BTC hits an all-time high. So why aren’t Bitcoin miners also seeing explosive growth?

Bitcoin has soared since the last halving in May 2020, and miners have joined in. There were not many large-scale miners at the time. But this time, the market is crowded with large-scale miners competing for the Bitcoin reward, which is being cut from 6.25 Bitcoin to 3.125 Bitcoin. Additionally, the difficulty of block mining has risen to an all-time high, making things even more difficult after the halving.