Welcome back to The Blockspace Podcast! Today, we break down Cipher Digital’s plan to build 2.5 GW of gas pipelines to expedite its data center buildouts, including which sites will most likely benefit from the behind-the-meter generation. We also cover IREN’s latest $2.8B GPU financing round, whether or not the AI bottleneck trade is dead, and Nscale’s reported $103B in contract backlogs ahead of its September IPO. Plus, Senator Bernie Sanders has proposed a cap on AI intelligence to keep it below human IQ.

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