In the wake of a stormy period for Bitcoin miners, a recent report by Bloomberg indicates a renewed surge in mining activities and investments, driven by the ongoing bull run and the impending halving event in April.

$1B Invested on Expansion

According to Bloomberg, 13 leading mining companies have collectively invested over $1 billion in specialized computers since February 2023. CleanSpark Inc. and Riot Platforms Inc. have emerged as major players, allocating substantial sums of $473 million and $415 million, respectively, for mining rigs.

Notably, the primary objective behind this massive investment is to enhance operational efficiency and secure favorable electricity rates. Miners, who…

Read more on bitcoinnews