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Bitmain CFO: 16 Listed Companies Already Control More Than 30% of Bitcoin Computing Power

Max Hua, CFO of Bitmain, stated at the World Digital Mining Summit (WDMS 2023) held on September 22 that as of June 30, 2023, 16 listed companies have already controlled more than 30% of Bitcoin's computing power, an increase of 10% from early 2022 when these companies held about 20% of Bitcoin's computing power.

He also said that with the growth of the mining industry, some mining farms have reached a capacity of 500 megawatts. Energy constraints should be the next obstacle for the development of the Bitcoin mining industry, so the industry will move upstream to seek cooperation with more energy companies or invest directly in the energy industry.

Bitcoin Bitcoin $99,396.04
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