比特币减半：小矿工会沉还是浮？

即将到来的 2024 年比特币减半是第四次减半，引发了不同的反应。由于稀缺性增加，投资者热切期待牛市，而小型矿商则面临财务困难。 Marathon Digital 首席执行官警告小型矿商面临的挑战，强调获得融资和设备的机会不平等。

Will the Bitcoin Halving Sink or Swim Small Miners?

比特币减半会让小型矿商沉没还是游泳？

The impending 2024 Bitcoin halving, the fourth of its kind, is stirring a mix of anticipation and apprehension. While investors eagerly await the potential for a bull run driven by the increased scarcity of Bitcoin, some miners fear the financial headwinds that lie ahead.

即将到来的 2024 年比特币减半是第四次减半，令人既期待又担忧。虽然投资者热切地等待比特币日益稀缺带来的牛市潜力，但一些矿商担心未来的金融逆风。

Small Miners Face Financial Tempest

小矿商面临金融风暴

Marathon Digital, a prominent Bitcoin mining behemoth, has reported solid results in 2023. From integrating methane gas into its mining operations to producing nearly 10,000 BTC in just 10 months, the company has enjoyed a strong year. However, despite these impressive figures, Marathon has raised eyebrows with its controversial practices, including Bitcoin transaction censorship in 2021 and the deployment of Slipstream, a service that undermines the revenue of competing Bitcoin miners.

著名的比特币挖矿巨头 Marathon Digital 在 2023 年公布了稳健的业绩。从将甲烷气体纳入其挖矿业务，到在短短 10 个月内生产了近 10,000 个比特币，该公司度过了强劲的一年。然而，尽管有这些令人印象深刻的数字，Marathon 仍因其有争议的做法引起了人们的关注，包括 2021 年的比特币交易审查和 Slipstream 的部署，该服务损害了竞争对手比特币矿商的收入。

Now, Marathon's CEO, Fred Thiel, is sounding the alarm: small Bitcoin miners will face a financial storm after the April halving. In an interview with CNBC, Thiel highlighted the unequal access to financing and equipment between small and large players in the current mining market. While industry giants have raised funds with ease, smaller miners have been left behind, their growth stifled by limited access to financing options. Thiel predicts that the reduction in BTC mining rewards will exert unsustainable financial pressure on these small firms, paving the way for industry consolidation by the giants.

现在，Marathon 首席执行官 Fred Thiel 敲响了警钟：小型比特币矿商将在 4 月减半后面临金融风暴。在接受 CNBC 采访时，泰尔强调了当前矿业市场中小型企业和大型企业之间在融资和设备方面的不平等。虽然行业巨头可以轻松筹集资金，但规模较小的矿商却被抛在了后面，融资选择有限，抑制了它们的增长。蒂尔预测，比特币挖矿奖励的减少将对这些小公司造成不可持续的财务压力，为巨头的行业整合铺平道路。

Marathon Prepares for the Storm

马拉松为暴风雨做准备

According to Crypto News, Marathon Digital is not sitting idly by as the storm approaches. The company has recently completed two acquisitions and plans to continue this strategy to bolster its operations. With acquisitions of mining facilities in Texas and Nebraska, Marathon is well-positioned to weather the upcoming challenges.

据 Crypto News 报道，随着风暴的临近，Marathon Digital 并没有袖手旁观。该公司最近完成了两项收购，并计划继续这一战略以加强其运营。通过收购德克萨斯州和内布拉斯加州的采矿设施，马拉松已做好准备应对即将到来的挑战。

Historic Milestone in 2023

2023 年的历史性里程碑

2023 has been a banner year for Marathon, with impressive financial outcomes. The industry giant reported record revenue of $387.5 million for the past year, a remarkable 229% increase over the previous year. CEO Fred Thiel attributed this notable leap to the company's efforts to revitalize its mining machine fleet and optimize its performance. With these impressive results, Marathon continues to cement its position as a major player in the cryptocurrency mining industry, setting the stage for future growth opportunities.

2023 年对于 Marathon 来说是辉煌的一年，取得了令人瞩目的财务成果。这家行业巨头去年的收入达到创纪录的 3.875 亿美元，比上年增长 229%。首席执行官 Fred Thiel 将这一显着飞跃归功于公司振兴矿机群和优化性能的努力。凭借这些令人印象深刻的成果，马拉松继续巩固其作为加密货币挖矿行业主要参与者的地位，为未来的增长机会奠定了基础。

Conclusion

结论

The 2024 Bitcoin halving will undoubtedly impact the mining landscape, with small miners facing the greatest challenges. As the block rewards are halved, these miners will face increased financial pressure, potentially leading to industry consolidation. Marathon Digital, with its recent acquisitions and strong financial performance, is well-positioned to navigate the storm, while smaller miners may struggle to survive.

2024年比特币减半无疑将影响挖矿格局，小型矿商面临最大的挑战。随着区块奖励减半，这些矿工将面临更大的财务压力，可能导致行业整合。 Marathon Digital 凭借最近的收购和强劲的财务业绩，已做好应对这场风暴的有利条件，而规模较小的矿商可能难以生存。