Join our dynamic team and contribute to cutting-edge solutions in a collaborative environment, where innovation meets expertise to shape the future of blockchain analytics and compliance. Bitcoin halving refers to the splitting of block rewards into half to mean that miners’ reward for discovering a block is reduced by half. Halving exists to lower Bitcoin’s inflation rate and the rate at which new Bitcoins are released into circulation, keeping the price of Bitcoin stable. The halving event happens after every 210,000 blocks have been mined, which is roughly after every four years. The number of Bitcoins in circulation is calculated by the halving theory laid out by Satoshi Nakamoto in the Bitcoin protocol. Here’s the scope of a bitcoin mining company: Gryphon Digital Mining reported in April that it mined 61-Bitcoin equivalents for the month.