Bitcoin Miners' Revenues Increase by 37%
Main page News, Mining, Bitcoin

The recent growth of Bitcoin has resulted in a more than 37% increase in the hash price, which has boosted miners' revenues.

According to the Hashrate Index, since March 11, the benchmark has grown from $0.061 per 1 TH/s per day to $0.083.

Matthew Schultz, CEO of CleanSpark, has said:

"For us, it's pure fat. When you look at the increase in the Bitcoin price, it's actually an additional cash flow of about $200,000 per day, assuming mining about 20 BTC during this period, as we have."

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

Another factor that has positively influenced hash price growth has been the decrease in electricity rates this year:

"The market has helped us a lot. Electricity prices have plummeted. And when you're mining Bitcoin, this is the main cost element."

According to Glassnode, since the beginning of the year, the BTC hashrate (smoothed by a seven-day moving average) has increased from 254 EH/s to 321 EH/s, by about 26%.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Please describe the error
Close