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Bitcoin miners hit 11-month revenue high in October despite 17.5% drop in mining profitability.

Protocol Fundamentals
02 Nov 2026, 00:30 WIB
Bitcoin
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Neutral
Bitcoin miners hit 11-month revenue high in October despite 17.5% drop in mining profitability.

In October 2026, Bitcoin miners earned their highest monthly revenue since November 2025, totaling $1.215 billion, despite a 7.3% drop in Bitcoin's price and a 17.54% decline in mining profitability (hashprice). This paradox occurred because the Bitcoin network's computational power remained strong, and mining difficulty adjustments helped maintain revenue. However, the recent Binance hack and market turmoil have tightened profit margins, raising concerns about the mining industry's resilience if conditions worsen in November.

Bitcoin mining revenue reached $1.215 billion in October 2026, marking its highest monthly total since November 2025 despite a significant hashprice decline. For readers following cryptocurrency market trends, here is Pluang's market snapshot as of Nov 02, 2026 04:01 WIB: out of 50 major cryptocurrencies, 17 rose and 32 fell. Notable movers include SNX at Rp3.228 with a 1-day change of -3.38% and a Pluang order activity of 74% Sell / 26% Buy, ATOM at Rp26.651 with -3.25% and 33% Sell / 67% Buy, and THETA at Rp2.839 with -3.17% and 61% Sell / 39% Buy.

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