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Revenue generated by Bitcoin mining has reached an all-time high over the weekend due to the crypto's rally.

Miners' average earnings over the past seven days reached $68.28 million on March 9, surpassing the previous all-time high of $67.15 million reached in May 2021.

The Bitcoin price peaked at $72,711 on Monday, although it has declined slightly since then.

This marks a significant growth of more than 230% compared to its value a year ago, largely due to the approval of spot Bitcoin ETFs in January in the US.

13 major Bitcoin mining companies have ordered over $1 billion worth of mining rigs since February in a rush to capitalize on the recent bull market that has pushed BTC above $72,000.

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