[Report: Bitcoin mining industry is in a stage of accelerated integration] Golden Finance reported that the latest report from investment bank Architect Partners pointed out that the Bitcoin mining industry is in a stage of integration, a trend triggered by the halving event in April this year. The report emphasizes that mining companies are seeking to obtain large-scale, scalable data center capacity, as well as low-cost electricity and capital. Bitfarms' planned acquisition of Stronghold Digital Mining is a typical example of the recent M&A trend. The author of the report believes that hostile mergers and acquisitions are not common in the technology and financial services industries that rely on talent, but the Bitcoin mining industry is different. Its core assets are physical facilities, power resources and widely available computing equipment. However, this trend of integration is contrary to the original intention of Bitcoin founder Satoshi Nakamoto, who hopes that anyone can participate in mining and there is no concentration of computing power.