Bitcoin’s (BTC) halving, expected in April 2024, is leading mining companies to reassess their operations to ensure they are prepared for the drop in rewards. One such way is by acquiring smaller firms to bring economies of scale to their activities. Earlier this month, Marathon said it had more than $800 million of cash and bitcoin to “capitalize on strategic opportunities, including industry consolidation” ahead of the halving.
Source: https://www.coindesk.com/business/2023/12/19/bitcoin-miner-marathon-digital-to-buy-new-mining-sites-for-179m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines