🚀CoinShares: Riot, TeraWulf, CleanSpark ready to face increased costs after Bitcoin halving in April. 💪
- Production costs and cash costs are expected to increase from $16,800 and $25,000 to $27,900 and $37,800/Bitcoin.
- Reduce block rewards, slow down the rate of new Bitcoin creation.
- Assuming the Bitcoin price after the halving is $40,000, below this level, miners will have difficulty.
- Riot is best positioned thanks to its cost structure and long runway.
- Mining companies need to improve efficiency and reduce costs to maintain profitability.
What do you think about this situation? Please share your opinion in the comments section! 👇