Major Bitcoin miners announced hashrate expansions

These companies aim to reach a hash power of around 37 EH/s by the end of 2024.

Hashrate measures the processing power of miners to work on the Bitcoin network.

These are the companies CleanSpark, Riot Platforms and Compass Mining.

As the bitcoin (BTC) hashrate remains near its all-time high (ATH), mining companies of this crypto asset are forced to increase their processing capacity to remain competitive and profitable.

In response to this challenge, three companies in the sector have announced in recent days their plans to increase their hash rate to 37 EH/s (exahashes per second) by the end of 2024. This increase in processing power is also accompanied by an increase in the energy used, measured in megawatts (MW), reflecting the growing energy demand in Bitcoin mining. The historical evolution of the bitcoin hash rate can be seen in the following graph provided by the online platform mempool. On September 3, 2024, as reported by CriptoNoticias, this metric marked its ATH, when it reached 715.89 EH/s (exahashes per second). What are the improvements that these companies are carrying out?

These are the companies CleanSpark, Riot Platforms and Compass Mining. Initially, CleanSpark has announced between September 11 and 12, 2024 its latest innovations related to bitcoin mining. Among them, the activation of the final 50 MW phase of its 150 MW expansion in Sandersville, Georgia, United States.

In addition, Zach Bradford, its CEO, stated that he plans to increase the hashrate to 37 EH/s by the end of 2024. According to Bradford himself, CleanSpark's current hashrate is 23 EH/s.

#MineríaDeBitcoin #hashrate #Minería #EEUU $BTC #MarketSentimentToday