Bitcoin Miners Rake In $55K Daily Despite Heat-Driven Hashrate Dip — Here’s Their Secret
Despite a 3% drop in Bitcoin‘s (CRYPTO: BTC) network hashrate in June, daily miner revenues soared to approximately $55,300 per exahash per second (EH/s), one of the highest profitability levels this year, according to a commentary shared with Benzinga by the analytics team of TeraHash, a global Bitcoin yield protocol.
What Happened: This surprising divergence, fueled by Bitcoin’s $109,000 spot price and $14 billion in ETF inflows, added $5.3 billion—a 23% increase—to the market value of publicly listed mining firms.
According to a JPMorgan report, Bitcoin’s network hashrate dropped by ~3% in June, primarily due to seasonal heat impacts on miners.
TeraHash’s team noted, “Bitcoin’s computing power cooled in June, but its earnings rose,” highlighting a break from the traditional “difficulty crushes profits” cycle. The key? Miners are adapting strategically.
While some chase high-performance computing (HPC) for AI infrastructure, others capitalize on …
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