tldr; The article discusses the upcoming Bitcoin halving event, which will cut the reward for creating new BTC by 50%, leading to a "survival of the fittest" battle among miners. Larger companies are preparing for the event by securing newer and more efficient mining machines and considering industry consolidation. The halving will make obtaining or mining new bitcoin much harder, increasing competition and creating scarcity-driven value for the asset. The event historically increased bitcoin prices exponentially, but presented challenges for miners. The article also highlights the tough mining landscape, consolidation trends, and the potential for mergers and acquisitions in the industry.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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