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Cointelegraph by Sam Bourgi

After the 2024 halving, Bitcoin miners eye AI/HPC and consolidation ahead of 2026

Following the April 2024 halving, miners faced the most severe margin squeeze in 2025 and accelerated shifts into AI, HPC and consolidation to stabilize revenue. With the subsidy fixed at 3.125 BTC and the cycle extending into 2026, profitability increasingly hinges on energy costs, fee income and financing choices.
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