BTC miners are approaching $60 billion in cumulative revenue...more annual revenue than eBay
![BTC miners are approaching $60 billion in cumulative revenue...more annual revenue than eBay](/content/images/size/w1200/2024/01/1_tZFI3EuC_NMw9I4XZK_txg-1.png)
Yassine Elmandjra, an analyst at Ark Invest, reports via X that "Bitcoin miners are approaching $60 billion in cumulative revenue. A decade ago, BTC mining was a hobby, but now cryptocurrency mining companies generate more annual revenue than global companies like Spotify, eBay, Hermes, Chipotle, Hertz and Hilton. The size and growth of BTC cannot be underestimated.