The competition in Bitcoin mining is escalating, with mid-tier miners gaining ground on established players like MARA Holdings and CleanSpark. Their accelerated growth follows the 2024 halving, suggesting a more balanced industry.
Total debt for Bitcoin miners has surged to 12.7 billion USD, a testament to the capital-intensive nature of mining. Companies are focusing on operational efficiencies while investing in advanced technologies to maximize their market share.
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