The post-halving stretch…

Bitcoin mining firms sized each other up at Bitcoin 2024 in Nashville late last week, as a post-halving stretch continues to put pressure on firms' established business models.

At the annual conference, a corner was crammed with firms that make money through fleets of power-hungry machines, which constantly crunch complex calculations in a race to verify Bitcoin transactions. 

In April, the reward for that endeavor was slashed in half during the halving, a quadrennial event that slows the pace of Bitcoin’s gradually expanding supply.

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