Bitcoin Miners Face Cost Pressures After Halving

Bitcoin miners are facing increased production costs following the April 2024 halving, posing challenges to their operations worldwide. These higher costs stem from factors like soaring energy prices and the need for expensive hardware upgrades. While some larger miners benefit from stable power contracts and advanced technology, less-efficient players struggle. This development could lead to consolidation in the mining industry and potential shifts in market dynamics, impacting Bitcoin’s stability.