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 <p class="is-style-lead">A Seeking Alpha analysis reveals that Bitcoin prices must not only more than triple to $100,000 but should be sustained above this level for miners to remain profitable in 2024 and beyond.</p> 
 <p>Considering what lies ahead, mining farms, especially those whose shares are listed on bourses in the United States, including Riot and Marathon, are at a critical juncture. There could be a shake-up unless there are changes in hash rate, difficulty, or electricity costs in light of scarce BTC.</p> 
 <p>Uniquely in 2023, Bitcoin mining stocks have been superior. While Bitcoin’s volatility has been tapering and prices pinned below $31,800 registered in late H1 2023, stocks of Riot, Marathon Digital, and other popular mining farms have more than doubled in the last few months.&nbsp;</p> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Marathon mined 21% less bitcoin in June partly due to bad weather in Texas 
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 <p>Usually, the performance of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> mining stocks is closely linked to the performance of Bitcoin in the secondary market. When Bitcoin <a rel="noopener noreferrer nofollow" title="prices" href="https://thebittimes.com/tag/prices.html">prices</a> rise, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> mining stock <a rel="noopener noreferrer nofollow" title="prices" href="https://thebittimes.com/tag/prices.html">prices</a> tend to soar and vice versa. However, this trend has been broken due to the divergence between <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="miner" href="https://thebittimes.com/tag/miner.html">miner</a> stocks and BTC <a rel="noopener noreferrer nofollow" title="prices" href="https://thebittimes.com/tag/prices.html">prices</a> in the better part of 2023.&nbsp;</p> 
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  <img decoding="async" loading="lazy" width="1024" height="591" src="https://cdn.thebittimes.com/images/2023/08/05/47bd4a6ad6553e3286ac067f86a46161.webp" alt="Bitcoin prices must break $100,000 for crypto miners to stay profitable - 1" class="wp-image-14183473"> 
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    Performance of crypto miner stocks: Seeking Alpha 
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 </figure> 
 <p>In light of the upcoming halving event where miners’ rewards will be halved, questions are being floated on how much the BTC price needs to rise for miners to be profitable. </p> 
 <p>The report says BTC prices must surge above $100,000 for these miners to stay in business long-term. This 6-digit price prediction factors in the crypto mining dynamics and how these farms operate.</p> 
 <p>Specifically, the report shared on Reddit&nbsp;highlights&nbsp;the risks of Bitcoin mining since it reduces block rewards in half, significantly impacting <a rel="noopener noreferrer nofollow" title="miners" href="https://thebittimes.com/tag/miners.html">miners</a>’ revenue. </p> 
 <p>Assuming prices remain at spot rates, mining companies like Riot Platforms might have to issue new shares to raise money and secure operational funding. With the new shares, there will be dilution, forcing share prices down.</p> 
 <p>Experts&nbsp;predict&nbsp;that the hash rate, a measure of Bitcoin’s computing power, could also fall by as much as 30% halving. Analysts contend that though the network manages its supply economics with halving, <a rel="noopener noreferrer nofollow" title="miners" href="https://thebittimes.com/tag/miners.html">miners</a> will have to spend their input to confirm the same block; a move that will heap even more pressure on top <a rel="noopener noreferrer nofollow" title="miners" href="https://thebittimes.com/tag/miners.html">miners</a> and farms.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Riot Platforms expands operations with 33,000 new miners 
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Bitcoin prices must break $100,000 for crypto miners to stay profitable

TheBitTimes

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