CoinShares analysts have published a research article dedicated to the Bitcoin halving in 2024. Its goal is to update and inform investors about the risks and opportunities facing the BTC mining industry. Experts have updated their data based on reported figures for the 4th quarter of 2023. They found that the average cost of 1 BTC among listed companies is approximately $53,000.
Experts expect a shift to the use of artificial intelligence due to its potential to generate higher incomes. The researchers emphasized that companies such as BitDigital, Hive and Hut 8 have already optimized their own profits through innovation in this area.
According to experts, the latest trend suggests that BTC mining could gradually shift to recycled energy facilities. While venture capitalist investment in AI is on the rise, TeraWulf, BitDigital and Core Scientific are already active in AI operations and have big plans to expand in this direction.
The CoinShares model predicts that by 2025 the network hashrate will increase to 700 EH/s (exahash per second). However, after the halving, this figure may temporarily drop by 10% as miners turn off unprofitable ASICs. It is predicted that after 2024, hash prices will drop by half to 53 Ph/day.
“A significant increase in costs is expected due to halving. At the same time, electricity and general production costs will require 2 times more cash resources. Key mitigation strategies include optimizing business strategies, increasing mining efficiency, and ensuring favorable conditions for purchasing equipment,” noted Bitcoin mining industry researchers.