According to a research report by asset management firm Bernstein, Bitcoin mining stocks listed in the US have experienced a significant rebound this year after a rough period in 2022. The report states that this revival is linked to the interest in Bitcoin from big players like BlackRock and Fidelity, and the positive impact of institutional exchange-traded fund (ETF) applications. It is also stated that some miners are turning to high-performance computing and artificial intelligence (AI) areas as revenue diversification strategies.

The report describes the Bitcoin mining industry as a "survival game", emphasizing that miners with a low-cost and conservative debt profile strengthen their market share by increasing their profits when Bitcoin prices exceed the cost of production. However, it is also stated that highly indebted and weaker miners cannot withstand tough market conditions and face the risk of bankruptcy.
According to Bernstein, the consolidation process has already begun and the surviving miners are expanding their capacity to prepare for the next Bitcoin halving event scheduled around April 2024. The Bitcoin halving is an event that happens approximately every four years, in which mining rewards are cut in half. In the past, he stated that the Bitcoin halving caused an increase in the BTC price, leading to higher profit expectations from miners.
#bykaranteli # #GateioBountyCreator# #ContentStar# #bitcoin# #美女# #Ethereum Square# #BountyCreator# #Gateio10周年 # GateioTurns10 #contentcreator# #MyFancyCreator# #HotTopicDiscussion#