Bitcoin Mining Challenges Looming in 2028

Bitcoin Miners Facing Future Challenges

Bitcoin miners utilizing power from grid-tied energy sources may encounter significant challenges following the looming 2028 halving event, as per MARA Holdings' recent communication to shareholders.

The letter foreshadows a grim future for those still dependent on grid energy, suggesting that increased energy costs will amplify the already difficult conditions post-halving. This scenario is anticipated to lead to a major industry overhaul, potentially resulting in the failure of various operations.

Industry Change Expected

"The evidence is clear for miners connected to grid power," stated the shareholder letter. It anticipates inevitable rises in energy costs, and the impending halving in 2028 could spell a pivotal moment for the entire industry.