• Financial firm Cantor Fitzgerald warns that 11 major publicly traded Bitcoin miners will not be profitable post-BTC halving event.
• Argo Blockchain and Hut 8 Mining are projected to face high post-halving costs, exceeding $60,000 per Bitcoin.
• Bitdeer and CleanSpark are forecasted as the only profitable miners, at $17,774 and $36,896 per Bitcoin, respectively.

Eleven of the largest publicly traded Bitcoin miners could face serious profitability challenges after the upcoming halving event, a new report from financial firm Cantor Fitzgerald warns.

Scheduled to occur in April 2024, the halving will reduce the reward for miners by 50%, a mechanism designed to maintain scarcity in Bitcoin’s supply. While this event is often viewed as bullish for Bitcoin’s long-term price, it also presents immediate challenges for miners with high operating costs.

The post Only 2 Out of 13 Bitcoin Miners Predicted to Stay Profitable After Halving appeared first on Coin Edition.

• Financial firm Cantor Fitzgerald warns that 11 major publicly traded Bitcoin miners will not be profitable post-BTC halving event.
• Argo Blockchain and Hut 8 Mining are projected to face high post-halving costs, exceeding $60,000 per Bitcoin.
• Bitdeer and CleanSpark are forecasted as the only profitable miners, at $17,774 and $36,896 per Bitcoin, respectively.

Eleven of the largest publicly traded Bitcoin miners could face serious profitability challenges after the upcoming halving event, a new report from financial firm Cantor Fitzgerald warns.

Scheduled to occur in April 2024, the halving will reduce the reward for miners by 50%, a mechanism designed to maintain scarcity in Bitcoin’s supply. While this event is often viewed as bullish for Bitcoin’s long-term price, it also presents immediate challenges for miners with high operating costs.

The post Only 2 Out of 13 Bitcoin Miners Predicted to Stay Profitable After Halving appeared first on Coin Edition.