CoinShares Report: Bitcoin Halving Reduces Mining Costs to $37,800, Only 5 Mining Companies Remain Profitable.

Asset management company CoinShares recently released a mining report, analyzing the impact of the Bitcoin halving event on mining power and mining operations. The report indicates that the average cost of Bitcoin for mining companies will be $37,856 after the halving. Furthermore, if the price remains below $40,000 for an extended period of time, only five mining companies will be able to operate profitably.