The Bitcoin mining industry sees tier-2 operators closing the gap on established leaders in realized hashrate post-2024 halving. Companies like Cipher Mining, Bitdeer, and HIVE Digital rapidly expand production, narrowing the distance to top players like MARA Holdings, CleanSpark, and Cango. Top public miners collectively reached 326 EH/s of realized hashrate in September.

Total debt across the Bitcoin mining sector has surged to $12.7 billion from $2.1 billion a year ago. Miners are taking on record levels of debt to invest in new mining rigs and AI infrastructure. Some are diversifying revenue streams with AI and high-performance computing to offset declining margins after the 2024 BTC halving.

Read more at Cointelegraph: Bitcoin Miners Face New Hash Wars After 2024 Halving