比特币矿工陷入困境，压力只会越来越大

自动交易平台 Galileo FX 首席执行官 David Materazzi 表示：“2024 年 4 月的减半不仅拧紧了螺丝，而且彻底颠覆了整个行业。”

The April 2024 halving event didn't just tighten the screws on bitcoin miners; it flipped the industry on its head, an expert said.

2024 年 4 月的减半事件不仅加剧了比特币矿工的压力，还加剧了比特币矿工的压力。一位专家表示，这彻底颠覆了整个行业。

Following the halving, miners' block rewards were slashed by 50%, cutting into bitcoin (BTC-USD) production and revenues. And with elevated operating costs, many miners experienced dwindling profits during the quarter ended June 30, 2024. The 4% decline in BTC price during the three-month period only exacerbated the financial pressure.

减半后，矿工的区块奖励削减了 50%，从而削减了比特币 (BTC-USD) 的产量和收入。由于运营成本上升，许多矿商在截至 2024 年 6 月 30 日的季度中利润下降。三个月内 BTC 价格下跌 4%，进一步加剧了财务压力。

As such, Materazzi expects "the weak to be picked off, leaving only the leanest operations standing tall."

因此，马特拉齐预计“弱者将被剔除，只留下最精简的业务。”

Here's a snapshot of how a few bitcoin miners fared in Q2.

以下是一些比特币矿工在第二季度表现的快照。

Riot Platforms (NASDAQ:RIOT) posted its first quarterly loss since Q3 2023, as the halving reduced available bitcoin (BTC-USD) production. But Materazzi highlighted that Riot “is bulldozing ahead, cranking up its hash rate to a staggering 41 [exahashes per second] by 2025, all while sitting on a fat stack of cash.”

Riot Platforms（纳斯达克股票代码：RIOT）公布自 2023 年第三季度以来首次出现季度亏损，原因是可用比特币（BTC-USD）产量减半。但马特拉齐强调，Riot“正在稳步前进，到 2025 年将其算力提高到惊人的 41 [exahashes/秒]，同时坐拥大量现金。”

Marathon Digital Holdings (NASDAQ:MARA) also turned in a wider-than-expected loss in Q2, reflecting a combination of unfavorable mark-to-market adjustment of digital assets and a decrease in bitcoin (BTC-USD) production after April's halving. But the company still expects its 2024 hash rate to jump to 50 exahashes per second (EH/s), compared with its installed hash rate of 31.5 EH/s in Q2.

Marathon Digital Holdings（纳斯达克股票代码：MARA）第二季度的亏损也超出预期，反映出数字资产按市值计价的不利调整以及 4 月份减半后比特币（BTC-USD）产量下降的综合影响。但该公司仍预计 2024 年的算力将跃升至每秒 50 exahashes (EH/s)，而第二季度的算力为 31.5 EH/s。

In an effort to sustain cash flow stability, some miners have jumped into artificial intelligence and high-performance computing. HIVE Digital Technologies (NASDAQ:HIVE) is one of them, with its HPC segment accounting for about 8% of its total fiscal Q1 revenue. The company delivered a stronger-than-expected profit for the quarter ended June 30, 2024, as the miner navigated the halving by boosting its installed hashrate.

为了维持现金流的稳定性，一些矿工开始涉足人工智能和高性能计算领域。 HIVE Digital Technologies（纳斯达克股票代码：HIVE）就是其中之一，其 HPC 部门约占其第一财季总收入的 8%。该公司在截至 2024 年 6 月 30 日的季度中实现了强于预期的利润，该矿商通过提高其安装的算力来应对减半。

A handful of miners seem to be adjusting to the impacts of the halving - which typically play out over a few months - "by securing cheaper sources of energy or gaining efficiency in their operations, Blake Morgan, managing partner of crypto tokenization firm Mineral Vault, told us.

加密代币化公司 Mineral Vault 的执行合伙人布莱克·摩根 (Blake Morgan) 表示，少数矿工似乎正在适应减半的影响（减半通常会持续几个月），“通过获得更便宜的能源或提高运营效率”告诉我们。

"Smaller miners that use waste energy are actually more successful than larger rivals that can't cut electricity bills."

“使用废弃能源的小型矿商实际上比无法削减电费的大型竞争对手更成功。”

Going forward, Morgan said that miners may experience relief in the upcoming quarters, as "the price of bitcoin tends to appreciate months subsequent to a halving event."

摩根表示，展望未来，矿商可能会在接下来的几个季度感到宽慰，因为“比特币的价格往往会在减半事件发生后的几个月内升值。”

Other bitcoin miners: Hut 8 (NASDAQ:HUT), Sphere 3D (NASDAQ:ANY), Digihost Technology (NASDAQ:DGHI), Core Scientific (NASDAQ:CORZ), CLeanSpark (NASDAQ:CLSK), TeraWulf (NASDAQ:WULF), Iris Energy (NASDAQ:IREN), Cipher Mining (NASDAQ:CIFR), Bitfarms (NASDAQ:BITF), Greenidge Generation (NASDAQ:GREE), Stronghold Digital Mining (NASDAQ:SDIG), Bit Digital (NASDAQ:BTBT), Bitdeer Technologies (NASDAQ:BTDR)

其他比特币矿工：Hut 8（纳斯达克股票代码：HUT）、Sphere 3D（纳斯达克股票代码：ANY）、Digihost Technology（纳斯达克股票代码：DGHI）、Core Scientific（纳斯达克股票代码：CORZ）、CLeanSpark（纳斯达克股票代码：CLSK）、TeraWulf（纳斯达克股票代码：WULF）、 Iris Energy（纳斯达克股票代码：IREN）、Cipher Mining（纳斯达克股票代码：CIFR）、Bitfarms（纳斯达克股票代码：BITF）、Greenidge Generation（纳斯达克股票代码：GREE）、Stronghold Digital Mining（纳斯达克股票代码：SDIG）、Bit Digital（纳斯达克股票代码：BTBT）、Bitdeer Technologies （纳斯达克股票代码：BTDR）