EXCLUSIVE: Marathon Digital CEO, Fred Thiel On The Upcoming BTC Halving Tells Benzinga 'Marginal cost to mine BTC will increase with energy spend required doubling.
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital CEO, Fred Thiel, discussed the upcoming Bitcoin halving with Benzinga, highlighting that the marginal cost to mine Bitcoin will increase as the energy required will double.
April 09, 2024 | 6:49 pm
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The upcoming Bitcoin halving is expected to double the energy required for mining, significantly increasing the marginal cost for Marathon Digital.
The increase in energy requirements for Bitcoin mining due to the halving event directly impacts Marathon Digital's operational costs. As the company's CEO Fred Thiel highlighted the doubling of energy spend, this indicates a significant rise in expenses, which could pressure profit margins and potentially affect the stock price negatively in the short term.
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