# #143 Bitcoin Mining, Trading, and Market Signals with Nate Slemp of BTC Management

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Podcast: [Alt Funds Network](https://stenobird.com/podcast/alt-funds-network-6503747)
Published: 2026-04-24T05:00:00+00:00
Episode link: https://altfunds.io/episodes/143-bitcoin-mining-trading-and-market-signals-with-nate-slemp-of-btc-management-1L6Uwfl9
Audio file: https://cdn.simplecast.com/media/audio/transcoded/0464ed47-c2ab-46cf-ad4b-764e80811bff/376b141b-aa11-4686-8a52-449a3ea1a713/episodes/audio/group/ee21de60-78d2-4ddc-81b1-22d7ca36a7f4/group-item/10c76a92-ee9c-40ec-8e0d-632424855fbd/128_default_tc.mp3?aid=rss_feed&feed=pR4BJY_p
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Duration seconds: 2971

## Resource

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.

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## Transcript

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