The share prices of several Bitcoin mining companies have risen against the market trend. The halving may trigger industry consolidation.

2024-04-27 19:27:42BlockBeatsShare to:

BTC-1.99% ($62,899.67)

According to BlockBeats, on April 27, within a week of the Bitcoin block reward halving, despite the halving of miners' income, the stock prices of several Bitcoin mining companies rose. Among them, Riot Platforms' stock price rose as high as 36.3%, Marathon Digital and Cipher Mining rose by 20.1% and 20.3% respectively. Analysts believe that the halving may eventually trigger mining consolidation, with well-capitalized mining companies acquiring less efficient competitor assets and market share concentrated in a few competitors, which will help improve profitability, especially when Bitcoin prices rise. (DL News)

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