The Gold Mined (Michael Levitt)
Watch this and more on CSB Television https://www.csbtv.co/ • The Gold Mined S1E15 (Michael Levitt)
Cofounder, Core Scientific
Search every verified Mike Levitt interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Mike Levitt, co-founder, co-chairman, and CEO of Core Scientific, discussed the company's origins and operations in a series of interviews in 2022. He stated that the idea for the company originated with his partner Darren Feinstein, who identified a lack of high-quality, institutional-grade infrastructure for bitcoin mining in the United States. Levitt described the company's first facility as a shuttered textile manufacturing plant in North Carolina that was adapted for mining. He explained that Core Scientific both mines bitcoin for its own account and provides hosting services for other customers, arguing that scale allows the company to offer lower costs and higher uptime. During 2022, Levitt addressed the "crypto winter" and the company's decision to sell most of its bitcoin reserves in June. He said that miners, like other businesses, need to pay expenses in dollars and that selling bitcoin to maintain strong balance sheets was a sensible strategy during turbulent market conditions. He described the liquidations of firms such as Three Arrows Capital, Voyager, Terra Luna, and Celsius as "extraordinary events" but expressed optimism that companies that survive the downturn would thrive. Levitt also characterized bitcoin as a digital asset and a store of value, noting that the IRS and SEC do not treat it as a currency, and he predicted that blockchain technology would be adopted across industries due to its efficiency and security.
Watch this and more on CSB Television https://www.csbtv.co/ • The Gold Mined S1E15 (Michael Levitt)
Mike Levitt, CEO of Core Scientific, discusses why miners are selling their bitcoin, the crypto winter, and what's next for the industry. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage an…
Mike Levitt, CEO of Core Scientific, comes on The Blockchain Interviews, hosted by Dan Weiskopf. Learn more about Core Scientific: https://corescientific.com Follow Core Scientific on Social: Twitter: / core_scientific LinkedIn: / corescientific Follow Dan Weiskopf on Social: Twitter: / etfprofessor LinkedIn: / dan-weiskopf-45886111 Copyright © 2021 Toroso Investments, LLC. All rights reserved.
Mike Levitt, CEO of Core Scientific, comes on The Blockchain Interviews, hosted by Dan Weiskopf. Learn more about Core ...
Mike Levitt, CEO of Core Scientific, comes on The Blockchain Interviews, hosted by Dan Weiskopf. Learn more about Core ...
Is Bitcoin a commodity? What is a hash rate? How important is bitcoin miner location? Core Scientific CEO Mike Levitt comes on The Blockchain Interviews with Dan Weiskopf to discuss these questions and more. Learn more about Core Scientific: https://corescientific.com SHOW SPONSOR: TOROSO INVESTMENTS - Serving financial professionals with their ETF portfolio management, ETF selection and ETF development needs. Learn more: https://www.torosoinv.com Chapters: 0:00 Start 0:35 Introduction of Mike Levitt 1:25 Institutional Acceptance of The Blockchain 5:27 The Genesis of Core Scientific…
Mike Levitt, CEO of Core Scientific, comes on The Blockchain Interviews, hosted by Dan Weiskopf. Learn more about Core Scientific: https://corescientific.com Chapters: 0:00 Start 0:35 Introduction of Mike Levitt 1:25 Institutional Acceptance of The Blockchain 5:27 The Genesis of Core Scientific 16:25 Is Bitcoin A Commodity? 23:08 Hashrate Definition 26:53 Bigger Is Better In Bitcoin Mining 32:11 The Importance of Miner Location 38:23 Crypto Industry Consolidation 40:49 The evolving technology in crypto 46:49 Embracing the future of crypto 54:07 What will we look back on and see as obvio…
Sign in to search the full transcript archive, filter by topic, and access every quote from Mike Levitt.
The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →
Pro unlocks every transcript in full, plus unlimited search across every executive and company we cover.
50% off appliedPulling data at scale? The Data API gives you 30,000 transcripts a month over REST, MCP and JSON.
Compare all plans