Quarterly revenue from bitcoin miners grew 28% to $1.98 billion in the first three months of this year. Miners’ income is growing following the rate of the first cryptocurrency: over the same period, its price increased by 72%.

Quarterly earnings for bitcoin miners grew 28%

The income of miners from bitcoin mining in the first quarter of 2023 amounted to $ 1.98 billion According to The Block portal, the quarterly income of miners of the first cryptocurrency increased by 28.7% year on year.

The miners’ income is also growing month by month: if in January they earned $601 million, then in February this amount increased to $627, and in March to $755.4 million, their share was 29.5%.

The complexity of mining is currently at an all-time high, however, following the increase in the cost of bitcoin, miners are connecting more equipment to mining, experts say. Bitcoin for the first quarter of 2023 has risen in price from $16.5 thousand to $28.4 thousand, that is, 72%.


Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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