Nobody knows true. The energy transition is a big influencer, we've yet to see the first mining PPP (private public partnership) play out with the indie LavaPool of El Salvador (could they wind up the money laundering capital of the world?), and what will the global regulation chess board look like for jurisdictional arbitrage? I feel after watching the 10k's of many public mining companies, most will consolidate or go bust. Any of them that can prove the miner-pool model (as opposed to just directing hash to a pool) have huge flexibility to pounce on innovation or contracting, and to build trust, which will earn them those enormous sized txs submitted directly representing many interests. I always assumed mining probably moves to a higher order, where nation states, diverse PPPs, and renewable energy operate.