Mining Companies Are in Danger! ๐ฐ
A bunch of public Bitcoin mining companies are on thin ice ahead of Bitcoin's upcoming halving event.
According to Cantor Fitzgerald, over 10 listed miners may get rekt and struggle to mine profitably if BTC prices linger around $40K post-halving.
Of course, halvings are generally bullish as they choke BTC supply. But they also slash miner block rewards by 50%, so inefficient operations are sweating hard.
With miners' toplines directly tied to Bitcoin prices, those with high operational costs face serious challenges if the OG crypto doesn't pump after the halving.
A bunch of public Bitcoin mining companies are on thin ice ahead of Bitcoin's upcoming halving event.
According to Cantor Fitzgerald, over 10 listed miners may get rekt and struggle to mine profitably if BTC prices linger around $40K post-halving.
Of course, halvings are generally bullish as they choke BTC supply. But they also slash miner block rewards by 50%, so inefficient operations are sweating hard.
With miners' toplines directly tied to Bitcoin prices, those with high operational costs face serious challenges if the OG crypto doesn't pump after the halving.
