One of the largest Bitcoin mining facilities, Riot Platforms, has warned shareholders that there is “no guarantee” the Bitcoin halving will have a positive impact on its profitability.

Roughly every four years, Bitcoin is programmatically set for a “halving” which cuts the reward for mining new blocks in half as a way to keep inflation in check. Bitcoin is set for its next halving sometime in April with some speculators thinking that it will increase the price of Bitcoin.

But Riot Platforms is warning investors to not get overhyped.

“While Bitcoin prices have historically increased around these halving events, there is no guarantee that the price change will be favorable or would compensate for the reduction in mining rewards.” Riot said in its 2023 annual report.

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Author: Ryan Gladwin

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