Architect Partners: The Bitcoin mining industry is in a phase of consolidation

ChainCatcher news, according to CoinDesk, investment bank Architect Partners pointed out in its latest report that the Bitcoin mining industry is in a consolidation phase, a trend triggered by the halving event in April this year.

The report emphasizes that mining companies are seeking to acquire large scalable data center capacity and obtain low-cost electricity and capital. The planned acquisition of Stronghold Digital Mining by Bitfarms is a typical example of the recent merger and acquisition trend. The report's authors believe that hostile takeovers are not common in talent-dependent technology and financial services industries, but the Bitcoin mining industry is different, as its core assets are physical facilities, power resources, and generally available computing equipment. However, this consolidation trend contradicts the original intention of Bitcoin's creator, Satoshi Nakamoto, who hoped that anyone could participate in mining without a concentration of computing power. The impact of the current centralization in the mining industry remains to be seen.