Expect further equity financing to fund hashrate growth
Mining stocks recover from recent sell-off, eyeing new yearly highs.
Bitcoin's daily production benchmark dropped to an all-time low below 2 BTC/EH/s in January.
Ten-folded From $76M to $775M
Since the New Year, bitcoin mining firms have continued doubling down on miner purchases while securing options to lock in cheaper prices
In February 2022, Iris Energy expected 10 EH/s to be operational by early 2023. It is now moving closer to that goal – by Q2 2024.
Texas alone is set to add at least another 500 MW by Q2.
Bitmain and MicroBT Set for Revenue Boost
The market cap of the top 12 mining stocks by trading volume also sets new highs over $12 billion on Monday.
The sales are the most recent notable liquidations from a public mining company's core executive teams.
The latest Miner Weekly issue features the strong market performance of bitcoin mining stocks
The order follows the previous purchase of 1.4 EH/s in Bitmain's S21 bitcoin miners