Bitcoin Miners Make Huge Income Since New Year.
Bitcoin mining revenue for January has already exceeded the December total, reaching the highest level seen since January 2018.
Huge Bitcoin Revenue
According to data collected by The Block, BTC miners have generated $ 728.71 million as of January 20. By comparison, bitcoin miners brought in roughly $ 692 million in December as previously reported.
Increased revenue is causing a resurgence of demand for legacy machinery, amidst an expanded supply shortage in the mining hardware industry, with demand going far beyond existing machinery.Moreover, existing firms like Galaxy Digital are entering the field by offering financial services for miners. Galaxy, which is a listed company in Toronto, has also gathered its mining operations in a third-party location.