“Most publicly traded bitcoin miners have initiated or announced plans to increase their electricity and hashrate capacities as a means of adapting to their reduced revenue and gross profit profiles,” wrote Benchmark analyst Mark Palmer, noting that Due to uncertainty around the halving almost all publicly traded miner stocks are down so far this year despite a 46% rally in bitcoin in the same period.
Bitcoin (BTC) Miners Better Positioned to Withstand Halving This Time: Benchmark
