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Shanon Squires
BSB MemberChief Mining Officer
About
Shanon became Compass Mining’s Chief Mining Officer in December 2023, following his exceptional work as Procurement Manager. Shanon oversees all aspects of mining operations, from energy acquisition to partnerships. Since entering the Bitcoin mining space in 2017, Shanon has established himself as a prominent leader, known for his ability to navigate the complex challenges of energy acquisition, co-location strategy, and cultivating international relationships. His expertise in optimizing energy use and building sustainable, scalable mining infrastructure makes him a sought-after speaker on industry panels, where he addresses key trends in mining technology and global energy markets.
Speaking Topics
1) Capital allocation into bitcoin mining.
- historically funds and family offices would purchases miners and place them in hosting facilities. This is higher cost but assumed lower exposure to operations. Can give financial examples
- better approach tax advantaged SPV that allows 100% depreciation in year one of almost the entire Bitcoin mining farm. Offsetting current US tax liability with a cash (Bitcoin) flowing business. Significant cost savings owning infrastructureoperationsmanagement softwareetc to be full stack.
- Roll up strategy. US hosting and managed services is fragmented. Mergers and acquisition of the top tier hosting and services providers allow for needed market consolidation and significantly improved operating costs.
2) managed services. It no longer makes sense for institutional companies or individuals to just place miners in someone’s farm. The future is investor owned sitesthe problem is operational experience and purpose built software.
-We would announce the use of proprietary in house miner management software that is included in all operations and a road map for releasing it. Including the software as a service is a cost savings of day to day operations.
-detail operations as a service
-site/opportunity pipeline when competing with AI
-how to be the miner of last resort.
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Bitcoin Mining is Hard: trials and tribulations of Bitcoin Mining.
- what it was like buying miners from 2017 to now.
- scammersfraudsand bankruptcies
- what it takes to succeed
- current investment outlook and trends
Cloud Mining: Is it a security?
- the history of cloud mining
- Scams
- SEC enforcement
- cloud mining today
- why isn’t it the same as renting compute from any data center?
BTC treasuries and why they need to own Bitcoin Mining
- From MSTR to Nakamoto SPAC and Twenty One Capital- what happens when there’s not enough Bitcoin for them to buy
- Mining will be the lowest marginal cost to acquire Bitcoin
Fire Side Chat or Panels-
(Any of the above can be a panel or fire side chat as well & I’m happy to help find other speakers)
To AI or not to AI: The convergence of Bitcoin Mining and AI
- development costs and timelines
- power and data requirements
- who are the AI clients buying the capacity created by the hype?
- Bitcoin Mining to quickly monetize future AI sites
Bitcoin Mining a Global Outlook
- USUAEChinaParaguayAfricaKazakhstanGeorgiaRussia
- is the geopolitical risk worth the power rate?
- where will mining be in the future
Investment in Bitcoin Mining:
- has AI/HPC stifled hashrate growth?
- how should Bitcoin Miners be valued ?
- will the industry consolidate?
- why isn’t Bitcoin Mining Exciting
new power generation
utilitiesnuclear
other areas to manufacture: Canada and Mexico
power ratesgrid operators
grid operators
mobile freedombitcoin ethos
how close can you get to cloud miningrental
people who deal with power in the middle east
geopolitical risk when operating mining
Categories
Mining/Energy
Speaker Info