According to a JPMorgan Chase (JPM) research report released Friday, Bitcoin miners experienced another strong month in July, reaching their highest profitability since the last halving event. In July, Bitcoin miners earned an average of $57,400 per exabyte (EH/s) in daily block rewards, a 4% increase from June and the highest level since the halving. However, daily revenue and gross profit per EH/s remained 43% and 50% lower, respectively, than pre-halving levels. After declining in June due to rising temperatures, the average monthly network hash rate rose 4% in July to 899 EH/s. Mining difficulty increased by 9% at the end of last month, a 48% increase from before the last halving event.
Ten of the thirteen publicly traded U.S. mining companies tracked by the bank outperformed Bitcoin in July. In terms of stock performance, Argo Blockchain (ARBK) outperformed, rising 66%, while Core Scientific (CORZ) underperformed, falling 21%. (CoinDesk)
Odaily Planet Daily News, Week 31, 2025 (July 25-31):
1. According to cloverpool, the average computing power of the entire Bitcoin network is 902 EH/s, with a maximum of 1004 EH/s and a minimum of 710 EH/s, a decrease of 1.48% from the average computing power last week (916 EH/s).
2. According to blockchain.com, the average price of Bitcoin was $118,171, with a maximum of $119,839 and a minimum of $115,500, down 0.19% from last week's average price ($118,394).
3. Important mining news worth noting include:
(1) In an interview, Paul, CEO of Cango, revealed that the company will develop in the direction of green electricity and HPC in the future.
(2) Mining company Argo Blockchain received a delisting notice from Nasdaq due to its low stock price;
(3) Bitdeer disclosed that it produced 63.1 BTC in the past week, and its total Bitcoin holdings increased to 1,637.8;
(4) The privacy coin Monero faces the possibility of its network being taken over by the mining pool Qubic.
Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the New York Stock Exchange.
Manifold, a decentralized AI infrastructure company, announced it has secured $10.5 million in Series A funding to accelerate the development of its decentralized AI cloud platform, Targon. The round was led by OSS Capital, with participation from prominent investors including Digital Currency Group, Tobias Lütke, Ram Shriram, Zachary Smith, Jacob Steeves, Ala Shaabana, and Logan Kilpatrick.
According to Odaily Planet Daily, Bitcoin mining company Argo Blockchain (ARBK) received a delisting notice from Nasdaq due to its stock price consistently trading below $1. The company was given a 180-day "correction period" to improve its stock price, but failed to meet the requirement of a 30-day consecutive trading period above $1, triggering the delisting warning. ARBK's current share price is $0.31, down approximately 4% since the announcement. (The Block)
1. The board of directors of Nasdaq-listed Thumzup approved investing $250 million in cryptocurrency;
2. A UNI whale liquidated 662,000 UNIs 3 hours ago, making a profit of 1.88 million US dollars;
3. U.S. SEC Chairman Paul Atkins: Considering launching a cryptocurrency innovation exemption policy to advance the tokenization process;
4. Argot Collective, a non-profit development organization, sold 600 ETH;
5. White House Press Secretary: Trump supports the minimum tax exemption policy for cryptocurrencies and will promote legislation;
6. Circle minted 500 million USDC on Solana this morning;
7. SharpLink Gaming once again increased its holdings by 18,712 ETH;
8. The ancient Bitcoin whale transferred the last remaining 40,000 BTC to Galaxy Digital;
9. Ripple co-founder transferred $26 million of XRP to Coinbase.
