币界网报道：Major Bitcoin mining firms like Marathon Digital and Riot Platforms are expanding operations despite the recent halving event reducing block rewards, while smaller miners face increasing financial pressures. Marathon CEO Fred Thiel noted the company is leveraging efficiency gains and strategic power contracts to maintain profitability, with plans to double hash rate capacity by year-end. Similarly, Riot Platforms aims to reach 100 EH/s by 2025 through new facility expansions. However, smaller miners struggle with higher operational costs post-halving, leading to potential consolidation as larger players acquire distressed assets. Industry analysts highlight the growing divide, with publicly traded miners benefiting from scale and access to capital markets, while private operators may be forced to sell or shut down. The Bitcoin network hash rate continues hitting record highs, suggesting larger firms are absorbing the slack from exiting smaller miners. Market observers anticipate further industry consolidation as mining economics favor well-capitalized corporations over individual operators.