Episode
#143 Bitcoin Mining, Trading, and Market Signals with Nate Slemp of BTC Management
- Podcast
- Alt Funds Network
- Published
- Apr 24, 2026
- Duration seconds
- 2971
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Summary
Background: Nate started bitcoin for over a decade. Description: Mike Schroeder and Skyler Steinke interview Nate Slemp, CIO and founder of a Bitcoin long-duration fund, about his path from building custom hardware servers to Bitcoin mining and eventually trading. Nate explains how he built a mining operation using a TVA rebate program, scaling to about six megawatts at under 3 cents/kWh, and why mining is capital-intensive with thin margins.He outlines his fund’s objective to accumulate more Bitcoin over time by taking the opposite side during periods of high volatility and using debt-based leverage with careful timing informed by mining-market signals. Nate shares a high-level Bitcoin thesis focused on Bitcoin as a major paradigm shift, discusses why he is currently very bullish and models $1M Bitcoin around 2032, addresses quantum computing as a misunderstood but solvable threat, and describes mining as a race toward zero that may increasingly monetize waste energy and heat reuse.