Summary
- 16 Bitcoin (BTC) mining equipment companies have supported a total of $3.6 billion in major asset (PP&E) upgrades over the past two years.
- The third quarter of this year was reported to have the largest scale of PP&E support since the first quarter of 2022.
- It was explained that mining equipment requires upgrades every 3-5 years to maintain performance.
On the 28th (local time), the professional media outlet Cointelegraph reported, citing TheMinerMag, that 16 Bitcoin (BTC) mining equipment companies have collectively supported a total of $3.6 billion in major asset (PP&E) upgrades, including mining equipment and facilities, over the past two years.
In particular, the third quarter of this year marked the period with the largest scale of PP&E support since the first quarter of 2022.
Additionally, the main support items for the mining industry were confirmed to be mining equipment upgrades.
The report stated, "Typically, mining equipment requires upgrades every 3-5 years to maintain performance."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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