1.#Bitcoin miners, hit hard by a #market downturn in the previous year, have recovered and are operating at significant capacity, with large miners poised to benefit from this #trend, according to a report by Bernstein.
2. The #report reveals that the 16 largest publicly listed mining firms collectively contributed to 16% of the overall mined BTC, with a combined mining capacity of 72 exahashes per second (EH/s). This capacity is expected to increase by 182% in the next 2-3 years.
3. #Miners with low production costs and minimal debt are predicted to be the main beneficiaries of this expansion, particularly in anticipation of the Bitcoin halving in April 2024. The approval of a Bitcoin ETF could further provide relief for miners by increasing institutional participation and creating a positive momentum for the market.
