As the bitcoin halving approaches, miner consolidation appears imminent.

Per-block rewards for BTC miners are set to decrease from 6.25 bitcoins to 3.125 BTC in mid-April. The event is expected to put financial stress on companies in the sector, likely spurring some to look for a lifeline.

Elliot Chun, a partner at crypto advisory firm Architect Partners, said he expects “meaningful” mining-related mergers and acquisitions (M&A) in the second half of 2024, and into next year.  

Read more: The next bitcoin halving is coming. Here’s what you need to know 

“We have what I believe is a much healthier buyer set that has the capital, operating discipline and they want to be…

Read more on Blockworks