Fidelity: Bitcoin halving is coming and miners need to prepare

According to a report by Fidelity Digital Assets, although Bitcoin holders typically expect the quadrennial halving event to boost prices, miners must actively strategize and plan for the upcoming event to avoid bankruptcy. The report emphasizes that miners must be proactive in order to profit, rather than simply maintaining their position in the network.

Analyst Daniel Gray states that miners must maintain their current hash power, energy consumption, and infrastructure, while facing continued competition from the entire network, all while striving to maintain profitability in the same challenges. Gray emphasizes that miners must continually work to improve hash power efficiency, obtain lower-cost energy from more economical sources, and expand infrastructure to accommodate new machines. However, considering the competitive landscape, every miner is vying for the same resources.