According to a previous report by Zombit, analysts from financial services company Cantor Fitzgerald have observed that if the price of Bitcoin fails to rise significantly after halving, the 11 largest listed mining companies may struggle to make profits through mining. The analysts predict that Argo Blockchain and Hut 8 may be the least profitable mining companies after halving (based on current prices). Assuming Bitcoin remains at an average price of $40,000 and there are no drastic changes in computing power, the only companies that can maintain profitability after halving are Singaporean mining company Bitdeer and American mining company CleanSpark.
