U.S. Bitcoin Miners Flex Muscle in May—Infrastructure Expands as Hash Rate Soars
America’s biggest Bitcoin miners just posted a knockout May—racking up record output while aggressively scaling operations. These aren’t hobbyists in basements anymore; we’re talking industrial-grade players turning megawatts into digital gold.
Behind the surge: A perfect storm of upgraded hardware, strategic site acquisitions, and—let’s be honest—a crypto market that’s got Wall Street scrambling to justify its 20% ’blockchain exposure’ PowerPoint slides.
The real story? Infrastructure growth outpacing even the most bullish projections. New facilities are coming online faster than hedge funds can rebrand their metaverse ETFs. Meanwhile, the hashrate recovery suggests miners are all-in—betting big on Bitcoin’s next act.
Cynical take: Watch institutional investors suddenly ’discover’ mining stocks... right as retail gets priced out of the action.