Bitcoin Miners Earn Just $34 Million Daily in June’s Worst Revenue Slump

• Bitcoin miners’ daily revenues have plunged to $34M in June, the lowest since April 2024.
• Falling transaction fees and weaker BTC prices are squeezing miner profitability across the board.
• Analysts warn of broader network impacts, though some see potential bullish signs from reduced miner selling.

Bitcoin miners are enduring their most financially challenging month in more than a year, as daily revenues in June have plummeted to just $34 million, according to the latest data released by CryptoQuant. The report highlights a significant squeeze in miner profitability caused by a combination of weakening transaction fees and a moderate decline in Bitcoin’s market price, pressuring an industry already operating on tight margins.

This downturn marks the lowest daily revenue levels since April 2024 and comes at a time when expectations were high following Bitcoin’s climb past the $100,000 milestone. Instead of windfall profits, miners are now facing an increasingly harsh operational environment.