Cambridge University releases the "2025 Digital Mining Industry Report": the industry is becoming stable.

Gate News bot message, the University of Cambridge has released the latest "2025 Cambridge Digital Mining Industry Report." The report shows that the Bitcoin mining industry is entering a mature stage, with capital scaled operations becoming the dominant trend.

The report indicates that global mining companies are shifting from an early technology-driven model to a capital-intensive one. Factors such as halving of block rewards and growth in network computing power are driving industry consolidation, with large institutions gradually dominating the market landscape.

Data shows that North America has become a major Bitcoin mining center, with specialized operators and publicly listed companies playing a key role in the industry. Additionally, the report further analyzes the current state of technological developments such as the improvement of mining equipment efficiency and the optimization of energy usage.

Source: Cambridge University Bitcoin Electricity Consumption Index ( CBECI ) Team