Bitcoin Mining Profitability Surges in December
- Bitcoin miners earned $57,100 per EH/s in daily block reward revenue.
- Network hashrate grew by 6% to an average of 779 EH/s.
- Total market cap of tracked bitcoin miners declined 23% to $28 billion.
- TeraWulf outperformed bitcoin with a 136% gain last year.
The increase in mining profitability, despite a decline in market cap for publicly listed miners, suggests that operational efficiencies or strategic investments may be crucial for sustaining competitiveness and attracting further investment. TeraWulf’s significant gain highlights the potential for individual companies to outperform broader market trends when leveraging unique strategies or technologies.
