• $500 million and rising: Institutional investors place big bets on bitcoin mining

    Quick Take

    At least 10 institutions have placed additional bulk pre-orders for the most powerful bitcoin mining hardware since Q4 2020
    Such investments are estimated to have cost institutions more than $500 million to date
    These machines could in total add another 20 EH/s of computing power at full deployment by the end of 2021

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