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26 Dec 2023

Bitcoin Miners Invest $600M Amid 'Halving' Anticipation

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In December, listed mining companies [poured $600 million](https://www.ft.com/content/5a5fdeb1-13fc-47fa-9df0-4f3f5dfe90ab) into new mining gear, nearly 50% of the total $1.3 billion investment for the year. This surge in capital expenditure comes ahead of the upcoming date when bitcoin transaction verification rewards are set to halve, intensifying the race to gain technological edge and potentially squeeze out competitors.