In July 2025, Bitcoin miners in the US achieved their highest profit levels since the last halving event, according to a JPMorgan report.
Miners' Profits in July 2025
JPMorgan's analysis shows that Bitcoin miners' profits in July 2025 rose by 4% compared to the previous month, reaching record levels since the last halving. Major US public Bitcoin mining companies reported a record $2 billion in gross profits in Q1 2025, with an average margin of 53%.
Analysts Signal Optimism Despite Lower Earnings
The profitability of Bitcoin miners significantly impacts market supply dynamics. Analyst reviews indicate cautious optimism, with positive investor sentiment despite current earnings being 43% lower than pre-halving levels. Historical data shows a recovery pattern post-halving, emphasizing Bitcoin's central role in miner economics.
Future Outlook in Context of Halvings
Historically, Bitcoin miners' revenue surges after major price rallies and halvings. Past events demonstrate similar recovery patterns followed by margin declines, reflecting predictable cycles in Bitcoin's market behavior. Experts suggest that Bitcoin's price stability may determine future miner profitability.
In conclusion, the current profits of Bitcoin miners indicate a recovery phase after the halving, yet remain below historical highs. Analysts express optimism regarding the future, considering predictable revenue cycles.
