Ethereum Miners Make Multimillion-Dollar Bet on Upgrade Delay

Major bitcoin (BTC, +5.92%) mining firms and miner manufacturers are increasing their investments in ethereum (ETH, +8.06%) mining despite the second network’s impending switch to proof-of-stake.

Public bitcoin mining companies Hut 8 and Hive are increasing their capacities to mine the second-largest cryptocurrency by market cap. In the meantime, miner makers like Bitmain and Innosilicon are set to release new ethereum mining machines later this year.

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