The Effects and Expectations of Halving in the Bitcoin Mining Sector

The Bitcoin mining sector is shaken with profitability concerns before the halving event, as mining rewards will be halved. While Bitcoin mining shares in America and other countries are declining, industry analysts argue that these concerns are unwarranted. Mitchell Askew, the head analyst at Blockware Solutions, indicates that the post-halving period may be positive for mining and attempts to reassure investors about this. What to Expect in Mining? Especially after the halving, Bitcoin mining rewards will decrease to 3.125 Bitcoins. This is expected to put significant pressure on mining profitability, causing some companies’ stocks to decline. The shares of the largest mining companies, namely Marathon Digital and Riot Platforms, lost respectively 53% and 54% since the beginning of the year. CleanSpark, on the other hand, experienced a significant decline after reaching its highest level in three years. Halving Explanation from Celebrities The halving event is creating a short-term expectation of […]

The Effects and Expectations of Halving in the Bitcoin Mining Sector

The Bitcoin mining sector is shaken with profitability concerns before the halving event, as mining rewards will be halved. While Bitcoin mining shares in America and other countries are declining, industry analysts argue that these concerns are unwarranted. Mitchell Askew, the head analyst at Blockware Solutions, indicates that the post-halving period may be positive for mining and attempts to reassure investors about this.

What to Expect in Mining?

Especially after the halving, Bitcoin mining rewards will decrease to 3.125 Bitcoins. This is expected to put significant pressure on mining profitability, causing some companies’ stocks to decline. The shares of the largest mining companies, namely Marathon Digital and Riot Platforms, lost respectively 53% and 54% since the beginning of the year. CleanSpark, on the other hand, experienced a significant decline after reaching its highest level in three years.

Halving Explanation from Celebrities

The halving event is creating a short-term expectation of recovery in mining stocks. The performance of funds such as Valkyrie Bitcoin Miners ETF provides clues about how the Bitcoin mining sector will fare in the post-halving period. According to Cantor Fitzgerald, if the Bitcoin price remains around $40,000, many mining companies may not be able to make a profit.

Useful Information

Halving event will cause Bitcoin rewards to decrease to 3.125 Bitcoins.
Bitcoin mining shares, especially Marathon Digital and Riot Platforms, experienced a major loss this year.
A quick recovery in mining stocks is expected after the halving.
Low Bitcoin prices can lead to relocation to the US or overseas expansion.

In conclusion, the Bitcoin mining sector is currently going through a challenging period due to the halving event. Nevertheless, analysts anticipate that this period may also give rise to new investment opportunities and reshape the sector.

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