August was the lowest revenue month for Bitcoin miners so far in 2024 and the worst revenue month since September last year.
Bitcoin miners just recorded their lowest revenue-generating month since September 2023 as the number of mined coins fell in August.
Miners revenue reached $827.56 million last month, dropping over 10.5% from July’s $927.35 million, but was up 5% from August 2023, Bitbo data shows.
The August figure is a 57% fall from 2024’s March peak of just under $1.93 billion — the same month where Bitcoin (BTC) hit its all-time high of over $73,500 on March 13.
