The upcoming Bitcoin (CRYPTO: BTC) halving event, expected on April 20, could impact the Bitcoin mining industry, according to a recent JPMorgan report. What Happened: The report by analysts Reginald Smith and Charles Pearce highlights the potential implications of the Bitcoin halving event, which will reduce the block reward for mining new bitcoins by 50%. This reduction could lead to a wave of consolidation and business closures within the industry, while potentially benefiting the remaining operators. The industry’s gross profits, currently estimated at around $2.5 billion per quarter, are …