Blockspace: Why Anthropic Axed Mythos/Fable 5, IREN Seals 490MW Nostrum Acquisition, EPA Won’t Regulate Data Centers

**Colin** (0:05)
What's up, y'all? Welcome back to Blockspace Live, brought to you by CleanSpark. Everything's green, Charlie.
We went into the weekend with hope of a ceasefire and a peace deal, or rather a peace deal following the ceasefire. And it seems like this one might finally stick. So to start the show, we've got an update of the market for y'all from stocks to Bitcoin to interest rates. See how people are digesting the news that the Iran war could be soon closing.
We also have discussion of speaking of war and Claude's dastardly capabilities. Anthropic pulled the plug on Fable 5 and Mythos on Friday or Thursday last week after concerns from the US government that there was a vulnerability in a jailbreak of the latest frontier model. After that, we have Jay Patel of Lygos on to talk about a number of news items in the market, specifically the Iran war. Also, maybe we'll talk a little bit about the Anthropic news. And then we have a note on IREN completing a 490-megawatt acquisition in Spain. We have news of the EPA at Politico Summit saying, we're not going to do any wholesale regulation of data centers. We're going to leave that up to the states and localities. And then we'll wrap it up with a note on Core Scientific's Marble facility in North Carolina.

**Charlie** (1:24)
That's right. Blockspace goes live weekdays at 1 p.m. Eastern, featuring quick hits, stories, and guests in AI, Bitcoin, mining, emerging tech and markets. Make sure to like and hit subscribe. Hit the notification bell on YouTube to get the push notifications to your phone when we're live. And this is the last day you can find us on CoinDesk. So make sure to subscribe to the Blockspace feed.
Whichever search bar you are listening on and subscribe there. This show is brought to you by CleanSpark, Nasdaq listed ticker, CLSK, Collin. It's a green morning. So you know what that means. Boom. Green bar on the bottom of the screen.

**Colin** (2:12)
We love to see it.

**Charlie** (2:14)
Yeah, you love to see it. Now if you've been exposed to the stock market, you've probably had a great year so far. If you've been exposed to Bitcoin miners, former Bitcoin miners, now PowerShells, you've probably had an even better year. If you're stuck holding Bitcoin, finally today, you're not having a terrible day. In fact, let me show you right here. Crypto broadly is up. Pretty much all of the top 10 except for Tron are up. Bitcoin up 5% on the week, 67,000. Notably, we talked about this. We've been covering Zcash. Zcash was fully recovered to where it was when the Orchard Vulnerability Disclosure went out.
It's like it never happened. Doesn't matter. That's about why I have this about crypto. I think we got to go to SpaceX. This is the stock.
I was asked by a lady on the street in my neighborhood about SpaceX over the weekend. That is how common this topic is. Markets are now things you talk about with neighbors in passing.

**Colin** (3:30)
I feel like in prior markets, that's been usually indicative that it's time to sell. There's the joke that once your plumber is asking you about the hottest AI stock, maybe you should deleverage. But I don't know, man. The old rules seem to just continue to be eschewed by this market. We covered this in the newsletter last week. SpaceX is trading at 112x 2025 revenue, now even more since it's up on the day.
Most people can't wrap their minds around that. But as we've talked about before, the thing that's going to bridge the gap right now between their far-flung aspirations and the stars and actually grounding this company in reality currently is their AI business. I think more than anything, other than the fact that Elon Musk runs this company, people are looking at XAI and Starlink and saying that these are the things that give them hope in it right now, not necessarily missions to Mars. But it's also unsurprising given that there's probably just general tailwinds in the market generally, given news of hopefully an eminent peace deal in Iran. I want to share this really quickly, Charlie.

**Charlie** (4:38)
Yeah, there's been, I would call it a, it's a peace fire. I'm not really sure which one it is. It's a little, yeah, I think we're not going to shoot any more missiles, but we'll see.

**Colin** (4:48)
We had a lot of starts, but it seems like this one might actually stick.

**Charlie** (4:51)
It's really been like the boy who, the president who cried peace for the past like three months.

**Colin** (4:56)
Yeah, and even that there was some equivocating there where Trump said they were going to sign it on his birthday, maybe before the UFC fight on the White House lawn. But Iran said that no, it's going to come sometime in the next few days. It looks like there's supposed to be a peace deal, or there's supposed to be some sort of conference in Switzerland, I believe, to finalize it. But all that being said, markets are reacting favorably to it. The chance of a rake hike in 2026 have fallen to 32% as people's inflation fears are moderating. If the Strait of Hormuz is opened up under the current deal after it's signed, Iran has 30 days to open it. And then there's going to be 60 days to follow on talks for more specifics on the deal.