The upcoming Bitcoin halving, with less than 1,000 blocks remaining, is expected to result in mining companies facing losses of up to $10 billion, as reported by Bloomberg.
Post-halving, the reward for mining a Bitcoin block will decrease from 6.25 BTC to 3.125 BTC. Given the current price of Bitcoin, experts estimate that the industry could suffer losses of around $10 billion over the course of a year.
Furthermore, many traders anticipate a decline in the value of Bitcoin miners' stocks, with short positions in the shares of the top 15 mining companies totaling approximately $2 billion.
