JPMorgan: Bitcoin Miner Profitability in July Reaches Highest Level Since Last Halving

According to a report by Jinse Finance, Wall Street bank JPMorgan has disclosed that Bitcoin miners’ profitability in July reached its highest level since the last halving event, with average daily block reward revenue at $57,400 per EH/s, marking a 4% increase compared to June. In terms of stock performance, ten U.S.-listed mining companies outperformed Bitcoin in July, with Argo Blockchain (ARBK) delivering an impressive 66% gain, while Core Scientific (CORZ) underperformed, falling by 21%.