Key Takeaways
- Bitcoin mining revenue peaked at $50 billion annually in 2021 bull run
- Post-2024 halving, daily mining revenue dropped 50% to $30M from block rewards
- Marathon Digital reported $387M revenue in 2023, holding 15,000 BTC
- In 2023, Bitcoin mining consumed 121 TWh annually, equivalent to the electricity usage of the Netherlands
- Average energy cost for miners was $0.045/kWh globally in Q2 2024, with US Texas hubs at $0.03/kWh
- Hydro-powered mines in Canada used 60% of their energy from renewables, consuming 15 TWh yearly
- Bitcoin mining emitted 85 MtCO2e in 2023, comparable to Czechia's annual output
- Sustainable mining share reached 54% of hashrate using renewables in 2023
- Methane abatement from flared gas mining avoided 1.2 MtCO2e in Texas 2023
- The average price of an Antminer S19 was $5,200 in Q1 2023, down 60% from 2021 peak due to oversupply
- Bitmain shipped over 100,000 S21 units in Q1 2024, each delivering 200 TH/s at 17.5 J/TH
- MicroBT Whatsminer M53S+ launched at 286 TH/s for $18,000, capturing 25% market in 2024
- As of October 2023, the global Bitcoin mining hashrate reached 450 EH/s, driven by increased adoption of efficient ASICs like the Bitmain Antminer S19 XP Hydro which offers 255 TH/s at 5304W power consumption
- In Q2 2023, the average Bitcoin mining difficulty adjusted to 48.75 trillion, reflecting a 5.2% increase from the previous quarter due to miner competition
- By July 2024, over 60% of Bitcoin's hashrate originated from the United States following the exodus from China post-2021 ban
After 2024’s halving, daily Bitcoin mining revenue fell 50%, while energy and efficiency shifts reshaped profits.
Economics
Economics Interpretation
Energy
Energy Interpretation
Environment
Environment Interpretation
Hardware
Hardware Interpretation
Hashrate
Hashrate Interpretation
How We Rate Confidence
Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.
Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.
AI consensus: 1 of 4 models agree
Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.
AI consensus: 2–3 of 4 models broadly agree
All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.
AI consensus: 4 of 4 models fully agree
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Min-ji Park. (2026, February 13). Bitcoin Mining Industry Statistics. Gitnux. https://gitnux.org/bitcoin-mining-industry-statistics
Min-ji Park. "Bitcoin Mining Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/bitcoin-mining-industry-statistics.
Min-ji Park. 2026. "Bitcoin Mining Industry Statistics." Gitnux. https://gitnux.org/bitcoin-mining-industry-statistics.
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