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Bitcoin Halving Could Make 9 Of 11 Largest Public Miners Unprofitable: Analyst

Published by
Benzinga

The Bitcoin (CRYPTO: BTC) Halving in April could make nine of the 11 largest publicly traded Bitcoin miners unprofitable at a Bitcoin price of $40,000, according to a new Cantor Fitzgerald report. What Happened:A preview of the report sees only Bitdeer (NASDAQ: BTDR) and CleanSpark (NASDAQ: CLSK) maintain profit margins, with nine other mining possibly requiring a significantly higher price of Bitcoin. The two mining companies at maintain a cost-per-coin rate of $17,774 and $36,896 respectively. Argo Blockchain (NASDAQ: ARBK) and Hut 8 Mining (NYSE: HUT) are seen as the most impacted with an “…

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