- BTC still lays low.
- BTC mining firms of the U.S are at its peak.
- Profuse investments upon mining machines rises.
The king of the crypto, the Bitcoin (BTC), is indeed lying low. Currently BTC is at its lowest for the past three months taken into account. Not only the BTC, but the entire crypto industry, altcoins are now suffering miserably. Profusely due to the ongoing war on Ukraine by Russia.
Despite the market being bad, and the current condition of the BTC for the past few days, the mining activity is actually on the rise. On the contrary, the investment into the machines for the mining activities for BTC are at its peak in the U.S.
U.S BTC Mining Rise
It’s a well known fact that the U.S, actually stands for a large percentage of overall BTC mining around the world. Many BTC hub centers include Miami, New York, and much more. In spite of this, currently over the past few days most of the mining firms of the U.S have started to procure more and more mining machines.
This sudden rise in the interest to increase the already high BTC mining and BTC mining hashrate, directly corresponds to the current low sunk price of BTC. It’s evident that people are actually trying to get their hands on BTC, and as much as they can, as the prices are low. Besides lower prices, the demand on the other hand is also kind of moderate.
Even though there persists a fear among the crypto buyers, in terms of the volatility of the BTC, yet there exists people who still are demanding for more and more. Citing all this, being the most appropriate time to increase their BTC mining hashrate, U.S based mining firms are fighting with each other, to get as much as machines as they could.
Accordingly, the GEM Mining group of enterprises, a prominent BTC mining firm of the U.S, states that their sole aim is to completely ramp up and double their BTC mining , subsequently the hashrates too.
In addition, Marathon Digital, the top BTC mining firm of the U.S, states that they are in the process of establishing new rig machines all over new sites. Also, the Vice President of Marathon Digital, Charlie Schumacher reveals that they have bought about 200,000 new machines especially for BTC mining alone!