As the bitcoin market continues its rollercoaster ride, Bitcoin miners are bracing for the significant bitcoin halving 2024 event. Marathon Digital Holdings, one of the largest US-based Bitcoin mining companies, is taking proactive measures to navigate through the potential challenges posed by this event.

Preparing for the Bitcoin Halving 2024

The upcoming halving event, set to reduce bitcoin rewards for miners, has prompted Marathon Digital to ramp up its operations. CEO Fred Thiel predicts that the break-even point for Bitcoin mining will rise to approximately $43,000 post-halving, a significant increase from the current industry average of $23,000.

Thiel emphasized the importance of this…

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