Miners' Earnings Surge 22% But Hashtag Remains Below Historic High

Bitcoin miners have seen their revenues rise by 22.24% thanks to an increase in the bitcoin price, which has driven up the hashprice to $39.63 per PH/s per day.

However, despite higher earnings, miners remain cautious about expanding computing power, as evidenced by a hashrate below 1 ZH/s at 934 EH/s.

This limited growth in hashrate amid rising revenues suggests that miners are waiting to see if the price improvement can sustain a recovery in network capacity.