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Bitcoin miners who have not optimized their existing infrastructure, built their own high-performing data center team, developed their own software stack, and managed their power contracts effectively will face a difficult period after the halving. They will be highly vulnerable to larger players who have the infrastructure to dramatically improve their operations. As a result, the bitcoin mining industry will likely see consolidation as miners with access to more capital continue to expand their operations opportunistically. To remain competitive, it is even more important for smaller miners to prioritize efficient, productive operations.
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