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Bitcoin miners adapt to revenue challenges post halving in 2024

Following the halving in April, miners experienced a revenue drop to 1.79 billion USD, driven by reduced block rewards and falling subsidies.

Despite reaching a low of 851.36 million USD in August, miners showed resilience with revived earnings in the fourth quarter, peaking at 1.41 billion USD in December.

By year-end, Bitcoin’s network hashrate exceeded 805 EH/s, highlighting miners’ adaptability to economic changes and their strategic positioning for future challenges.

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