8 Trends That Will Shape Bitcoin ( $61,741.00 ) Mining in 2022

With competition ramping up next year, some miners will start to feel the margin squeeze, leading to potential for increased mergers and acquisitions. “I think there’s going to come a time, in the not too distant future, where there are companies that have raised money, have machines on order and have not deployed them yet that are in a cash crunch,” said Fred Thiel, CEO of Marathon Digital, one of the largest publicly traded bitcoin miners.