Bitcoin miner Stronghold Digital Mining reported a 47.1% drop in its monthly Bitcoin mining output in May. The company mined 82 BTC in the first full month after the halving, compared to 155 BTC in April. Meanwhile, revenue for the month was $5.2 million, down 46% from the previous month. Stronghold explicitly attributed the drop to the halving. The company said: The main reason for the drop was the first full month after the halving. The company also reported an average hash price of $0.052 per TH/s in May, down from $0.095 in April. The company attributed the change to the halving and the reduction in block rewards, a 0.8% drop in Bitcoin prices, and a drop in transaction fees from 25.3% in April to 7.4% in May.