How Bitcoin mining companies have initiated new power capacities in 2022

Episode 11 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Research Mining Analyst Wolfie Zhao.

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After a year of exponential growth, North American Bitcoin mining companies have raised billions of dollars in 2021 through equity and debt instruments to invest in both new top-of-the-line equipment and additional power capacities.

The latest special episode of The Scoop Mining Report features The Block Research’s mining analyst Wolfie Zhao and host Frank Chaparro as they discuss the state of mining in North America, which is steadily growing its market dominance with the state of Texas rising to be the new global hub for Bitcoin mining.

Some of the topics covered in this episode include:

1. The potential growth of the network’s hashrate in 2022
2. The current power capacity supply crunch
3. The rise of traditional energy companies that are increasing their market shares in Bitcoin mining

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.