MARA CEO Warns Bitcoin Miners Must Secure Power to Survive Pre-2028 Halving

As reported by Bijiie, Marathon Digital CEO Fred Thiel stated that Bitcoin mining is entering a challenging phase with intensifying competition, rising energy demands, and shrinking profits. He described the industry as a 'zero-sum game,' where only miners with low-cost energy or new business models can survive. Many firms are pivoting to AI or high-performance computing infrastructure. Thiel warned that unless transaction fees rise or Bitcoin's price surges significantly, the 2028 halving could make mining unsustainable. He predicted that by 2028, miners must either generate their own power, be acquired by power companies, or partner with them to remain viable.