Bitcoin Miners Face Slowing Growth Despite 2023 Rally

Bitcoin mining stocks soared in 2023 due to the cryptocurrency's price rally, but growth is slowing in 2024 due to new Bitcoin ETFs drawing interest away.

The upcoming Bitcoin "halving" event in April will slash mining rewards, hurting miners' profits.

Riot Platforms is best positioned to withstand the halving due to its lean operations and no debt.

CleanSpark's focus on clean energy Bitcoin mining makes it an attractive play.

Despite the halving headwinds, Bernstein still recommends buying Bitcoin mining stocks as the best way to invest in crypto.