Bitcoin Mining Revenue Hits 11-Month High Despite Brutal Hashprice Decline
While bitcoin prices have tumbled in the aftermath of the massive $6.3 billion Binance hack, miners closed October with their highest monthly revenue since November 2025. However, the leading crypto asset’s recent price deterioration has taken a considerable toll on mining profitability, with current hashprice figures sitting 17.54% below their levels just 30 days earlier. […]
Key Takeaways
- While bitcoin prices have tumbled in the aftermath of the massive $6.3 billion Binance hack, miners closed October with their highest monthly revenue since November 2025.
- However, the leading crypto asset’s recent price deterioration has taken a considerable toll on mining profitability, with current hashprice figures sitting 17.54% below their levels just 30 days earlier.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
$3.6B flees Binance on reopen, THORChain co-founder opposes coin freeze: Hodler’s Digest
Binance has reopened withdrawals following the world’s biggest ever hack, and THORChain co-founder argues it should not halt the protocol to comply with FBI demands.
Crypto Weekly: Binance Hack Deepens Crypto Rout as Market Cap Falls to $2.7T
The cryptocurrency market ended October down 10%, with its total capitalization falling from $3 trillion to $2.7 trillion amid widespread losses. Bitcoin declined 3.3% in the final week, extending its year-to-date losses to 11%, while ethereum fell more than…
CZ Praises US Authorities for Halting $6B Binance Hack Fallout
The co-founder and former CEO of Binance praised the role U.S. law enforcement agencies played in handling the aftermath of the over $6 billion hack the exchange suffered at the hands of North Korean hackers, crediting them with keeping the market afloat. CZ…