$500 million and rising: Institutional investors place big bets on bitcoin mining
February 16, 2021, 5:13PM EST · 4 min read
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 News+ to
Unlock this Feature
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.
Bitcoin
Institutional Investing
Mining
