How Does a Mining Firm’s Capital Expenditure (CapEx) for New ASICs Factor into Post-Halving Strategy?

Post-halving, a mining firm's CapEx shifts toward acquiring the newest, most energy-efficient Application-Specific Integrated Circuits (ASICs). Since the block reward is halved, the only way to maintain or increase profitability is to drastically reduce the cost of electricity per unit of hash power.

Investing in new ASICs lowers the operational expense (OpEx) per coin mined, allowing the firm to remain competitive while less efficient miners exit the market. This CapEx is a strategic necessity for long-term survival.