After Bitcoin’s 2024 halving, crypto miners are diversifying into alternative assets, consolidating through M&A, and improving efficiency with energy-efficient hardware and cheaper power sources

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The Bitcoin mining industry has faced renewed challenges following the network’s fourth halving event in April 2024. Galaxy Digital calculated $460 million in reverse mergers and acquisitions in the first six months of 2024, forecasting further industry consolidation in the year ahead as the economics of mining continues to squeeze smaller players

The launch of Fortitude Mining reflects broader trends in the crypto-mining industry, which has faced significant headwinds since Bitcoin’s fourth halving in April 2024. The reduction in block rewards has tightened profit margins, prompting industry-wide consolidation and strategic pivots