Daily Bitcoin Miner Revenue Reached New Peak Amid BTC Rall, Exceeding April 2021 Levels

Bitcoin mining earnings reached their highest-ever level recently, coinciding with the ongoing surge in the value of the leading crypto asset.

The increase is part of a rally that started in mid-October 2023 but gained meaningful momentum after January 11, following the approval of spot Bitcoin exchange-traded funds for trading by the US Securities and Exchange Commission . The subsequent prolonged slump dragged two of the largest firms at the time, Core Scientific Inc. and Compute North, into bankruptcy, with other miners warning of a liquidity crunch. However, Core Scientific has managed to

But an upcoming event slated for April, which will halve miner rewards and reduce the coin’s supply growth, has further fueled speculation of price increases.

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