Smaller Bitcoin miners rebound as post-halving shakeout levels the field
The post Smaller Bitcoin miners rebound as post-halving shakeout levels the field appeared on BitcoinEthereumNews.com.
Smaller Bitcoin miners are now gaining ground on their bigger competitors in the industry as post-halving competition returns. The Bitcoin mining industry has now become increasingly competitive as these middle-tier operators are now ramping up their realized hashrate in a bid to catch up with established companies in the field. According to reports, realized hashrate is a sign of a level playing field, a metric that has been used since the 2024 halving. In a report by The Miner Mag, companies like Cipher Mining, HIVE Digital, and Bitdeer have expanded their realized hashrate after several years of improving their infrastructure, narrowing the distance to established players at the top like MARA Holdings, Cango, and CleanSpark. Smaller Bitcoin miners improve their realized hashrate In its weekly newsletter, The Miner Mag mentioned that middle-tier mining firms have shown improvement since the 2024 halving. “Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag said. While firms like MARA Holdings, CleanSpark, and Cango have been consistent as the largest public miners, firms like IREN, Cipher, and HIVE Digital have also posted significant increases. Hashrate is the total computational power miners contribute to secure the Bitcoin blockchain, while realized hashrate means the actual onchain performance, or the rate at which valid blocks are mined successfully. In total, the top public miners have accumulated a total of 326 exahashes per second (EH/s) of realized hashrate in September, doubling the record level for last year. Collectively, they now account for about one-third of Bitcoin’s total hashrate. In the race for market share, Bitcoin mining firms are now taking on record levels of debt as they expand into new mining rigs, artificial intelligence infrastructure, and other capital-intensive ventures. According to…
