This Week in Mining: October 5th

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.