{"id":39979,"date":"2025-08-01T13:32:42","date_gmt":"2025-08-01T13:32:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39979"},"modified":"2025-08-01T13:32:42","modified_gmt":"2025-08-01T13:32:42","slug":"bitcoin-mining-profitability-last-month-hit-highest-level-since-the-halving-jpmorgan","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39979","title":{"rendered":"Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) miners enjoyed another strong month in July, with profitability reaching the highest level since the last halving event, Wall Street bank JPMorgan (JPM) said in a research report Friday.<\/p>\n<p>&#8220;Bitcoin miners earned an average of $57,400 per EH\/s in daily block reward revenue in July, up 4% from June, representing the highest level since the halving,&#8221; analysts Reginald Smith and Charles Pearce wrote.<\/p>\n<p>Still, &#8220;daily revenue and gross profit per EH\/S are still 43% and 50% below pre-halving levels, respectively,&#8221; the authors wrote.<\/p>\n<p>The <a href=\"https:\/\/www.coindesk.com\/learn\/bitcoin-halving-explained\">Bitcoin halving<\/a> is a quadrennial event where the reward for mining new blocks is halved. The most recent halving was in April 2024, reducing the reward from 6.25 to 3.125 BTC per block.<\/p>\n<p>The monthly average network <a href=\"https:\/\/www.coindesk.com\/tech\/2021\/02\/05\/what-does-hashrate-mean-and-why-does-it-matter\">hashrate<\/a>, a proxy for competition in the industry and mining difficulty, rose 4% to 899 exahashes per second (EH\/s) in July, after a decline in June in response to warmer temperatures, the analysts wrote.<\/p>\n<p>Mining difficulty was 9% higher at the end of last month, and 48% higher than before the last halving event, the report said.<\/p>\n<p>Ten of the thirteen U.S.-listed miners that the bank tracks outperformed bitcoin in July.<\/p>\n<p>In terms of stock performance, Argo Blockchain (ARBK) outperformed with a 66% gain, while Core Scientific (CORZ) underperformed the group with a 21% decline, the report added.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/01\/bitcoin-network-hashrate-declined-in-june-as-miners-reacted-to-recent-heatwave-jpmorgan\"><span style=\"text-decoration:underline\">Bitcoin Network Hashrate Declined in June as Miners Reacted to Recent Heatwave: JPMorgan<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) miners enjoyed another strong month in July, with profitability reaching the highest level since the last halving event, Wall Street bank JPMorgan (JPM) said in a research report Friday. &#8220;Bitcoin miners earned an average of $57,400 per EH\/s in daily block reward revenue in July, up 4% from June, representing the highest level [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39979","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39979"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39979\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}