Bitcoin miner earnings reach record high of $78.6M daily revenue on March 7, coinciding with a 70% price surge and anticipation of halving.

Bitcoin miner earnings hit record highs as Bitcoin's price surges near record levels, reaching $78.6M daily revenue on March 7, surpassing the April 2021 peak. This coincides with a 70% rally in Bitcoin's price this year and anticipation of the upcoming halving in April, which will reduce miner rewards and decrease coin supply growth. Firms have placed orders for over $1B worth of specialized computers for mining since February 2023.

March 12, 2024
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