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6 days agoBitcoin miners’ revenue jumps 14% in October amid hash rate surge
Bitcoin miners earned approximately US$1.5 billion , up 14% from the previous month, according to blockchain data provider Glassnode. The increase stemmed from higher transaction fees following growing activity in ordinals and inscriptions. Network hash rate also hit an all-time high, reflecting fresh hardware deployment ahead of the 2026 halving event. Analysts said elevated mining revenue could spur renewed investment in energy-efficient rigs. However, rising difficulty levels may compress margins if bitcoin prices remain range-bound near US$67,000 in the near term.
CoinDesk• By Harsh Ranjan
Explore:Mutual Fund Themes
positive
6 days agoBitcoin miners’ revenue jumps 14% in October amid hash rate surge
Bitcoin miners earned approximately US$1.5 billion , up 14% from the previous month, according to blockchain data provider Glassnode. The increase stemmed from higher transaction fees following growing activity in ordinals and inscriptions. Network hash rate also hit an all-time high, reflecting fresh hardware deployment ahead of the 2026 halving event. Analysts said elevated mining revenue could spur renewed investment in energy-efficient rigs. However, rising difficulty levels may compress margins if bitcoin prices remain range-bound near US$67,000 in the near term.
CoinDesk• By Harsh Ranjan
Explore:Mutual Fund Themes
7 days ago
1 min read
81 words
Bitcoin mining revenue climbed 14% in October, lifted by higher fees and hash rate expansion ahead of the 2026 halving event.
Bitcoin miners earned approximately US$1.5 billion , up 14% from the previous month, according to blockchain data provider Glassnode. The increase stemmed from higher transaction fees following growing activity in ordinals and inscriptions. Network hash rate also hit an all-time high, reflecting fresh hardware deployment ahead of the 2026 halving event. Analysts said elevated mining revenue could spur renewed investment in energy-efficient rigs. However, rising difficulty levels may compress margins if bitcoin prices remain range-bound near US$67,000 in the near term.
Bitcoin miners earned approximately US$1.5 billion , up 14% from the previous month, according to blockchain data provider Glassnode. The increase stemmed from higher transaction fees following growing activity in ordinals and inscriptions. Network hash rate also hit an all-time high, reflecting fresh hardware deployment ahead of the 2026 halving event. Analysts said elevated mining revenue could spur renewed investment in energy-efficient rigs. However, rising difficulty levels may compress margins if bitcoin prices remain range-bound near US$67,000 in the near term.
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Nov 5, 2025 • 06:53 IST