As the Bitcoin price is gradually recovering from the crypto turmoil last year, this month has recorded a 50% growth in Bitcoin mining revenue through mining rewards and transaction fees when compared to last month’s figure. The revenue dropped to $13.6 million on 28 December 2022, which was the first time since October 2020. The Bitcoin hash rate has also hit a new all-time high at 300 exahashes-per-second as more miners are involved in powering and securing the Bitcoin network.