Leading cryptocurrency Bitcoin ( BTC), while the mining sector is moving in an uptrend, It experienced a revenue increase of over 50.
The uptrend of cryptocurrencies has also begun to affect sectors that move in parallel with crypto. Bitcoin mining industry in particular, It attracted attention with a revenue increase of over 50 percent. Bitcoin miners have started to make a lot of money lately. The recovery of the markets also increased mining rewards and transaction fees.
Bitcoin Mining Revenues Up 50 Percent
Cryptocurrency market recovery and Bitcoin ( BTC) led to an increase in Bitcoin mining revenues.
The expectation of a bull run in the cryptocurrency market directly affected all sectors in the crypto industry. Mining, one of these sectors, started to follow a positive course.
Bitcoin mining companies, which have been struggling to survive for close to a year, It faced a revenue growth of more than 50 percent in the first months of 2023.
Bitcoin mining revenues, From $15.3 million on January 1, it jumped to nearly $23 million in 30 days . This situation became a lifeline for mining companies that were on the verge of bankruptcy.