The bitcoin mining industry is in a consolidation phase, a trend triggered by the halving event in April, according to a new report from investment bank Architect Partners, which highlights that miners are seeking access to large-scale, scalable data centre capacity, as well as low-cost power and capital. Bitfarms' planned acquisition of Stronghold Digital Mining is a prime example of recent M & A trends. The report's authors argue that hostile mergers...
Investment bank Architect Partners said in a quarterly report released last week that the digital asset industry is embarking on a major growth phase and is currently in much better shape than it was two years ago. The company said that the value of the crypto industry increased by more than $750 billion in the first half of the year. Drivers of growth include a surge in the value of crypto tokens to more than $700 billion and the successful launch of spot BTC in the United States.