“Most of the publicly traded bitcoin miners have initiated or announced plans to increase their electricity and hashrate capacities as a means of adjusting to their reduced revenue and gross profit profiles,” Benchmark analyst Mark Palmer wrote, noting that due to uncertainty around the halving nearly all of the listed miners’ stocks are down year-to-date despite a 46% rally in bitcoin in the same period.
Bitcoin (BTC) Miners Are Better Positioned to Weather the Halving This Time: Benchmark
