Possible, they may have done some risk assessment and how well to manage it.
Well, you would certainly hope so. It's not like the halving was unpredictable - we've known it was coming for a decade. Any responsible miner should have figured out and implemented whatever steps they needed to take to remain profitable after the halving well in advance.
One of the possible reasons is that mining farms or those miners find a better source of energy so they can mine with less cost than most people would expect.
The most accurate data we have suggest that 74% of energy used in bitcoin mining is from renewable sources. The main cost with using renewables is the set up fee, but once you've paid for the solar panels, wind turbines, whatever, then their upkeep cost is minimal. In these cases it makes no sense for miners to stop mining - they've already paid to install the renewable generators and can't get that money back, so turning their ASICs off would just be wasting free electricity.