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MARA CEO: Bitcoin Mining Firms Must Control Power Resources to Avoid Elimination Before Next Halving
Summary: According to CoinDesk, MARA Holdings CEO Fred Thiel stated that the Bitcoin mining industry is entering a challenging period with increased competition, rising energy demands, and shrinking profits. Thiel warned that after the next Bitcoin halving in 2028, mining firms will face a more severe survival environment unless transaction fees rise or coin prices surge. ...
According to CoinDesk, MARA Holdings CEO Fred Thiel stated that the Bitcoin mining industry is entering a challenging period with increased competition, rising energy demands, and shrinking profits. Thiel warned that after the next Bitcoin halving in 2028, mining firms will face a more severe survival environment unless transaction fees rise or coin prices surge. Small mining firms are under immense pressure in the current environment, while larger firms are adapting by controlling energy sources and investing in AI infrastructure. Thiel predicts that by 2028, mining firms will either become power producers, be acquired by them, or collaborate with them.
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Link: MARA CEO: Bitcoin Mining Firms Must Control Power Resources to Avoid Elimination Before Next Halving [Copy]
