One of today’s most rapidly expanding new markets within the bourgeoning blockchain industry is undoubtedly cryptocurrency mining.
Now that crypto is here to stay (with roughly 13% market saturation in the US….and predicted 23% by 2023), cryptocurrency thought leaders and government regulators alike are all seeking ways to make the system of mining coins like bitcoin more efficient.
There is a huge amount of current capital deployment going into such areas. Recently, the firm Marathon Digital built a system of 73,000 bitcoin miners. The firm is currently sitting on a market cap of 5B and with the expansion, it is primed to double its current operation.
Closely trailing Marathon Digital is the rapidly growing Australian firm BTC Mine Australia. The brainchild of serial entrepreneur Andrew Parry- the former CEO of On Solar- BTC Mine Australia (or BTC Mine Au) is mining bitcoin at the peak efficiency in the market currently thanks to its Z Pro Technology.
Parry notes that conditions- such as more favorable regulations from the Australian government as well as widespread calls to action across the international finance community for a more sustainable mining operation of bitcoin- point a bright future.
“We are very excited by the tide of the industry right now and with our front running position into it. 2022 should be a record year for the growth of sustainable bitcoin mining and we plan to accelerate that outcome.”
This article is provided for informational purposes only and should not be interpreted as investment advice. All investments involve risk of loss. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
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Read More:BTC Mine Australia Accelerates The Expansion Of Sustainable Bitcoin Mining
