Bitcoin Miners Raked in $1.66B in July—Best Haul Since April 2024 Halving

Bitcoin miners struck gold in July, hitting their highest earnings since the April 2024 halving. In fact, July’s mining income jumped approximately 19.42% higher compared to June.

Bitcoin Miners Rejoice With July Windfall

Bitcoin’s price action gave miners a much-needed boost last month, with July clocking in as their best payday since the April 20, 2024 halving. Back then—more than a year ago—miners raked in $1.79 billion. This July, they pulled in a solid $1.66 billion in total earnings from fees and block rewards, according to data from theblock.co.

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

In June 2025, miners hauled in $1.39 billion, so July’s total marked a $270 million jump—or a 19.42% increase in revenue. Of the $1.66 billion earned in July 2025, just $16.43 million came from onchain fees. Fee revenue has been noticeably thinner this year; for context, back in April 2024, when miners brought in $1.79 billion, a hefty $281.47 million of that came from fees alone.

While hashprice—the estimated earnings from 1 petahash per second (PH/s) of hashpower—held up decently in July, August opened with a bit of a dip. On July 2, the value of 1 PH/s stood at $58.40, but that figure has slipped 2.81% to $56.76. That means a full exahash per second (EH/s) now fetches $56,760, down from $58,400 just a month ago.

This dip in revenue has tightened the screws on miners. The total hashrate peaked at 943 EH/s on July 26, but by a week later, it had eased down to 900.29 EH/s. Block times have stretched out, too, averaging 10 minutes and 16 seconds as of 8:30 a.m. Eastern on Saturday. If this pace continues, miners could be looking at a difficulty drop when the next adjustment hits on Aug. 9, 2025.

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