Bitcoin’s halving, where block rewards to miners will be halved, is getting closer every day. Mining companies are also preparing to survive the halving with the least possible damage and perhaps turn it into an advantage.

“Break-even point will increase from $23,000 to $43,000”

Marathon, one of the world’s largest Bitcoin mining companies, is one of them. The company is improving its infrastructure and increasing the number of mining devices to keep costs low after the halving, which will greatly reduce its revenues. Marathon estimates that the break-even point where revenue covers the cost for 1 BTC after halving will be $43 thousand. Marathon CEO Fred Thiel told Bloomberg TV, “By simple calculation, if the industry average breakeven point was previously around $23,000 per Bitcoin, it will now be around $43,000.” Thiel stated that some miners will lose their profitability, perhaps some will have to end their activities.

“We will continue to be acquisitive in this space”

Marathon, which has been implementing a capacity expansion strategy, announced yesterday that it has acquired a 200 megawatt plant in Texas for over $87 million. Earlier this year, the company had purchased four more plants for $179 million. Marathon also reported that they are currently using 53% of their capacity. Thiel said, “We have the need for more capacity, we are reaching that limit now as we speak but we will continue to be acquisitive in this space,”