📣 Bitcoin Halving Poses Risk of Losses to Mining Giants
posted 26 Jan 2024
According to financial services firm Cantor Fitzgerald, the forthcoming Bitcoin halving could render at least eleven prominent mining corporations, including names like Marathon Digital and Riot Platforms, unprofitable under the current BTC prices. The most severe impacts are anticipated for Argo Blockchain and Hut 8.
However, two firms (Bitdeer and CleanSpark) may continue to mine profitably. Furthermore, a rise in Bitcoin prices above $45,000 could ensure many miners remain at least break-even. Analysts also emphasize that most mining companies have loss-minimization strategies in place, making widespread bankruptcies unlikely.
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