Bitcoin minors who still draw electricity from energy sources attached to the network will have a hard time after the next wandering event in 2028, Mara Holdings (Mara) said in a shareholder letter.
“For these minors, who are still based on the power attached to the network, the writing is on the wall. Energy costs will only increase. The reduction in half of 2028 will probably force another calculation on the scale of the industry. Many may not survive,” said the letter.
The declaration comes when the mining industry has already struggled to remain profitable following a recent event in half which saw the Bitcoin rewards in half, forcing certain minors to diversify their sources of income in high performance computer (HPC) and in artificial intelligence (AI).
Read more: AI is there, but that does not mean that bitcoin minors are finished: blockspace
Mara, one of the largest bitcoin minors, said that in such a competitive market, minors should differentiate themselves or risk getting delay and fighting to stay profitable. “Those who do not differentiate themselves will be relegated to price takers on an increasingly competitive market.”
The minor’s solution, which, according to her, has already taken an “early advance”, consists in guaranteeing low -cost energy, integrating their operations vertically and developing beyond the traditional activity of mining of Bitcoin – alluding to the fact that minors must meet other IT needs such as AI and HPC.
“Our ability to acquire sites and generate low -cost energy, activate damaged hardware and energy assets, and execute an integrated vertically model – software and hardware, and now, energy production – will provide us with greater costs on costs.” To this end, Mara recently bought a Texas wind farm which would reduce the minor’s electricity costs.
Mara said that it had also increased development and sales of the data center infrastructure, which will become the basic infrastructure layer for any computer need.
“Whether for Bitcoin extraction or AI inference, we believe that our technologies will activate others to build while Mara provides choices and shovels to deploy new systems and services, such as energy management, charges and infrastructure,” said Mara.
The minor also declared his profits in the fourth quarter, where his sales of $ 214.4 million defeated the average estimate of the $ 187.8 million analyst, according to FostSet Data. Mara Stock increased by more than 8% in post-commercial trade, while Bitcoin dropped by 4.2% on Wednesday.
Read more: The growth of the Bitcoin hashrate slows down in the middle of the difficult market conditions for small minors
