In accordance with Bijié Wǎng, MARA Holdings CEO Fred Thiel stated that Bitcoin miners must secure low-cost, reliable energy to survive amid rising competition and shrinking profit margins. Thiel described the mining industry as a zero-sum game, where increasing hash power raises difficulty for others, compressing margins to the level of energy costs. He warned that the next halving in 2028 will further strain miners unless transaction fees or Bitcoin prices surge significantly. Smaller operators may be forced to shut down, while larger firms adapt by controlling energy and investing in AI infrastructure.
MARA CEO Warns Bitcoin Miners Must Secure Energy to Survive Pre-Halving Period
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