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According to a report released by Fidelity Digital Assets, the increase in Bitcoin prices offset the decrease in block subsidies, resulting in an increase in miners' daily income from $26300 to $40.2 million. After the fourth halving in April 2024, the subsidy per block for miners decreased from 6.25 to 3.125 bitcoins. VanEck estimates that listed mining companies need to raise $50 billion in funding to transition to AI infrastructure, and face technological challenges such as data center standards and power redundancy.