Bitcoin miners have witnessed a significant increase in revenues, jumping from $29 million to over $40 million per day in just two weeks. This surge in profitability is attributed to a 25% increase in Bitcoin's price, which, in turn, has boosted mining revenues substantially.
The network difficulty and hashrate have risen as well, signaling heightened activity and competition among miners. Many companies have reported enhanced efficiency, thanks to equipment upgrades and the usage of cheaper energy sources.
Experts suggest that if Bitcoin's price continues to climb, miners' daily revenues could potentially exceed $50 million. Such growth in profitability is likely to attract new investments into the mining industry.
