As reported by Ecoinimist, Marathon Digital Holdings CEO Fred Thiel has warned that Bitcoin mining is becoming a zero-sum game driven by rising energy costs, stagnant fees, and intensifying competition. Thiel emphasized that only the most energy-efficient operators will survive as the global hashrate climbs and profit margins shrink. He also highlighted the growing trend of miners diversifying into AI and HPC to offset declining returns. With the next halving in 2028, Thiel predicts widespread consolidation, leaving only those with direct energy access or partnerships viable.
Marathon Digital CEO Warns Bitcoin Mining Faces Stiff Competition for Cheap Power
EcoinimistShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.