16 listed crypto miners have spent $3.6 billion on fixed assets so far this year

According to TechFlow, on November 29, Cointelegraph reported that according to data from TheMinerMag, listed mining companies have invested a total of US$3.6 billion in fixed assets such as plants and equipment (PP&E) since 2024, with spending in the third quarter reaching a new high since the first quarter of 2022. 16 mining companies have raised more than US$5 billion in funds and have spent US$2 billion on hardware upgrades since 2023.

Recently, many mining companies have increased their investments. Bitfarms signed a hosting agreement with Stronghold to add 10,000 Bitcoin mining machines in Pennsylvania. CleanSpark plans to build a 400-megawatt mining farm infrastructure, and Hive Digital purchased 6,500 ASIC mining machines for its new facility in Paraguay.