How major miners are preparing for halving

The upcoming halving will increase mining costs, forcing miners to double their workload. Representatives of mining companies and other industry experts explained how they are preparing for this event. Their words are quoted by the publication Forbes.

Renewable Energy as a Way to Stay Profitable

BitFarms is one of the largest miners, with a market value estimated at $653 million. In anticipation of the halving, the company refocused on a more sustainable and efficient strategy.

The company's CEO, Jeff Morphy, is confident that after the mining speed is halved, BitFarms will remain profitable. The key to success, he says, is a commitment to green energy and dependence on renewable sources.

The issuer of the largest stablecoin USDT, Tether, is also investing in renewable energy sources. The company started mining at the end of last year, allocating $500 million for it.

According to the company’s CEO Paolo Ardoino, they are taking a proactive approach to halving. To do this, Tether has developed a special platform for optimizing mining operations called Moria.

Bitcoin mining infrastructure company Cathedra, meanwhile, is more focused on operational excellence. The company is actively engaged in improving the efficiency of mining installations, using the most advanced technologies in this process.

Previously, CryptoQuant analysts calculated that mining would remain profitable if the Bitcoin rate after halving rose above $80 thousand. However, the experience of past years shows that cryptocurrency mining will be profitable no matter the outcome – after the reward is halved, the price of BTC always rises.