Bitcoin miner workers who still draw electricity from grid-affiliated power sources will fight for the next halving event of 2028, Mara Holdings (Mara) said in a shareholder letter.

“For those miners who are still dependent on grid-affiliated power, the writing is on the wall. Energy costs will only increase. The half-dating in 2028 is likely to force another industry-inclusive calculation. Many may not survive,” the letter says.

The statement comes as the mining sector has already struggled to remain profitable after a recent halving event where Bitcoin Rewards cut in half, forcing some miners to diversify their sources of revenue to high -performance computing (HPC) and artificial intelligence (AI).

Read more: AI is here, but that doesn’t mean Bitcoin -Mine workers are done: BLOCKSPACE

Mara, one of the biggest Bitcoin mining workers, said that miners in such a competitive market would have to differentiate themselves or risk falling afterwards and fighting to remain profitable. “Those who do not distinguish will be referred to being award -looking in an increasingly competitive market.”

The minister’s solution, which it claims to have already taken an “early lead”, is to ensure cheap energy, vertically integrate their operations and expand beyond the traditional Bitcoin mining that refers to the fact that miners need to meet other computer needs such as AI and HPC.

“Our ability to acquire sites and generate low -cost energy, activate hardware and energy depreciation and run a vertically integrated model – from software and hardware and now to energy production – gives us greater control over costs.” To this end, Mara recently bought a Wind Farm in Texas that would lower Miner’s power cost.

Mara said it has also increased the development and sale of data center infrastructure, which will be the basic layer of infrastructure for any computer needs.

“Whether it’s for Bitcoin mining or AI -Inference, we think our technologies will activate others to build, while Mara delivers choices and shovels to implement new systems and services, such as energy management, stress balance and infrastructure,” Mara said.

Miner also reported its earnings in the fourth quarter, with its $ 214.4 million sales beating the average $ 187.8 million analyst estimate, according to Factset data. The Mara share rose more than 8% in trading after the market, while Bitcoin was down by 4.2% Wednesday.
Read more: Bitcoin HashRate Growth brakes in the middle of hard market conditions for smaller miners