Miners have begun a period of record power absorption

Home / Miners have begun a period of record power absorption

Since February 2023, 13 leading mining companies have placed orders for more than $1 billion worth of specialized equipment

Specifically, CleanSpark and Riot Platforms have spent $888 million on equipment.

The miners also began consuming record amounts of energy.

They used 19.6 gigawatts of electricity last month, compared to 12.1 gigawatts during the same period in 2023.

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