July 6, 2022, 10:11AM EDT
• 9 min read

The Current State of Bitcoin ASIC Marketplace

Quick Take

  • Apart from declining profitability, mining companies are also bleeding on the equipment front as ASIC miner value depreciates.
  • Meanwhile, the hefty remaining equipment payables have started to cause some companies to step back from previous expansion plans.
  • Mining companies’ spendings on property, plant and equipment have already slowed down over 22’Q1 compared to 21’Q4.
  • In this piece, we take a further look at the current state of the bitcoin ASIC miner marketplace.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here