Crypto mining operations that set up shop in America are reportedly working towards a commitment of amplifying their hash power with more hardware, regardless of Bitcoin’s (BTC) volatility in the past three months. 

Specifically, the US-based The Marathon Digital Holdings and GEM Mining reportedly revealed that individually, they have expectations of their respective operations undergoing a minimum of a two-fold increase in size through 2022, regarding  the number of machines at their centers

Marathon Digital’s vice president of corporate communications Charlie Schumacher additionally disclosed via an interview that it is looking to implement deployment plans for 199,000 new machines by 2023, to secure what is “arguably the future of the global monetary system.”

Head of GEM Mining John Warren also shared in an email that his firm has plans “to have 32,000 miners online by the end of 2022”, which is, for Marathon, would be over a six-time growth in size, whereas GEM’s capacity would double if it successfully implemented its plans.

The fact that miners are widening the scope of their operations strikes as a surprise, due to worries surfacing that associate with the capital efficiency of miners, as it was reported that many were selling off BTC to maintain cash reserves.

Marathon Digital reportedly submitted the filing with the SEC to sell a maximum of $750 million equivalent of its stock on Feb. 13th. 

Nonetheless, Schumacher offered explanations that the firm is  keeping its options open and “is in a position to better work through capital markets”, while simultaneously on the lookout for the measure that can achieve the most growth, in terms of economical efficiency. 

“We can’t control the price of BTC, but we can control how we react to the market. We believe we are in a position to act opportunistically.”

Warren reportedly expressed an optimistic attitude when it comes to expanding the scale of his firm, further revealing that GEM has also not sold any BTC to date.