The halving is a kind of stress test for stability for all mining companies. It will start in April, in conjunction with Marathon Digital development director Adam Swick stating that the current halving could hit low-profit companies until they leave the market.
Greg Beard, CEO of Stronghold Digital Mining, believes miners must adapt to new conditions. Therefore, many companies that can afford it will convert BTC into fiat to purchase new computing and, more importantly, energy-efficient equipment.
In contrast, Adam Swick also pointed out that miners who could not accumulate sufficient financial resources at that time would sell their own bitcoin reserves to guarantee their existence in the market.
Source: Ferra
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