The bitcoin mining industry is in a consolidation phase, a trend triggered by the halving event in April, according to a new report from investment bank Architect Partners, which highlights that miners are seeking access to large-scale, scalable data centre capacity, as well as low-cost power and capital. Bitfarms' planned acquisition of Stronghold Digital Mining is a prime example of recent M & A trends. Unlike the tech and financial services industries that rely on talent, the authors argue that hostile mergers and acquisitions are uncommon, bitcoin mining's core assets are physical facilities, power resources and widely available computing equipment. However, this trend of consolidation runs counter to the original intention of Bitcoin founder Satoshi Nakamoto, who wanted anyone to participate in mining, and there is no concentration of computing power.