Bitcoin mining revenues climb back up to $1.21 billion in March

Bitcoin • April 1, 2022, 12:00PM EDT

After falling consecutively since October, bitcoin mining revenues had a month-over-month increase of 14%.

Bitcoin miners brought in a total of $1.21 billion in revenue in March, according to data compiled on The Block's Data Dashboard. Mining revenue came in at $1.06 billion in February.

Most of that revenue came from the block subsidy ($1.19 billion) and only a small portion from transaction fees ($15.26 million).

Total revenues have declined from $1.72 billion in October. 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 March 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).