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For instance, Marathon Digital Holdings, one of the world's largest mining firms, increased its Bitcoin holdings to 16,930 and its fleet of Bitcoin miners to 231,000 in February 2024. This brought the firm's hash rate to 28.7 trillion hashes per second (about 5% of the network's total hash rate as of May 2024).

The increase in production capacity and holdings was likely due to anticipations of the April 2024 halving and the amount of hashing power required to remain competitive while having the liquidity necessary to finance its operations.

For smaller miners, a decrease in the reward means lower chances. Miners who are part of a mining pool will likely experience smaller rewards, even if prices increase—the reward is being cut in half, but Bitcoin's price is not likely to double unless there is a drastic market event.