JPMorgan Chase: Bitcoin Miners' Profit Hit A New High In July Since The Halving

According to the latest report from JPMorgan analysts, benefiting from the rise in Bitcoin prices, Bitcoin miners' average daily block reward income per EH/s reached $57,400 in July, creating the highest monthly profit level since the halving in April 2024. The report states that 10 out of 13 mainstream mining companies outperformed Bitcoin's 8% monthly increase. Despite a 9% rise in mining difficulty this month, and daily revenue and gross profit still declining by 43% and 50% respectively compared to pre-halving levels, miners' overall profitability has significantly rebounded. (Decrypt)