Bitcoin Miners Race to Expand Ahead of 2024 Halving While Seeking Sustainable Growth
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Marathon Digital Holdings stock has rallied 45% since February, with record Bitcoin mining output in December 2023. The company aims to optimize costs post-halving.
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Riot Platforms' stock has fluctuated in 2023 between $10-$16. However, rising expenses like electricity and mining gear depreciation pose challenges.
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CleanSpark acquired 3 Bitcoin mining facilities in Mississippi, boosting hashing capacity. But the company faces political scrutiny regarding crypto's energy usage.
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Analysts observe mining stocks as the 2024 Bitcoin halving approaches, with players like Marathon, Riot, and CleanSpark targeting growth despite hurdles.
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Marathon, Riot, and CleanSpark adopt aggressive Bitcoin mining expansion strategies pre-halving, but optimized operations will be key post-halving.