$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
North American institutions have already invested more than $500 million into top-of-the-line bitcoin miners over the past few months alone.

Subscribe to The Block to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly

Annual

$
per year
Join Now

Monthly

$
per month
Join Now

Questions?

If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

More