Bitcoin miners are emerging from months of financial pressure as higher Bitcoin prices lift daily industry revenue by 78%. According to NS3.AI, CryptoQuant said daily mining revenue rose from about $27 million at July's lows to as much as $48 million.

CryptoQuant's profitability indicator has generally classified miners as "fairly paid" since August 21. Miner wallet outflows have also returned to normal ranges, though the transfers do not necessarily mean immediate market sales.

The recovery could weaken if rising mining difficulty continues and Bitcoin falls back toward $80,000.