Large public mining companies have spent more than $3.6 billion on infrastructure upgrades since January. Most of the funds were spent on purchasing new equipment.

Since the beginning of the year, 16 of the largest public mining companies have attracted over $5 billion in investments. The funds were obtained through equity and debt financing.

Thanks to the extracted assets, miners were able to modernize their industrial facilities and build new data centers. According to the companies’ income reports, over $2 billion was spent on technical re-equipment.

The increase in infrastructure spending coincided with record levels of Bitcoin mining difficulty and hashrate. According to TheMinerMag analysts, the Chinese company Bitmain

is the leader in the supply of mining equipment and it is from this manufacturer that large companies most often purchase devices.

Previously, specialists from one of the largest American banks JPMorgan reported that in the first half of November, the Bitcoin mining profitability indicator – hashprice – increased by 29%, which was facilitated by a steady increase in the cost of Bitcoin and an increase in the share of transaction fees.