Bitcoin is a digital money that people can trade or use to buy things. To make new bitcoins, people need powerful computers that solve complicated puzzles. These computer owners are called miners. Sometimes, the number of new bitcoins given to miners gets cut in half, which is called "halving". This makes it harder for miners to earn money, because they get fewer bitcoins for their work. A report says that after the next halving event in April 2024, nine out of eleven big public miners might not make enough money from mining bitcoin. They are selling some of their bitcoins now to prepare for this situation and cover their costs. Read from source...

1. The article title is misleading and sensationalist, implying that the majority of public miners will be unprofitable after the halving event in 2024. However, the article only discusses nine out of eleven largest public miners, leaving out two significant players: Bitmain and Blockchain Mining Ltd. The omitted miners may have different cost structures or strategies that could mitigate the impact of the halving on their profitability. Therefore, the title should more accurately reflect the scope and limitations of the analysis.