The media Decrypt published a report on concerns about the future development of mining companies. The report quoted the views of a number of asset management companies and Bitcoin miners, explaining the development of the mining market after the Bitcoin halving and the role of artificial intelligence in it.
Table of contents
ToggleAfter Bitcoin halving, small and medium-sized miners face mergers and acquisitions
Ryan Rasmussen, head of research at asset management company Bitwise, cited mining giant Riot Platform’s acquisition of another Bitcoin miner Block Mining as an example, explaining that “in the first few months after the halving, Bitcoin miners had to go through this identity crisis. "Having the block reward in half will have an adverse effect." Rasmussen explained: "It is expected that the Bitcoin mining industry will see consolidation in the next 18 months as some well-capitalized miners hope to swallow up competitors."
Decrpt cited a CoinDesk report stating that securities brokerage Benchmark has included Bitcoin miner Bitdeer as an acquisition target. Benchmark noted that among its competitors, Bitdeer has "ample existing and planned power capacity," making it particularly attractive.
Miners tap into artificial intelligence
Bitdeer announced on June 28 that it has signed an agreement with the Monroe Line Port Authority of Ohio to acquire 570 megawatts of additional generation. After signing the agreement, Bitdeer's power generation capacity will reach 2.5 gigawatts, enough to power 250 million LED light bulbs. The announcement mentioned that these capacities will provide services for Bitcoin mining, artificial intelligence, and high-performance computing (HPC).
Another Bitcoin miner, Core Scientific, announced on June 22 that it had partnered with cloud computing company CoreWeave to sign a 12-year high-performance computing hosting contract . Core Scientific's stock price has more than tripled since May's $3.
BitDeer steps into ASIC chips
Bitdeer is also entering the ASIC industry, manufacturing chips specifically for Bitcoin mining. Not only is this a way to further diversify Bitdeer's revenue, Basit also said that this segment of the Bitcoin mining industry is currently dominated by Bitmain's Antminers. Citing a CoinDesk report , Benchmark raised its forecast for Bitdeer to reflect expected contributions from its ASIC chip and mining equipment plans. It raised its full-year 2025 revenue forecast to $617.5 million from $497 million.
