Two significant mining companies, Riot Platforms and CleanSpark, are putting new mining equipment into service in anticipation of the April halving event. The primary result of this event will be a double decline in the mining reward at the designated time, from 6.25 BTC to 3.125 BTC.
Riot Platforms increased the hash rate at its Rockdale, Texas plant by acquiring additional mining hardware from MicroBT. By installing new miners in place of the outdated ones, the expansion aims to increase the overall hash rate to 31 EH/s by the end of 2024.
By acquiring three sizable data centers in Mississippi, CleanSpark increased the scope of its business and raised its anticipated operational hash rate to 2.4 EH/s.
“CleanSpark is also sprinting to add more hash rate as quickly as possible,” CEO Zach Bradford added in a press release. The company has been able to achieve a hash rate exceeding 15 EH/s as a result.
The X platform has verified this as well:
The two companies aim to limit their money flow by reducing their power usage levels and mobilizing additional hash rates prior to the halving event.
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