@adriedora
In 2024, the price of BTC increased by 110%, but only 7 out of 25 mining companies were profitable.
After the halving, the block reward dropped to 3.125 BTC, and miners' income fell from $100 million to $42 million.
Mining difficulty increased by 50%, increasing costs.
In total, companies raised $2.2 billion and began to diversify their business, including AI projects.
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