world of bitcoin mining with Roundtable anchor, Rob Nelson on the sidelines of the Bitcoin Conference in Nashville. The conversation highlighted the remarkable growth and changes in the industry over the past few years, providing a glimpse into the future of decentralized mining and its potential economic impact.

Nelson began by reflecting on the rapid advancement from desktop mining to companies with hundreds of millions of dollars in infrastructure. Terranova confirmed this evolution, emphasizing the amazing development over the past two years. "The infrastructure build has been staggering," Terranova remarked, referencing their 20-megawatt site started in 2022.

The conversation then shifted to the consolidation trend within the industry. Nelson speculated on larger players absorbing smaller miners due to the substantial power and infrastructure required. Terranova concurred, noting the benefits of involving various regional utilities and territories in mining operations.

The conversation also touched on innovative uses of mining infrastructure, such as integrating mining operations with greenhouses and other heat-consuming facilities. Terranova predicted a rise in such projects, noting the potential for smaller-scale implementations like heating units in residential buildings.

Addressing the challenges faced by smaller miners, Nelson expressed concern about industry consolidation. He questioned whether smaller operations could remain profitable amid competition from larger, publicly funded companies. Terranova acknowledged the difficulties but remained optimistic. He emphasized the importance of strategic planning and timing in investments to avoid falling behind in technology.