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TheBlock

2021-02-16 22:13:42

$500 million and rising: Institutional investors place big bets on bitcoin mining

$500 million and rising: Institutional investors place big bets on bitcoin mining

Quick TakeAt least 10 institutions have placed additional bulk pre-orders for the most powerful bitcoin mining hardware since Q4 2020Such investments are estimated to have cost institutions more than $500 million to dateThese machines could in total add another 20 EH/s of computing power at full deployment by the end of 2021

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