Bitcoin Miners Cash In: $84K Price Triggers Historic Profit Surge Amid Energy Market Shift

Writer

2 months ago

Bitcoin’s rally is creating a windfall for miners, with industry profits hitting $42M/day – the highest since November 2021. The surge comes as:

Miner Economics Improve:

Hash price jumps to
38K/BTC with new ASICs
Texas energy credits slash power costs by 40%

Public miner reactions:
✓ Riot Platforms (RIOT) up 62% YTD
✓ Marathon Digital (MARA) adding 12 EH/s capacity
✓ CleanSpark (CLSK) buying 4 new Georgia sites

“The

$Key d e v e l o p m e n t s :$

$M in ers se ll in g o n l y 20$
$N e x t - g e n B i t main S 21 P roc u tt in g J / T H b y 23$
$ERCOT p a y in g min ers$ 32M / week for grid stability