On July 29th, the profit crunch after the bitcoin halving has put pressure on the business model of bitcoin mining companies, and some larger companies see this industry hurdle as an opportunity to expand their business or launch a hostile takeover. The bitcoin mining industry is expected to consolidate in the next 18 months, and some well-capitalized miners hope to devour competitors. For example, Colorado-based Riot Platforms announced on Tuesday that it had acquired Block Mining after a hostile takeover of another company, Bitfarms, last month. Others are gaining a leading position by generating more diverse revenues through innovations such as artificial intelligence computing and chip manufacturing. Bitdeer uses only 36% of its electricity and is currently evaluating putting its electricity into artificial intelligence (AI) and high-performance computing (HPC) companies to generate revenue. A large number of data centers are currently being built and evaluated for use as artificial intelligence or high-performance computing data centers. Bitdeer is also moving into making chips specifically for bitcoin mining.