Overview

• Bitcoin’s price climb to a record $122,838 in July drove average daily block reward revenues to $57,400 per EH/s.
• Network difficulty rose 9% last month, underscoring growing competition and technical strain on miners.
• Despite the recent surge, miners’ daily revenue and gross profit per EH/s remain 43% and 50% below pre-halving benchmarks.
• Major miner MARA Holdings posted a 64% jump in second-quarter revenue to $238 million and record $808 million net income yet saw its share price fall 3.6%.
• Top mining firms added fewer tokens in four of the first six months as rising electricity costs and reduced block rewards thinned margins.