Bitcoin miners post highest monthly profits since halving

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Bitcoin miners recorded their highest monthly profits in July since the last halving in April 2024. According to a note published by JP Morgan analysts, miners were able to net an average of $57,400 per EH/s in daily block reward revenue. The note was co-written by analysts Reginald L. Smith and Charles Pearce. The report cited that July was another strong month for the miners. “Mining profitability reached the highest level since the most recent halving (Apr ’24), and ten of the thirteen miners...