The recent Bitcoin (BTC) halving event has significantly impacted the operational costs for BTC miners in the United States, driving energy expenditures to a staggering $2.7 billion.

The immediate consequence of a halving is that miners receive fewer bitcoins for the same amount of work, which affects their revenue directly. Since mining operations are heavily reliant on energy consumption, the cost of electricity becomes a more prominent factor in determining the profitability of mining activities