Bitcoin Miners Rake In $55K Daily Despite Heat-Driven Hashrate Dip — Here’s Their Secret – Bitwise Bitcoin ETF Common Shares of Beneficial Interest (ARCA:BITB)

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Despite a 3% drop in Bitcoin’s BTC/USD network hashrate in June, daily miner revenues soared to approximately $55,300 per exahash per second (EH/s), one of the highest profitability levels this year, according to a commentary shared with Benzinga by the analytics team of TeraHash, a global Bitcoin yield protocol.

What Happened: This surprising divergence, fueled by Bitcoin’s $109,000 spot price and $14 billion in ETF inflows, added $5.3 billion—a 23% increase—to the market value of publicly listed mining firms.

According to a JPMorgan report, Bitcoin’s network hashrate dropped by ~3% in June, primarily due to seasonal heat impacts on miners.

TeraHash’s team noted, “Bitcoin’s computing…