比特币矿业正处于整合阶段：Architect Partners

报告称，矿工希望通过获得低成本电力和资本来确保大型数据中心容量。

Bitcoin (BTC) mining is becoming increasingly consolidated, with a few large companies controlling a majority of the hashrate. This consolidation was triggered by the recent halving in April, which made it more difficult for small miners to operate profitably.

比特币（BTC）挖矿正变得日益整合，少数大公司控制着大部分算力。这次整合是由最近四月份的减半引发的，这使得小型矿商盈利变得更加困难。

As a result of the consolidation, several mergers and acquisitions (M&A) have taken place in the mining sector. For example, Bitfarms (BITF) is planning to acquire Stronghold Digital Mining (SDIG). This deal is significant because Bitfarms was the subject of an unsolicited takeover offer from rival miner Riot Platforms (RIOT) in May.

由于整合，采矿业发生了多起并购（M&A）。例如，Bitfarms (BITF) 正计划收购 Stronghold Digital Mining (SDIG)。这笔交易意义重大，因为 Bitfarms 是 5 月份竞争对手矿商 Riot Platforms (RIOT) 主动提出的收购要约的对象。

Hostile M&A can be difficult in technology and financial services businesses, which rely on the talent of people. However, bitcoin mining is very different, where physical facilities with access to electricity and widely available computing equipment are the core assets.

在依赖人才的技术和金融服务行业，敌意并购可能会很困难。然而，比特币挖矿则截然不同，其中具有电力供应的物理设施和广​​泛使用的计算设备是核心资产。

The consolidation of the mining sector is ironic, given that bitcoin creator Satoshi Nakamoto's original vision was that anyone could set up a computer to mine the cryptocurrency and that no one would control a large amount of the hashrate. Hashrate is a proxy for competition in the industry and mining difficulty.

鉴于比特币创造者中本聪最初的愿景是任何人都可以设置一台计算机来挖掘加密货币，并且没有人会控制大量的算力，因此采矿业的整合具有讽刺意味。算力是行业竞争和挖矿难度的指标。

The effects of concentration in the mining sector are yet to be seen, but some like Jack Dorsey and the Block (SQ), the company he founded, are attempting to reverse this trend by “building semiconductors and systems to support a return to mining decentralization.”

采矿业集中化的影响还有待观察，但 Jack Dorsey 和他创立的 Block (SQ) 等公司正试图通过“构建半导体和系统来支持采矿业去中心化的回归”来扭转这一趋势。 ”。