Golden Finance reported that the profit crunch after the Bitcoin 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. Colorado-based Riot Platforms announced on Tuesday that it has acquired Block Mining after a hostile takeover of another company, Bitfarms, last month. While other companies have more diversified income through innovations such as artificial intelligence computing and chip manufacturing, Bitdeer only uses 36% of its electricity and is currently evaluating investing its electricity into AI and high-performance computing (HPC) companies to generate revenue. A large number of data centers are currently built and evaluated for use as artificial intelligence or high-performance computing data centers. Bitdeer is also moving into manufacturing chips specifically for Bitcoin mining.