The upcoming reduction in the reward for bitcoin mining, known as halving, could have a significant impact on the shares of American mining companies. This is due to the high mining costs, which may force these companies to consider moving outside the country.

Jaran Mellerud, founder of Hashlabs Mining, warns of the possible difficulties that miners may face after halving, especially if bitcoin prices do not rise. He notes that the important points will be the first three to four months after halving, when it becomes clear how the change in remuneration has affected the profitability of miners.

The planned halving, scheduled for April 24, will lead to a decrease in the reward for the mined block from 6.25 BTC to 3.125 BTC. Although halving has historically caused the price of bitcoin to rise, any deviation from this trend can put many mining companies at risk, especially those facing high costs exceeding $0.07 per kWh.

Mellerud expresses concerns that the bitcoin hashrate may move from the United States to other regions, such as Africa and Latin America, where the cost of electricity is lower.

These concerns were further confirmed in January, when Cantor Fitzgerald published a study indicating the vulnerability of American public mining companies at a bitcoin price of about $40,000 after halving. However, given the current bitcoin price exceeding $51,000, this scenario seems unlikely.

The opinion of Mitchell Askew, an analyst at Blockware Solutions, differs: he claims that most public mining companies from the United States have low energy costs and remain profitable. Even if some of them face losses, their impact on the overall hashrate will be negligible, and they themselves will not move to other regions for practical reasons.