Bitcoin News Today: Bitcoin Miners See 4% Profit Surge in July But Still Lag 43% Below Pre-Halving Levels

Bitcoin mining profitability reached a post-halving high in July 2025, with JPMorgan analysts Reginald L. Smith and Charles Pearce reporting an average daily block reward revenue of $57,400 per EH/s [1]. This marked a 4% increase from the previous month and was the strongest performance since the Bitcoin halving in April of the same year [2]. However, the profitability remains 43% below pre-halving levels, highlighting the continued challenges the sector faces post-event [3].

The performance of publicly listed U.S. miners outpaced Bitcoin’s price movements in July, with ten of the thirteen tracked by JPMorgan outperforming the cryptocurrency’s price appreciation [4]. Bitcoin reached a peak of $122,838 during the month, contributing to higher mining returns. Nonetheless, the industry is still dealing with increased mining difficulty, which rose by 9% in July [6], and higher operational costs, including energy and infrastructure, which remain significant hurdles for long-term profitability.

MARA Holdings, the world’s largest Bitcoin miner, reported second-quarter revenue of $238 million, a 64% increase from the prior year. The firm also recorded a record net income of $808 million, driven in part by a $1.2 billion fair value gain from its Bitcoin holdings [7]. In contrast, Farside Investors noted a decline in the number of tokens added by the top 11 miners in the first half of 2025, suggesting a potential slowdown in expansion and capital deployment [8].

Despite the recent profitability boost, the report underscores that the daily gross profit per EH/s is still 50% below pre-halving levels, indicating that structural challenges—such as high energy costs and regulatory uncertainty—continue to weigh on the industry. While Bitcoin’s price rally contributed to improved short-term returns, the long-term sustainability of mining profits remains uncertain amid these broader pressures [9].

Source:

[1] Yahoo (https://finance.yahoo.com/news/bitcoin-miner-profits-hit-highest-160102050.html)

[2] AInvest (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-miners-4-revenue-rise-july-2025-post-halving-recovery-2508/)

[3] AInvest (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-mining-difficulty-hits-127-6t-ath-rising-hashrate-energy-2508/)

[4] Coindoo (https://coindoo.com/july-becomes-most-profitable-month-for-bitcoin-miners-since-april-halving/)