Bitcoin Miners Gear Up for Halving: Strong Reserves and Rising Hashrate Publicly listed mining companies are flexing their digital muscles, with combined
bitcoin reserves bouncing back to pre-June 2022 levels, as reported by theminermag.com.
These industry giants now hold over
46,200 BTC, inching closer to their peak of 48,000 BTC in April 2022.
With just
1,133 blocks remaining until the halving at block 840,000, miners are making moves. After a slight dip, the
hashprice is on the rise again, hitting $119 per PH/s.
While Bitcoin's hashrate skyrockets to a record-breaking
644 EH/s, smaller miners may face challenges. Older machines could become unprofitable post-halving.
Marathon, Hut8, and Riot lead the pack among publicly listed miners. They're not holding back either, investing billions in new rigs and power capacity ahead of the halving.
The stakes are high as miners celebrate a record-breaking revenue of $2.01 billion in March alone. But as competition heats up, smaller operations may feel the squeeze.
As we countdown to the halving, the world of bitcoin mining is bracing for change. It's a race against time and technology for miners big and small.
