Bitcoin miners earned $1.66 billion in July, the best result since April 2024.

Bitcoin miners struck it lucky in July, earning their highest revenue since the halving in April 2024. In fact, mining revenue in July increased by about 19.42% compared to June.

Bitcoin Miners Celebrate Surprise July Success

Bitcoin's price action last month gave miners the support they needed, and July was their most profitable month since the halving on April 20, 2024. Back then, more than a year ago, miners earned $1.79 billion. This July, their combined revenue from fees and block rewards was a whopping $1.66 billion, according to theblock.co.

Source: Bitcoin Miner Income (Monthly) from theblock.co.

In June 2025, miners earned $1.39 billion, meaning that the total revenue for July increased by $270 million, or 19.42%. Of the $1.66 billion earned in July 2025, only $16.43 million came from on-chain fees. Fee income has decreased significantly this year; by comparison, in April 2024, when miners earned $1.79 billion, the fee amount was a whopping $281.47 million.

While the hashrate (the estimated profit from 1 petahash per second (PH/s) of computing power) remained at a decent level in July, August started off with a slight decline. On July 2, PH/s was worth $58.40, but that figure has since decreased by 2.81% to $56.76. That means a full exahash per second (EH/s) is now worth $56,760, down from $58,400 a month ago.

This drop in revenue has made things even tougher for miners. The overall hashrate peaked at 943 EH/s on July 26, but fell to 900.29 EH/s the following week. Block times have also increased, averaging 10 minutes and 16 seconds as of 8:30 a.m. ET on Saturday. If this pace continues, miners could see difficulty drop by the next adjustment on August 9, 2025.

Source: cryptonews.net