CJMining Expansion: $88,500 Bitcoin Price Prediction in Sight as Company Acquires 53-Megawatt Oklahoma Facility

​CJMining will enhance its North American Bitcoin mining presence by obtaining a 53-megawatt (MW) facility located in Oklahoma. CJMining made this strategic acquisition to support its mission of reaching 1 gigawatt (GW) global mining power capacity as part of its regional expansion strategy. ​

How CJMining Expansion Plans to Enhance Bitcoin Mining Operations?

The power grid at the Oklahoma facility provides dependable electricity at $0.03 per kilowatt-hour on average thus supporting better operations. CJMining demonstrates sustainability by placing its operations in an unoccupied zone which protects neighborhood well-being. ​CJMining expansion into Oklahoma demonstrates its commitment to increasing its Bitcoin mining capacity and supporting the growth of the crypto industry.

The new acquisition takes place when the Bitcoin hash rate has exceeded 700 exahashes per second (EH/s) and is at its highest point ever. The upgraded computing capability delivers better network protection but simultaneously increases mining obstacles which reduces miner earnings. CJMining works to preserve its market status by securing inexpensive power sources alongside expanding its system capacity to support stability and reliability of the Bitcoin network.​

Bitcoin Price Prediction: Will CJMining’s Expansion Drive Growth?

The current Bitcoin price prediction leans bullish, as seen on the 5-minute BTC chart above, where the price steadily climbs within a well-defined upward channel. After consolidating near the $80,500 support zone, Bitcoin gathered momentum, breaking through the key resistance at $84,500. This breakout, highlighted by increased trading volume, confirms strong buyer control. Adding strength to this Bitcoin price prediction are technical indicators, multiple golden crosses on the MACD align with the uptrend, while the RSI bounced twice from oversold conditions, signalling healthy corrections followed by renewed buying. The lower boundary of the channel consistently held, further validating bullish sentiment as the price respected key support levels throughout.

Analyzed by Triparna Baishnab, Published on TradingView (March 20, 2025)

Bitcoin faces an upcoming target of reaching $87,000 based on current predictions for its price development. The market could rally from current levels to $88,500 and higher if traders successfully confirm price going above $87,000. If Bitcoin drops below $85,000 with a closing price, then short-term losses could occur, causing its price to move toward $83,500. Traders should monitor potential bearish signs on the RSI and MACD indicators because these could indicate future pullbacks. The existing momentum indicators combined with structural trends indicate Bitcoin will continue to rise as long as substantial lower support zones hold their position firmly.

Can CJMining’s Strategic Expansion Safeguard its Market Position in the Bitcoin Mining Industry?

The acquisition of the new facility is a significant milestone in CJMining’s expansion plans, solidifying its position as a leading player in the Bitcoin mining sector. Through its acquisition of an Oklahoma Bitcoin mining facility CJMining demonstrates its dedication to operational expansion that maximizes efficiency during the growing network difficulty and hash rate conditions. The company achieves market leadership and advocates Bitcoin resilience through low-energy acquisitions, which boost production capacity. The company’s favorable market position in mining operations becomes more evident with the bullish Bitcoin price chart signals while institutional investors demonstrate increasing trust in the mining sector. End-users of cryptocurrency should watch major market developments as well as crucial technical patterns to achieve successful trading decisions in the ever-changing crypto marketplace.