Bitcoin mining revenues hit a record high of $78.89 million on March 11, surpassing the previous peak of $74.4 million in October 2021. This surge is due to Bitcoin's "up only" trend since January 23, which has seen its price reach a new all-time high of $72,953 on March 12. The mining industry has experienced 212% revenue growth in U.S. dollars, while the Bitcoin hash rate has also increased to an all-time high of 676 exahashes per second. On-chain activity has spiked, with the number of transactions on the Bitcoin network reaching an all-time high of 974.7 million transactions.