Bitcoin Miners Don Close Hashrate Gap for 326 EH/s as Debt Reach $12.7 B
After di 2024 halving, Bitcoin miners like Cipher Mining, Bitdeer and HIVE Digital don double dia realized hashrate from last year to 326 EH/s, wey mean almost one-third of di whole network power. Dem miners don improve dia infrastructure and dem expand operations to grab bigger market share. At di same time, sector debt don jump to $12.7 billion from $2.1 billion as firms dey invest in new generation rigs and switch inside AI plus high-performance computing hosting to secure steady, long-term money flow. Realized hashrate, wey be important measure of mining efficiency and how much money fit come, still dey important before third-quarter earnings. Di joining together big hashrate and rising mining debt show say competition dey tight as dem dey try increase capacity or else dem fit lose ground to better-financed rivals.
Bullish
Dis news na beta because di mid-tier Bitcoin miners double dia realized hashrate, wey go strengthen di network security plus e mean say dia operations dey grow well well. Di strategic investment dem for next-generation rigs and AI hosting for multi-year contracts dey improve how dem fit see revenue. Even though debt dey rise and e fit increase financial risk, e still show say di whole sector dey try scale and innovate, wey go support price long term troway strong fundamentals.