Skip to content
Subscriber Only
Markets
Crypto

Bitcoin Miners Facing Double Whammy of Reward Cuts After Plunge

  • Coins allotted for settling transactions to be reduced in May
  • ‘Halving’ was seen by enthusiasts as catalyst for price gains
An employee checks cooling fans connecting a cryptocurrency mining rig in Moscow, Russia.

An employee checks cooling fans connecting a cryptocurrency mining rig in Moscow, Russia.

Photographer: Andrey Rudakov/Bloomberg
From

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Companies whose computers make the Bitcoin network operational are facing deep cuts to profits.