Odaily Planet Daily News Bernstein said in a research report released on Thursday that Bitcoin mining companies are increasing their production capacity significantly, and the 16 largest listed mining companies account for 16% of the total BTC mining. Bernstein stated that their current combined mining capacity is 72 EH/s, noting that these companies plan to increase their hash rate by 182% in the next 2-3 years.
Analysts said, "Large mining companies with low production costs and low debt may be the biggest beneficiaries of increased capacity, and they have a greater ability to withstand any Bitcoin price fluctuations and the upcoming Bitcoin halving belt in the first quarter of 2024." The resulting cost increases.” (CoinDesk)