$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
This feature story is available to
subscribers of The Block Daily.
You can continue reading
this Daily feature on The Block.
Go to Source
Author: Wolfie Zhao
