MICA Daily | New high! BTC miners have invested $3.6 billion in capital this year.

With the soaring price of BTC, the profits of Miners have risen. The capital expenditure required for the expansion and upgrade of Mining Farms has also increased. Since early 2024, listed BTC mining companies have invested over 36 billion USD in asset equipment, including Mining Rig upgrades, data center improvements, and infrastructure expansion.

According to a report by TheMinerMag on November 28th, spending in the third quarter of 2024 reached $1.226 billion, only $20 million less than the $1.246 billion set in the first quarter of 2022. When considering CleanSpark’s financial report, the total investment in the first nine months of 2024 has reached $3.49 billion, far exceeding the $900 million spent in 2022.

Expenditure surged as BTC network Computing Power reached a new high, and Mining Difficulty surpassed 101.6 T on November 5th. To maintain competitiveness, enterprises mainly allocate funds to hardware upgrades and expansion. Pre-order data indicates that Mining Farms have invested over 2 billion USD in ordering the latest Mining equipment, with the majority coming from Chinese Mining Rig manufacturer Bitmain. In the future, in response to Trump’s ‘Made in America’ slogan for BTC, American Mining Rig chip designers may seize more market share through this.

Disclaimer: The article only represents the personal opinions of the author, not the objective viewpoint and position of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Block will not be responsible for any direct or indirect losses caused by investor transactions.

<MICA Daily | New high! BTC miners’ capital investment reaches $3.6 billion this year> This article was first published in Blocktempo.