Michael Intrator
👤 SpeakerAppearances Over Time
Podcast Appearances
you know, we're pretty nerdy, we kind of dig under the hood and we started to get interested in the security layer.
We looked at Bitcoin and the mining for Bitcoin and we didn't like it.
We looked at Bitcoin and the mining for Bitcoin and we didn't like it.
We just thought that like, there's some brilliant engineer that built the ASIC and they're probably gonna be better at running it than we are.
We just thought that like, there's some brilliant engineer that built the ASIC and they're probably gonna be better at running it than we are.
So we really began to focus on the GPUs
So we really began to focus on the GPUs
mostly because the GPUs were, you can mine Ethereum with them, but you could also do all these other things.
mostly because the GPUs were, you can mine Ethereum with them, but you could also do all these other things.
And really, so right from the start, we looked at the compute as an option to be able to deploy our computing power to different use cases.
And really, so right from the start, we looked at the compute as an option to be able to deploy our computing power to different use cases.
And so, you know, began the company in 2017, you know, spent the first kind of three years
And so, you know, began the company in 2017, you know, spent the first kind of three years
mining crypto, went through a couple of crypto winters.
mining crypto, went through a couple of crypto winters.
Because we had come from a hedge fund, we have real chops in risk management and how we think about capital and risk exposure and allocation and all of that.
Because we had come from a hedge fund, we have real chops in risk management and how we think about capital and risk exposure and allocation and all of that.
And so we were really careful around that right from the start.
And so we were really careful around that right from the start.
So we weathered crypto winter really well and began to scale the company and immediately started to look for other use cases that you could use this compute for, because crypto was pretty volatile.