Bitcoin Mining Revenue Hits $1.215B as Hashprice Falls
Bitcoin mining revenue rose to $1.215 billion in October, its highest monthly total since November 2025, even as BTC fell 7.3%. But higher total Bitcoin mining revenue did not mean stronger profitability for every miner: hashprice, which measures expected revenue per unit of computing power, fell 17.54% in 30 days, from $40.24 to $33.18 per PH/s per day. The decline followed market turmoil after reports of a Binance hack. Bitcoin’s network hashrate was 1,082.24 EH/s, and average block times were close to 9 minutes 52 seconds. If low hashprice persists, less efficient machines could shut down; subsequent mining difficulty adjustments may reduce pressure on operators still online. The latest report reiterates the contrast between record-level monthly revenue and weakening per-unit returns, but gives no additional figures or explanation for the hashprice decline. November’s data will offer a clearer signal of miner resilience.
Neutral
The figures point to pressure on Bitcoin miners, but do not establish a direct or sustained effect on BTC’s market price. In the short term, falling hashprice and BTC’s 7.3% monthly decline may reinforce cautious sentiment. Traders could also watch for miner selling or shutdowns if weaker returns persist. However, October’s high mining revenue, the absence of new evidence about the hashprice decline in the later report, and the possibility that difficulty adjustments could ease operating pressure limit the strength of a bearish signal. Over the longer term, reduced competition from less efficient machines could help remaining miners adapt, while November’s revenue and profitability data will be more informative. On balance, this is an operational warning for miners rather than a decisive directional catalyst for BTC, so the expected price impact is neutral.