Bitcoin miners brought in just over $1 billion in revenue during February

Bitcoin miners brought in $1.06 billion in revenues during February 2022, according to data compiled by The Block Research.

Most of these revenues came from the block subsidy ($1.05 billion) and only a small portion from transaction fees ($12.92 million).

Revenue totals have dropped for the fourth consecutive month, with a month-over-month decrease of 12.9% between January and February.

Total revenues in October were $1.72 billion and have been falling since. They hit an all-time high in March 2021, with a total of $1.75 billion.

For more must-read figures from around the digital asset space, read the February by-the-numbers breakdown by The Block Research's Lars Hoffmann (Research subscription required). 

About Author

Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).