U.S. Bitcoin mining will see growth for years to come - Sabre56's Phil Harvey

- Bitcoin has once again been thrust into the spotlight of financial markets thanks to multiple spot BTC exchange-traded fund applications being filed by some of the world’s largest asset managers, including BlackRock and Fidelity, but its price continues to struggle to overcome resistance at $31,500.

While many in the crypto industry would like to memory-hole the events of the past two years, Harvey said they were “a transformative period for the Bitcoin mining industry” despite the fallout from the FTX collapse, which he said “amplified the cooling commonly observed after the bull run in crypto markets.”

Arkon Energy is currently focused on building its own hosting facilities across Wyoming, Ohio, and Texas, and Sabre56 has the goal of “professionalizing the Bitcoin mining industry wherever it can,” he said.When it comes to sentiment within the U.S. Bitcoin mining industry, Harvey said there is a lot of optimism due to the rapid pace of progress.

Since receiving $35 million in project financing to build tier-zero blockchain data centers in Wyoming and Texas, Sabre56 has completed the construction of two facilities in Wyoming, started construction of their Ohio facility, and secured space in Texas.

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