Almost everyone is eagerly anticipating the Bitcoin halving, it appears, as it’s broadly seen as a trigger for a bullish run as the reduction in new token creation leads to a supply crunch that drives up the price of BTC.

But at its core, the halving is designed to tap the brakes of the Bitcoin factory by making mining less profitable. This puts Bitcoin miners in the crosshairs amid this once-every-four-year transition. Are they as optimistic as the investors that drive most of the crypto conversation?

Decrypt checked in with some of largest public Bitcoin mining firms to gauge how well they’re positioned for the halving—and whether they’ll be able to sustain operations after the event takes place late Friday.

“Remember—it is not exactly true that revenue gets cut in half,” clarified Isaac…

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