JPMorgan: July BTC mining profitability highest since halving

Wall Street bank JPMorgan reported that Bitcoin (BTC) miners earned an average of $57,400 per EH/s per day in July, the highest since the April 2024 halving and a 4% increase from June, according to CoinDesk. However, this is still 43% lower than pre-halving daily revenue. The bank also noted that 10 out of 13 U.S.-listed miners it tracks outperformed BTC last month.