Bitcoin mining revenues hit $3.7 billion in Q4 2024, a 42% increase from the previous quarter.Miners' incomes are approaching $3.6 billion in Q1 2025, stabilizing after the halving in April 2024.Bitcoin miners have adapted by upgrading to more energy efficient ASICs and relocating to regions with cheaper renewable energy.Increasing transaction activity on the Bitcoin network is essential to sustain miner incentives post-halving.