Bitcoin miners diversify and consolidate to survive revenue drop

Since Bitcoin's fourth halving on April 20, the miner revenue per exahash has taken a dramatic hit. On April 20, it was $190,620 per exahash, but by May 2, it had plunged to an all-time low of $44,538. Despite a fleeting recovery on June 7, reaching $91,774 due to a spike in transaction fees, the figures have largely stabilized at a lower level. As of July 1, miner revenue stands at $48,230, persistently signaling economic strain. This prolonged dip below the yearly average is reshaping the industry. How are major mining players adapting to this new financial reality? The strategies they're employing might just redefine the entire sector...