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In response to the state of the Bitcoin mining industry, Jefferies reduced its price target for Marathon Digital Holdings Inc from $22 to $17. Previously in NEWS In July 2025, miners of Bitcoin (BTC) recorded $555 million in revenue, as per data from The Block. In contrast, a month before, BTC miners posted revenues of $667 million. mining saw a slight decline in profitability compared to June, according to a research report released by investment bank Jefferies on Thursday. What Happened: Bitcoin’s According to the records on hand on The Block, Bitcoin (BTC) miners generated $555 million in earnings in July 2025. On the exceptional hand, in June 2025 In July, bitcoin miners earned $951.11 million in earnings, marking the lowest monthly revenue of the year. Bitcoin miners collectively earned $951.11 million in July, with $24.9 million derived from onchain fees. This figure is about $12 million less than what miners earned in Bitcoin Miners revenue plunged by more than $100 million, a 16.7% drop from the previous month. The total hash rate also tanked below $190 million on July 20, the US-listed Bitcoin (BTC) mining firms generated lesser profits in July than in June despite mining more coins due to BTC’s price falling by about 6%. The blockchain’s Bitcoin mining saw reduced profitability in July compared to June, as reported by Jefferies. Despite a stable hashrate, the value of Bitcoin fell by over 6%, impacting

Bitcoin Miners' Earnings Plunge: 16.7% Drop in July – Details Inside

Bitcoin miners experienced a significant drop in earnings from June to July, with revenue plunging by more than $100 million. The figures reveal a concerning trend for the mining industry. In July, bitcoin miners earned $951.11 million in earnings, marking the lowest monthly revenue of the year. This represents a 16.7% decrease from the previous month.

According to the records on hand on The Block, Bitcoin (BTC) miners generated $555 million in earnings in July 2025. In contrast, a month before, BTC miners posted revenues of $667 million. In July, bitcoin miners earned $951.11 million in earnings, marking the lowest monthly revenue of the year.

Why the Decline in Bitcoin Mining Revenue?

Several factors contributed to this decline. Bitcoin miners collectively earned $951.11 million in July, with $24.9 million derived from onchain fees. This figure is about $12 million less than what miners earned in. The blockchain’s Bitcoin mining saw reduced profitability in July compared to June, as reported by Jefferies. Despite a stable hashrate, the value of Bitcoin fell by over 6%, impacting miner profitability. The US-listed Bitcoin (BTC) mining firms generated lesser profits in July than in June despite mining more coins due to BTC’s price falling by about 6%.

The total hash rate also tanked below $190 million on July 20.

Jefferies Reduces Price Target for Marathon Digital Holdings

In response to the state of the Bitcoin mining industry, Jefferies reduced its price target for Marathon Digital Holdings Inc from $22 to $17. mining saw a slight decline in profitability compared to June, according to a research report released by investment bank Jefferies on Thursday. Previously in NEWS In July 2025, miners of Bitcoin (BTC) recorded $555 million in revenue, as per data from The Block. On the exceptional hand, in June 2025 What Happened: Bitcoin’s

Looking Ahead

The decrease in Bitcoin miner earnings highlights the volatility and challenges within the cryptocurrency mining landscape. While the future remains uncertain, it's crucial to monitor these trends closely.

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