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Bitcoin Miners Approach $40B Market Cap as Difficulty Set for Fifth Straight Increase

The bitcoin hashrate is still soaring as mining difficulty looks to increase for a fifth consecutive time.

By James Van Straten|Edited by Sheldon Reback

Updated Nov 28, 2024, 12:27 p.m. Published Nov 28, 2024, 12:26 p.m.

Coinmint, a crypto data center in upstate New York, is set to host a portion of new miners from Riot’s Oklahoma City facility. (Credit: Shutterstock) — Crypto miners are facing higher costs as mining difficulty increases. (Shutterstock)