Major miners will increase the hash rate by half already this year

  • Ultramining.com
  • 16:41 Oct 10, 2022
  • 312
Major miners will increase the hash rate by half already this year

About 20% of BTC miners work for companies listed on the world's leading exchanges.

According to Arcane Research, publicly traded bitcoin miners whose securities can be found on U.S. and U.K. exchanges have a combined hashrate of 54 EH/s. This once again confirms that one in five miners operate within such companies.

Major mining corporations plan to increase the hashrate by 50% by the end of the year, thus reaching the figure of 80.7 Eh/s. As a result, this sector of the economy will become the fastest-growing. Including from the position of growth of investments and capital investments.

Greenidge is going to raise about $22.8 million through a stock sale. The underwriter in this deal is B. Riley Securities.

Another major company, Iris Energy, is looking to raise $100 million and is looking for BTC mining properties to buy.


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