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Bitcoin Miners Saw a Monthly Record $1.5B Revenue in March
Bitcoin mining revenue broke a new record in March, fueled by the BTC price rally.
Updated Mar 6, 2023, 3:15 p.m. Published Apr 1, 2021, 4:05 p.m.
Bitcoin miners collected $1.5 billion in revenue in March, a monthly record for the 12-year-old blockchain network, as the price of bitcoin (BTC) broke above $50,000.
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- “Few had anticipated the scale of this bull run in September 2020. Back then, the monthly miner revenue sat at $329 million. Since then, the revenues have increased by 373%,” according to a new report by Arcane Research, a Norwegian analysis firm.
- Miners are awarded bitcoin whenever they add a new block of transactions to the blockchain, which they can later sell on the market to fund operating costs or simply just to cash out. Transaction fees are another source of revenue.
- “The recent mining revenue spike is rewarding miners who already had a well-established setup before the bitcoin bull run, or great foresight in Q3 2020.”
- New mining equipment is estimated to be delivered around November 2021 and January 2022, which could contribute to greater computational power (hashrate) used to mine and process transactions, according to Arcane.
- Publicly listed mining stocks have largely tracked the price of bitcoin in March. RIOT Blockchain, a bitcoin mining company (NASDAQ: RIOT), is up about 23% versus BTC’s rise of 26% for the month to date at the time of writing.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Bitcoin's breakout lifts crypto equities and miners in pre-market trading
Bitcoin pushes above $92,000 as stocks tied to crypto, AI mining, and metals rally in pre market trading.
What to know:
- Bitcoin breaks above $92,000, briefly touching $93,000.
- Strategy (MSTR) rises 3.5% to $163 ahead of a potential bitcoin purchase announcement.
- AI-linked miners CIFR, IREN, and HIVE extend strong gains.
- Gold, silver, and the DXY index continue to strengthen following weekend Venezuela US developments.
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