I Lost $500K Mining Bitcoin, So I Built This

In this episode, I’m sitting down with Beau Turner, co-founder and CEO of Abundant Mines. What starts as a conversation about mining quickly becomes something bigger: a deep exploration of what it means to convert energy into sovereignty.

Beau’s path here wasn’t easy. From real estate empires to catastrophic losses in sketchy mining operations. Now he’s on the other side, helping everyday investors participate in something that was once reserved for industrial giants. This isn’t just about hash rate and electricity costs. It’s about conviction. It’s about understanding that while everyone else is chasing narratives, there are people quietly building the physical backbone of a monetary revolution.

If you’ve ever wondered what it takes to truly commit to Bitcoin, this conversation will show you."

––– Offers & Discounts –––

🎟️ BitcoinDay Tickets - 10% OFF
Join us at BitcoinDay (including the carnivore dinner!)
Use code: MATRIX
👉 https://pay.zaprite.com/pl_Rp6KoSWWOi

🏥 CrowdHealth - First 3 Months Just $99
Not insurance. Freedom. Take your power back. This is how we win.
Use code: MATRIX || https://joincrowdhealth.com

🛡️ Meanwhile - Bitcoin Life Insurance
The world's FIRST regulated Bitcoin life insurance
Use code: YTPFYD || https://meanwhile.bm/start?referralCode=YTPFYD

🔐 MicroSeed - Next-Gen Seed Phrase Security
Redefining how you protect your Bitcoin
Use code: MATRIX || https://microseed.io/shop/

🔑 Unchained - Get 10% OFF
Collaborative custody multisig vaults, Bitcoin loans & IRAs
Use code: MATRIX10 || https://www.unchained.com/matrix

💎 River - Up to $100 in FREE Bitcoin
Start stacking sats the right way
VISIT https://river.com/matrix

👕 Hodlers Official - Team Bitcoin Merch
Rep the best Bitcoin gear in the game
Use code: MATRIX for a discount || https://HodlersOfficial.com

🤝 Want to Sponsor the Show?
Support The Bitcoin Matrix and get in front of our community
VISIT https://thebitcoinmatrix.com/sponsors/

––– Support My Work –––

Paypal: https://www.paypal.biz/BitcoinMatrix
Strike/Bitcoin: [email protected]
Cash App: https://cash.app/$BitcoinMatrix
Venmo: https://venmo.com/u/bitcoinmatrix
PO Box: The Bitcoin Matrix, P.O. Box 18056, Sarasota, FL 34231

––– Get To Know Today's Guest –––

• Beau Turner on X: https://x.com/Beau_Turner21
• Abundant Mines Website : https://abundantmines.com/

––– Socials –––

• Check out our new website at https://TheBitcoinMatrix.Com
• Follow Cedric Youngelman on X: https://x.com/cedyoungelman
• Follow The Bitcoin Matrix Podcast on X: https://x.com/_bitcoinmatrix
• Follow Cedric Youngelman on Nostr: npub12tq9jxmt707gd5vnce3tqllpm67ktr0mqskcvy58qqa4d074pz9s4ukdcs

––– Chapters –––

00:00 - Intro
01:14 - Introducing Beau Turner
02:03 - Real Estate Background
07:53 - Falling Down the Bitcoin Rabbit Hole
09:50 - Proof of Work vs Proof of Stake
12:10 - Ad: Crowd Health
13:36 - Journey into Bitcoin Mining
18:18 - Benefits of Mining Bitcoin
21:41 - Mining Economics and ROI
25:05 - Hosting Services Experience
27:28 - Oregon Operations and Climate
29:43 - Ad: MicroSeed
30:10 - Bitcoin Mining as Investment
31:50 - Community Involvement and Greenhouse Project
35:39 - Multiple Locations Strategy
39:00 - Mining Pool Selection and Client Options
40:08 - Deployment Timeline and Process
43:55 - The Four Year Cycle Discussion
45:50 - Bitcoin in 2026
47:15 - Closing Remarks

I want to take a moment to express my heartfelt gratitude to all of you for tuning in, supporting the show, and contributing.

Thank you for listening!

The information in all The Bitcoin Matrix Podcast episodes and content is based on hypothetical assumptions and is intended for illustrative purposes only. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. This video is provided for entertainment purposes only. The information contained herein represents temporary, changing views and subjective impressions and opinions regarding the inherently uncertain and unpredictable issues discussed. The reader, user, and/or viewer must not assume that these contents are accurate, complete, timely, or up to date. Market conditions change rapidly and unpredictably. Nothing herein should be interpreted as any kind of offer, solicitation, commitment, promise, warranty, or guarantee whatsoever relating to any of the contents of these videos.

DISCLAIMER: INFORMATION PROVIDED BY THE BITCOIN MATRIX PODCAST IS PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND FREEDOM FROM INFRINGEMENT. The viewer of this video assumes the entire risk of any acting on any information contained herein. No representation is made that any regulatory authority has passed on the merits, adequacy or accuracy of this information. The viewer assumes all liability.