The next significant event in the world of cryptocurrencies, Bitcoin halving, is expected in April 2024. This event, occurring approximately every four years, will halve the reward for mining each block from 6.25 to 3.125 bitcoins. At the time of writing the article, there were 9889 blocks left to process before the halving, representing less than two months of work for miners, precisely 68 days.

Bitcoin halving is a pivotal moment for cryptocurrency as it directly affects the amount of new coins entering circulation and potentially could impact the price of Bitcoin. This event also serves as an assessment moment for mining companies, as the reduction in block rewards diminishes their revenues from mining.

Analysts predict an increase in the stocks of companies involved in Bitcoin mining ahead of the halving, particularly highlighting Riot Platforms and CleanSpark among others. These enterprises might gain significant advantage due to the appreciation of Bitcoin's value and the reduction in the supply of new coins.

Furthermore, it's worth noting that in February 2024, the difficulty of Bitcoin mining reached an all-time high, indicating an increase in competition and technological requirements in the industry. This rise in mining difficulty underscores the continuously growing challenges and expenses faced by miners striving to remain profitable in the evolving cryptocurrency landscape.