Citing data from the Blockchain portal, Reuters reported that, due to the rise in bitcoin value, cryptocurrency miners began to make money by mining tokens, while the drop in energy prices also helped them.

“As a result, the average mining revenue over the last 30 days has increased to $27.34 million daily, the highest since June last year.”the article says.

It is stated that while working together to issue tokens, miners in all countries of the world earned $ 27 million. At the same time, for much of the second half of 2022, many miners worked in the red and debt piled up.

“At the end of last year, many public miners were on the verge of bankruptcy. With the current price of Bitcoin, the cash flows of these companies have improved significantly.”– said Luxor company analyst Jaran Mellerud.

According to the agency, in connection with the improvement in the situation in the cryptocurrency market, investors have started to show interest again in the shares of publicly traded cryptocurrency mining companies.