Hillcrest Merchant Partners’ Post

On September 3rd, Bitcoin’s network hash rate surged to a record-breaking 740 exahashes per second (EH/s), even as Bitcoin prices remain under $60,000. Despite a recent 10% price dip, the network fundamentals remain strong, with major mining companies like WhatsminerMicroBT.com rolling out advanced machines to boost their mining power. Notably, Riot Platforms, Inc. acquired Block Mining, Inc. for $92.5M to enhance its hash rate and market presence. This hash rate milestone highlights growing confidence in Bitcoin's long-term sustainability, reflecting miners’ commitment to expanding infrastructure and securing the network. Hillcrest continues to be bullish on the Bitcoin sector and our portfolio company, Matador Gold Technologies, is looking to invest and grow within the ecosystem. #Bitcoin #CryptoMining #Hashrate #Blockchain #BTC #Innovation

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