{"id":86949,"date":"2023-11-13T14:42:42","date_gmt":"2023-11-13T12:42:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86949"},"modified":"2025-09-13T08:44:27","modified_gmt":"2025-09-13T05:44:27","slug":"bitcoin-miners-post-a-record-daily-revenue-of-44-million-in-2023","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-post-a-record-daily-revenue-of-44-million-in-2023\/","title":{"rendered":"Bitcoin miners post a record daily revenue of $44 million in 2023"},"content":{"rendered":"<p>On November 12, daily revenue of bitcoin miners stood at around $44 million \u2014 a record for 2023. Data from <a href=\\\"http:\/\/blockchain.com\\\">Blockchain.com<\/a> show.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh7-eu.googleusercontent.com\/-z15AXwzaxuPU5SvpP_ypZ_E6AfSJLqIYwwNyx72oAZe-WRYKS-cA1vloFqdF3DunnUVNdaeiW7HQaHcDo1LZXJvZr1l4zSb6QDH4Gi3C_VGlBOoFdNKWWYqkeoF9mvYqqaywwlqty3Db54Q-uEgWto\\\" alt=\\\"Bitcoin miners' daily revenue in 2023 record $44 million\\\"\/><figcaption class=\\\"wp-element-caption\\\">Bitcoin miners&#8217; revenue. Data: Blockchain.com.<\/figcaption><\/figure>\n<p>The sum includes block rewards (6.25 BTC) and network fees.<\/p>\n<p>From April 2022 through October 2023, the cryptocurrency mining sector saw revenues slide amid a bear market. By November, however, the metric rose in tandem with <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-nears-38000\">Bitcoin&#8217;s rise<\/a>, which also reached annual highs.<\/p>\n<p>Meanwhile, mining difficulty continues to hit an <span data-descr=\\\"historical maximum\\\" class=\\\"old_tooltip\\\">ATH<\/span>, following the latest recalculation <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-mining-difficulty-hits-a-record-high\">reaching 64.68 T<\/a>.<\/p>\n<p>Evidence of a recovery in the industry is also seen in the earnings reports of digital-asset miners. American Marathon Digital Holdings <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-digital-reports-sharp-rise-in-bitcoin-mining-profits\">reported<\/a> net income of $64.1 million in the third quarter. By comparison, for the same period last year the company posted a $72.5 million loss.<\/p>\n<p>Riot Platforms also reported quarterly revenue of $51.9 million, up from $46.3 million a year earlier.<\/p>\n<p>Mining firms continue to actively prepare for the upcoming <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-bitcoin-halving\">halving<\/a> in the network of the leading cryptocurrency. According to the <a href=\\\"https:\/\/buybitcoinworldwide.com\/halving\/\\\">tracker<\/a>, the reward reduction (to 3.125 BTC) is expected to occur around 14 April 2024, when the block height reaches 840,000.<\/p>\n<p>In a forecast that Bitcoin could reach $150,000 by the summer of 2025, Edelman cited the upcoming halving as one of the factors.<\/p>\n<p>In October, Binance chief Changpeng Zhao <a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-rules-out-an-explosive-bitcoin-rally-immediately-after-the-halving\">ruled out<\/a> a blowout rise in digital gold immediately after the halving. He believes the asset will reach a new all-time high roughly a year after the event.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 12, daily revenue of bitcoin miners stood at around $44 million \u2014 a record for 2023.<\/p>\n","protected":false},"author":1,"featured_media":86950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137],"class_list":["post-86949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=86949"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86949\/revisions"}],"predecessor-version":[{"id":86951,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86949\/revisions\/86951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86950"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}