Share prices of many Bitcoin mining companies rise after Bitcoin halving

According to reports, in the week after the Bitcoin block reward was halved, the stock prices of several Bitcoin mining companies rose despite the halving of miner income. Riot Platforms shares rose as much as 36.3%, while Marathon Digital and Cipher Mining rose 20.1% and 20.3% respectively. After analysis, the halving may ultimately trigger a consolidation in the mining industry. Mining companies with strong capital will acquire the assets of less efficient competitors, and market share will be concentrated in a few competitors, which will help improve profitability, especially as the price of Bitcoin rises.Furthermore, while an increase in market share may be positive, but mining companies still need to profit from the spread between their costs and the price of Bitcoin.