Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss

According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover of rivals. Others have discovered they can generate extra revenue by staking bitcoins or plugging into decentralized physical infrastructure networks. 
Bitcoin Miners Incur Huge Losses
As many commentators predicted, the Bitcoin halving, which slashed the block reward from 6.25 BTC to 3.125 BTC, has negatively impacted the financial performance of top bitcoin mining companies. For example, Riot (Nasdaq: RIOT), a leading bitcoin miner that recently reported a $84 million quarterly loss, partly blamed its disappointing results on the reduced block reward.

MARA (Nasdaq: MARA), another top bitcoin (BTC) miner, saw …