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 – the 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 biggest hub for Bitcoin mining.
Some of the topics covered in the episode include:
- The potential growth of the network's hashrate in 2022
- The current power capacity supply crunch
- The rise of traditional energy companies that are increasing their market shares in Bitcoin mining
Episode 11 of Season 4 of The Scoop's Mining Report was recorded remotely with The Block’s Frank Chaparro and Research Mining Analyst Wolfie Zhao.
Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.
This episode is brought to you by our sponsors Fireblocks, Coinbase Prime & Chainalysis
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com.
About Coinbase Prime
Coinbase Prime is an integrated solution that provides institutional investors with an advanced trading platform, secure custody, and prime services to manage all their crypto assets in one place. Coinbase Prime fully integrates crypto trading and custody on a single platform, and gives clients the best all-in pricing in their network using their proprietary Smart Order Router and algorithmic execution. For more information, visit www.coinbase.com/prime.
About Chainalysis
Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 60 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.
