Since the beginning of 2024, publicly traded bitcoin mining companies have spent over $3.6 billion on equipment and infrastructure. 🚀 Investments in Q3 2024 nearly reached the record set in Q1 2022, and analysts expect that the addition of CleanSpark data could set a new record.

The increase in investments is related to the growth of the network's hash rate and mining difficulty. A large portion of the funds was spent on upgrading equipment, despite delays in shipments from China. 🏗️