July 2025 delivered Bitcoin miners’ highest monthly profitability since the April 2024 halving—a significant rebound in what was otherwise a lean post-halving stretch. Here's how it's shaping up:

📊 Average miner revenue: $57,400 per exahash/s daily, up 4% from June—JPMorgan estimates this marks the strongest earnings since the April block subsidy cut

📉 Still compressed: Despite the uptick, these figures remain roughly 43–50% below pre-halving revenue and profit levels

🚀 Network competition: Hashrate rose to 899 EH/s, and mining difficulty rose ~9% month-over-month, underscoring rising competition and heightened energy demands

In summary: July marked a post-halving peak for Bitcoin mining profits—driven by resilient prices and network activity—though margins remain well below their 2023 highs.