December 14, 2022, 11:54AM EST
• 5 min read

Mining Market: 2022 Overview

Quick Take

  • Impacted by a mix of the market collapse and major protocol changes, Bitcoin and Ethereum miners experienced a troubling 2022.
  • Bitcoin and Ethereum miners and stakers generated over $18 billion revenue in 2022, a 40% decline YoY.
  • Ethereum’s Merge upgrade completely decimated the Ethereum mining sector.

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