Bitcoin (BTC) miners’ revenue up 57% since June

According to the latest on-chain data from Glassnode, mining revenue has increased by 57 percent, hitting mid-2020 levels.

After major mining restrictions in China, the majority of hashrate power migrated back to Europe and the United States following a significant mining volume drop. Back in May, Bitcoin mining power peaked at 180 EH/s, then falling by more than 50 percent.

For now, the hashrate is progressively climbing back up with around a 25 percent recovery. Currently, the network is mining at 112.5 EH/s.

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