Bitcoin’s price has been trending up since last weekend, briefly hitting $69,000 on Coinbase on Wednesday.
Similarly, based on quotes seen by The Block on WeChat, Chinese mining rig brokers have been asking for $100 per terahashes per second for Bitmain’s AntMiner S19 Pro.
“The continued shortage of physical rack space to plug in ASICs has resulted in a lag of rig prices relative to Bitcoin,” said Ethan Vera, co-founder and COO at Luxor.
The Block mapped out in August a Bitcoin mining infrastructure boom in North America, with multiple companies either building or planning to build nearly 3 gigawatts of power capacity.
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