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

According to TheMinerMag data, 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 third-quarter spending hitting a new high since the first quarter of 2022. 16 mining companies have raised more than US$5 billion in total and have spent US$2 billion on hardware upgrades since 2023. Recently, many mining companies have increased their investments. Bitfarms has signed a hosting agreement with Stronghold to add 10,000 Bitcoin mining machines in Pennsylvania. CleanSpark plans to build a 400-megawatt mining infrastructure, and Hive Digital has purchased 6,500 ASIC mining machines for its new facility in Paraguay. (Cointelegraph)