Public mining companies are set to report positive results in their December updates early next month.
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.
The net proceeds are intended for R&D, scaling product sales, and covering corporate overhead.
The company expects to complete the bid in January.
First phase of 100 MW is expected to be operational in Q1 ahead of halving
14.27% of Marathon's bitcoin rewards so far came from transaction fees bolstered by on-chain activities.
And half of that happened in two months
The contract comes weeks after Phoenix closed its $370 million IPO in the Middle East, boosting its market cap to over $3 billion.
Marathon may achieve another record production month in December
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.