**Mohammed Bakhashwain** (0:00)
The fortunate thing about us is, whoever buys the chips is going to need our capacity. And if they don't have capacity, they're not going to have the chips. So we sit in a market-neutral position to that problem.
**Kevin O'Leary** (0:11)
Whichever chain establishes their protocol in at least one large company in each sector, you want to own that chain. Because as far as enterprise is concerned, they don't consider crypto on blockchain to enterprise software. It's inventory management. It's contract control.
**Tony Edward** (0:35)
This episode is brought to you by ITRUST Capital. ITRUST Capital allows you to invest in crypto as well as precious metals like gold and silver via an IRA.
And this gives you huge tax advantages. So you can invest in over 90 crypto assets including Bitcoin, Ethereum, XRP, Solana and many more. You also get access to stable coins such as Circles USDC and Ripples RLUSD. And as it relates to precious metals, you can invest in gold and silver and these are the physical assets. So you're not investing in paper gold and silver. So on this platform, you can redeem the gold and silver if you choose to. And not many platforms offer that. Now the big advantage to investing via ITRUST Capital's IRA is the huge tax advantages. Many of you know you incur capital gains taxes when you sell at a gain. Well, you can minimize the effect of some of that by doing it via an IRA, especially if you have a long-term view on crypto as well as precious metals. And you can buy and sell crypto and precious metals 24-7. It's low cost and no monthly fee. So this is a great option to get exposure to these two great asset classes. And in addition, they have a great custody solution. It's called premium custody account. So it uses institutional-grade crypto custody, such as Coinbase Prime, which BlackRock leverages. Itrust also uses Fidelity Digital Assets as well as Fireblocks. And it's a closed-loop system. So if someone hacks into your account, they can't withdraw funds. I believe this is the second safest way to custody your assets right behind self-custody, where you control the private keys. And within the custody account, you can buy and sell 24-7, it's low fees. So this is a great option for custody of your assets. And you can sleep at night knowing that you're getting the institutional-grade custodial services. So once again, two great products here from iTrust Capital, the IRA, where you can roll over your existing 401k or IRA to iTrust Capital's version, getting the huge tax advantages and the institutional custody. And folks, if you sign up with my link at itrustcapital.com/go/thinkingcrypto, you could get a hundred dollar funding bonus. I have an account with iTrust Capital, so I encourage you to go check out iTrust Capital, learn about their services and see if it's right for you. Again, you can get a hundred dollar funding bonus by signing up via my link, which is itrustcapital.com/go/thinkingcrypto.
Link will be in the description.
Hi, everyone. Welcome into the Thinking Crypto Podcast. I'm Tony Edward.
**Amanda Wickroft** (3:03)
And I'm Amanda Wickroft.
**Tony Edward** (3:04)
And joining us is Kevin O'Leary, who is a well-known entrepreneur and investor, chairman of O'Leary Ventures and an investor on Shark Tank. And with him is Mohammed Bakhashwain, who is the founder, president, and CEO of Bitzero, which is a future-ready data center company with extensive experience in Bitcoin mining and the high-performance computing sector. Gentlemen, great to have you both.
**Mohammed Bakhashwain** (3:28)
Thank you. Thanks. Good to be here.
**Tony Edward** (3:31)
Mo, I would love to kick it off with you. Can we talk about Bitzero and, you know, your background and what led to the founding of Bitzero?
**Mohammed Bakhashwain** (3:39)
Absolutely. So, my background comes from a very, you know, conventional business, which is real estate.
Done some creative structures around, you know, closing the gap between finance and real estate through securitization for a while. Alongside financial services and crypto, I was a part of a financial intermediary in Switzerland that focused on crypto products and services. We had an OTC exchange, we launched some DeFi products, did some advisory on tokenization, and that business went more towards the financial services, which lacked the tangibility of my background being in real estate. So that pushed me to exit that business and immediately find the perfect marriage which is powered land and Bitcoin mining. So that brought the two things that I liked the most or had the passion for together. So hard asset, real estate, power, and with an ownership model, which is back then a lot of Bitcoin miners were leasing their facilities rather than owning them. We went directly for an ownership model, thinking of those assets, even outlasting certain bear cycles of crypto and also serving other industries, which we're seeing the fruits of today.
35 more minutes of transcript below
Try it now — copy, paste, done:
curl -H "x-api-key: pt_demo" \
https://spoken.md/transcripts/1000651996090
Works with Claude, ChatGPT, Cursor, and any agent that makes HTTP calls.
From $0.10 per transcript. No subscription. Credits never expire.
Using your own key:
curl -H "x-api-key: YOUR_KEY" \
https://spoken.md/transcripts/1000775790441