Bitcoin miners closed October with $1.215 billion in revenue—the strongest monthly figure since November 2025—despite Bitcoin’s price slipping 7.3% during the same period. The surge came even as the network’s hashprice, a key profitability metric, fell 17.54% from $40.24 to $33.18 per petahash per second, according to data from hashrateindex.com. The contrasting trends highlight a short‑term financial paradox for the mining sector, according to Bitcoin.com News.

BTC / USD
Source: CoinGecko. Prices are indicative.

Hashprice Decline and Its Drivers

Hashprice measures the estimated daily earnings per unit of computational power. Over the past 30 days the metric dropped from $40.24 to $33.18 per PH/s, a 17.54% contraction. Bitcoin.com attributes the slide primarily to the $6.3 billion Binance hack and the resulting market turbulence that pushed Bitcoin’s price lower. The lower hashprice reduces profit margins for miners, especially those operating less efficient equipment.

Revenue Growth Amid Market Weakness

Even with the price dip, miners collectively earned $1.215 billion in October, according to monthly revenue data compiled by newhedge.io. That figure eclipses the $1.20 billion recorded in December 2025 and approaches the $1.26 billion logged in November 2025. The report notes that Bitcoin’s block issuance schedule remains unchanged, allowing miners to capture a larger share of rewards as less profitable rigs drop offline and difficulty adjustments ease pressure.

Outlook for November and Beyond

Analysts caution that the current profit squeeze could test miners’ financial resilience. While the network’s hash rate stayed robust at 1,082.24 EH/s and average block times hovered around 9 minutes 52 seconds, sustained low hashprices may force further equipment retirements. Bitcoin.com warns that November could expose deeper vulnerabilities if market conditions worsen, though the cyclical nature of mining economics may eventually restore balance.

What to Watch Next

Future reports will focus on how November’s hashprice evolves, whether difficulty adjustments provide relief, and if additional exchange security incidents trigger further market stress. Observers will also monitor miner capitulation rates and the entry of newer, more efficient hardware as the industry adapts to tighter margins.