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Institutional report: BitDeer (NASDAQ: BTDR) has the lowest mining costs in the industry and may be the biggest beneficiary of the Bitcoin halving

Institutional report: BitDeer (NASDAQ: BTDR) has the lowest mining costs in the industry and may be the biggest beneficiary of the Bitcoin halving

CointimeCointime2024/01/29 08:56
By:Cointime

Cantor Fitzgerald's recent report pointed out that the upcoming Bitcoin halving event will bring significant challenges to the Bitcoin mining industry. Cantor analysts predict that assuming the average Bitcoin price is $40,000 and the hash rate is stable, Bitdeer benefits from high cost efficiency and is expected to have a mining cost of $17,744, lower than other competitors in the industry. Therefore, it can be expected that Bitdeer will maintain its profitability after the Bitcoin halving and is expected to lead the industry development with its competitive advantage in the industry competition.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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