This Week in Mining - Schwab, Fidelity, and Vanguard buying mining stocks, Riot continues to expand

This is a weekly update on all the interesting news in the mining industry by Thanks to Voskcoin for letting us post this here. If you’d
like to receive this through your email, sign up for our newsletter
Here is this week’s news from the industry:

  1. Charles Schwab, Vanguard, and Fidelity have been buying up shares in publicly traded mining companies including Riot Blockchain, HIVE, and Hut 8.
  2. Riot Blockchain has been continuing to expand their operations, with the most recent purchase of 2,500 S19 Pros. These mining rigs are set to be delivered in December, with already pending orders being delivered this month.
  3. Ethereum (ETH) hashrate has hit an all time high at more than 250 TH/s according to Glassnode. It’s speculated that the current gas prices and DeFi hype have led to this surge in hashing power. According to F2Pool, it is currently around 3 times more profitable to mine ETH than Bitcoin.