Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BLOCKCHAIN NEWS»Marathon Digital CEO predicts Bitcoin halving breakeven point at $43,000
BLOCKCHAIN NEWS

Marathon Digital CEO predicts Bitcoin halving breakeven point at $43,000

By Crypto FlexsMarch 15, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Marathon Digital CEO predicts Bitcoin halving breakeven point at ,000
Share
Facebook Twitter LinkedIn Pinterest Email

Fred Thiel, CEO of Marathon Digital Holdings, predicted that the break-even point for Bitcoin mining will rise to around $43,000 after the upcoming halving event.

The significant increase over the current industry average of $23,000 highlights the potential impact on miners’ profitability. Thiel shared these insights in a Bloomberg Television interview, highlighting the challenges and adjustments miners will face.

Marathon Digital, the leading U.S. Bitcoin mining company, is aggressively expanding its power infrastructure and deploying new equipment to mitigate expected revenue declines due to the halving. Thiel emphasized that the company urgently needs greater capacity as it approaches its current limit.

Continuing its strategy to strengthen its operations, Marathon Digital recently announced the acquisition of a 200 MW data center in Garden City, Texas for more than $87 million. The purchase follows significant investment earlier this year, when Marathon secured several sites for $179 million. Through these acquisitions, Marathon significantly increased its stake in mining operations from approximately 3% to 53%.

Several Bitcoin mining companies have seen notable surges in their stock prices as Bitcoin hit an all-time high of $73,000 earlier this month. Marathon Digital has particularly benefited from Bitcoin’s recent rebound, as the company’s stock price is currently at $19.22, up more than 170% from last year.

The mining industry is bracing for the halving, which is expected to significantly reduce miners’ income. So companies like Marathon are racing to scale up their operations, targeting wider margins to offset the looming revenue slump.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025

ZKJ Crypto Price Pumps 20%: Dead Cat Bounces?

June 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

The sizzling GambleFi token TGC has a market cap hovering around $70 million and players win $100,000 on a $10 bet.

February 16, 2024

Soft lens is reduced by 28% a week as SOLANA (SOL) prices

February 11, 2025

To celebrate the launch of USDC trading pairs, Binance held a 7,000 USDC giveaway.

May 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.