How are Bitcoin Miners Holding Up Since the Halving?
Since the Bitcoin halving in April 2024, which cut mining rewards in half, miners have faced significant profitability challenges, prompting many to adopt new strategies to stay afloat. With rising energy costs and reduced block rewards, miners are focusing on operational efficiency and upgrading hardware. Some are diversifying into AI and cloud computing, using their data centres for additional revenue. The post-halving landscape has also seen industry consolidation and an increased focus on innovation, as only the most efficient mining operations are expected to succeed in this more competitive environment.
