Halving Not the End, Shake-Up Already Underway
According to Odaily Planet Daily, BIT Research has released a report stating that the 2028 Bitcoin halving is not the end of the mining shake-up, but the beginning of a new round of competition. The report argues that miners' profitability pressures and business model restructuring are driving industry transformation, with the real variable shifting toward infrastructure value.
Profit Pressure Drives Business Model Restructuring
As the halving cycle approaches, the reduction in block rewards will directly compress miners' revenue, compounded by rising hashrate competition. BIT Research analysis suggests that reliance on mining rewards alone is unsustainable; the industry is pivoting toward offering infrastructure services such as hashrate, energy management, and waste heat utilization to build diversified revenue streams.
Infrastructure Value Becomes Core Variable
The report emphasizes that electricity costs, capital efficiency, and technological innovation will become key to long-term mining competition. Bitcoin miners' focus is shifting from hashrate scale to operational efficiency and green energy integration capabilities, which will profoundly reshape the industry landscape.