Bitcoin transaction activity is rising, but miner fee revenue remains weak. What the data means for Bitcoin and mining-pool concentration.
Bitdeer mined 3,855 BTC in Q3, up 43% quarterly, as StoneX maintained its $22 price target on a $2.9 billion AI cloud backlog.
According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment abandoned by larger competitors.
Public miners backed by major TradFi players are coming back online, boosting Bitcoin’s hashrate, a positive sign for BTC’s fundamentals, according to CryptoQuant’s Ki Young Ju.
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