News Summary

• The move will add 390 megawatts of capacity, the company said, and it is expected it will reduce the cost per coin mined by around 30%.The Bitcoin halving is an event which occurs roughly every four years..
• There will only ever been 21 million Bitcoin minted, but the halving makes it so the available supply entering the market is slowed down periodically..
• In a Tuesday statement, the publicly traded company announced the acquisition of two Bitcoin mining sites for $178.6 million..
• The event is baked into the Bitcoin protocol and ensures that miners—those who keep the network secure and process transactions—have their rewards cut in half..
• The halving of rewards is meant to keep Bitcoin inflation in check..
• As with previous halvings, the lingering question on the minds of investors is once again: Is the halving priced in?.