Bitcoin Miner Revenues Plunge to 12-Month Low Amid Post-Halving Output Decline

Bitcoin Miner Revenues Plunge to 12-Month Low Amid Post-Halving Output Decline

Bitcoin miners experienced a significant decline in revenues, which reached a 12-month low in August 2024, as reported by Bitbo, a leading Bitcoin analytics dashboard. This drop marks a continued downward trend since the network's April 2024 halving, which has drastically reduced mining volumes and revenues. Data from Bitbo indicates that Bitcoin mining revenues fell to approximately $827 million in August, a level not seen since September 20...

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