According to BlockBeats, on July 29, Decrypt reported that the profit squeeze after Bitcoin's "halving" has put pressure on the business model of Bitcoin mining companies, and some larger companies see this industry obstacle as an opportunity to expand their business or launch a hostile takeover. It is expected that there will be consolidation in the Bitcoin mining industry in the next 18 months, and some well-capitalized miners hope to devour their competitors. For example, Colorado-based Riot Platforms announced on Tuesday that it had acquired Block Mining after a hostile takeover of another company, Bitfarms, last month.

Others are taking the lead by diversifying their revenues through innovations such as AI computing and chip manufacturing. Bitdeer uses only 36% of its electricity and is currently evaluating investing its power into AI and high-performance computing (HPC) companies to generate revenue. A large number of data centers are currently being built and evaluated for use as AI or HPC data centers. Bitdeer is also moving into manufacturing chips specifically for Bitcoin mining.