This week’s Crypto Biz looks at the wave of applications for a Bitcoin spot ETF, the most recent centralized exchange (CEX) launch in the U.S., and CleanSpark’s aggressive mining expansion despite the bear market.
Crypto mining firm CleanSpark continues its aggressive infrastructure expansion in the U.S. byin a $9.3 million cash deal. The facilities will host over 6,000 Antminer S19 XPs and S19J Pro+s, which are expected to add about one exahash per second to CleanSpark’s hash rate following the deal’s completion. According to Zach Bradford, CEO of CleanSpark, the newly acquired infrastructure will enable the company to reach its target of 16 EH/s by the end of 2023.
Cryptocurrency exchange Geminiinto the Asia-Pacific region by increasing the staff at the firm’s Singapore office and establishing an engineering division in India. In a blog post, Gemini hinted at “larger” plans for expanding into the region in the next 12 months. “We believe that APAC will be a great driver of the next wave of growth for crypto and Gemini,” said the exchange. Gemini seemed to be exploring different markets amid the crackdown on many crypto firms in the United States.
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