Bitcoin's Next 'Halving' Expected to Happen on April 20, Could Hit Miners for About $10 Billion

The next "halving" of Bitcoin is expected to occur around April 20, according to a Bloomberg article. The event will halve the amount of bitcoin miners can earn each day through verified transactions, potentially hitting cryptocurrency miners with around $10 billion.

Artificial intelligence companies are increasingly competing for favorable electricity rates, and soaring costs could lead to a drop in revenue for bitcoin miners.