Bitcoin Mining Daily Revenue Hits Record as Token’s Price Surges

Bitcoin miner earnings hit all-time highs last week as the price for the largest cryptocurrency continues to trade around record levels.

Daily miner revenue reached $78.6 million on March 7, data from CryptoQuant show, surpassing the peak set in April 2021 during the last crypto bull market. Bitcoin miners earn money in the form of new coins awarded to them for validating and adding transactions to the blockchain network, as well as from fees paid to them by users.

The spike in miner revenues comes amid a 70% rally for Bitcoin so far this year. The token set a ...