Posted 10/23/2023, 4:14:00 PM
Bitcoin Mining Stocks Rally Ahead of 2024 Halving Despite Concerns Over Revenue Hit
- Bitcoin mining stocks rally as BTC price holds above $30K despite looming halving concerns
- Shares of bitcoin miners like Bit Digital, TeraWulf, Hut 8, and CleanSpark rose over 10%
- Mining stocks have outpaced bitcoin's gains this year, with mining ETF doubling while BTC is up 87%
- Upcoming bitcoin halving in 2024 expected to cut mining rewards in half, reducing revenue
- Miners preparing for halving by upgrading equipment and diversifying into AI and other revenue sources
