The crypto mining sector witnessed significant economic improvements in December, with mining profitability reaching its highest levels in seven months.
Wall Street Bitcoin Miners' daily block reward revenue per exahash per second (EH/s) reached $57,300, a seven-month peak.
Bitcoin miners from the US have significantly strengthened their market position, with their combined hashrate surging 94% year-to-date and controlling 29% of the global network.
Bitcoin miners have sold over 140,000 BTC in December to cover operational expenses, but some are also issuing debt to raise funds and accumulate more BTC.