📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
JPMorgan has released a Private Bitcoin Mining Report! There is a Big Change
According to a new report by JPMorgan analysts, it is expected that publicly traded Bitcoin miners will continue to increase their dominance in the BTC network hashrate as they focus on cost-reducing measures and profitability.
A report prepared by Chief Strategist Nikolaos Panigirtzoglou highlights an increasing trend towards vertical integration among publicly traded miners. These companies are securing independent power sources to reduce operational costs, especially as their hash rates increase and Bitcoin price fluctuates, and are developing custom mining chips.
In recent months, several major Bitcoin mining companies have made strategic acquisitions to secure energy sources and reduce costs. For example, in February, Mara Holdings acquired a wind farm in Texas, while Bitdeer acquired a gas-powered energy plant project in Canada. Analysts noted that these moves provide stable energy access and reduce operating expenses.
Additionally, Bitdeer's collaboration with the semiconductor giant TSMC enabled it to develop more efficient BTC mining chips. The partnership allowed the company to upgrade its mining fleet, increase profitability by selling surplus equipment on the secondary markets.
Some BTC miners are now prioritizing cost efficiency through vertical integration, focusing on sourcing cheaper electricity and upgrading mining machines to withstand market fluctuations, while exploring horizontal integration such as artificial intelligence (AI) and high-performance computing (HPC) to diversify their revenue streams.
JPMorgan analysts said that the halving of the BTC network in 2024, along with increasing network difficulty and BTC price volatility, increased the need for miners to become self-sufficient in energy and invest in in-house hardware development.
Public miners also benefited from equity financing to support operations with record equity financing volumes seen in 2024. However, as Bitcoin prices stabilize, companies are turning to debt financing to continue their operations without selling their bitcoin assets.