Bitcoin News Today: Bitcoin Mining Revenue Surges to $1.66 Billion Post-Halving Amid Rising Fees and Network Activity

Bitcoin mining revenue reached an unprecedented $1.66 billion in July 2025, marking the highest level since the halving event in April 2024, which reduced block rewards from 6.25 to 3.125 BTC [4]. This surge was driven by increased network activity and higher transaction fees, despite the structural challenges posed by the halving. Bitcoin’s price hit a record high of $122,838 in July [2], and while it briefly pulled back, it remained within 8% of that peak [3].

Mining difficulty rose by 9% in July, reaching an all-time high of 127.6 terahashes [6], a sign of growing miner participation and the adoption of more efficient hardware. Despite this, JPMorgan noted that daily revenue and gross profit per exahash per second are still significantly lower than pre-halving levels [5], with overall profitability remaining 43 to 50% below what it was before the reduction in block rewards [5].

Bitcoin miners saw an average daily block reward revenue of $57,400 per exahash per second in July, a 4% increase from June [1]. This indicates a gradual recovery in mining profitability post-halving, although long-term sustainability remains under pressure from higher operational costs and reduced block rewards.

Institutional interest in digital assets also surged during the month. Ethereum ETPs recorded record inflows, with $727 million and $602 million added on July 16 and 17, respectively [4]. Bitcoin ETPs also saw significant inflows, totaling $1 billion in net flows across two days [4], signaling strong demand in the digital asset space.

MARA Holdings, the largest listed Bitcoin miner, reported second-quarter revenue of $238 million, a 64% increase year-over-year [10]. The company’s net income surged by 505% to $808 million, largely due to a $1.2 billion fair value gain on its Bitcoin holdings. However, its share price fell 3.6% on the following Friday, reflecting ongoing market uncertainty.

Analysts have observed that while July’s figures show signs of recovery in mining profitability, the industry still faces significant challenges. The top 11 mining companies collectively saw a decline in token additions during the first half of 2025 [8], and while ten of the thirteen miners tracked by JPMorgan outperformed Bitcoin’s 8% price appreciation for the month [9], the broader outlook remains constrained by rising costs and structural shifts in reward structures.

Historically, post-halving cycles—such as those in 2016 and 2020—have seen initial revenue declines followed by rebounds driven by rising fees and network activity [4]. July’s trends appear to follow a similar pattern, albeit with reduced profit potential due to the 50% cut in block rewards. As the market continues to evolve, the balance between price appreciation and mining efficiency will remain a key factor in determining the long-term viability of the industry.

Source:

[1] title1.............................(https://finance.yahoo.com/news/bitcoin-miner-profits-hit-highest-160102050.html)

[2] title2.............................(https://www.cointribune.com/en/bitcoin-miners-earn-1-66-billion-in-july-a-post-halving-record/)

[3] title3.............................(https://www.mitrade.com/insights/news/live-news/article-3-1007840-20250803)

[6] title6.............................(https://www.ainvest.com/news/bitcoin-news-today-bitcoin-mining-difficulty-hits-127-6t-ath-rising-hashrate-energy-2508/)