Bitcoin miners' daily revenue jumps 78% to $48 million as hashprice recovers
Bitcoin mining revenue surged 78% from July lows to $48 million daily as hashprice hit its highest level since January, while miner selling pressure has faded significantly since August.
Why it matters
The revenue recovery and reduced miner selling pressure remove a consistent source of market supply that had weighed on Bitcoin's price during the summer. If miners continue to hold rather than sell, it could support further price appreciation, though rising difficulty and potential price retreats remain risks to the industry's profitability.
Key facts
Bitcoin miners' daily revenue increased 78% to approximately $48 million from July lows of around $27 million
78 %Reported by CryptoSlate
Bitcoin price recovered approximately 45% from a July low of $58,000 to above $83,000
45 %Reported by CryptoSlate
Hashprice briefly topped $40 per petahash per second per day, the highest level since January
40 USDReported by CryptoSlate
No extreme miner outflow events have occurred since August 21 when roughly 29,000 BTC left miner wallets
29,000 BTCReported by CryptoPotato
Satoshi-era miners moved approximately 600 BTC in September, about 70% below January's 2,000 BTC
600 BTCReported by CryptoPotato
Addresses holding 100-1,000 BTC saw collective balance drop about 20% from roughly 64,000 BTC in December 2025 to 51,000 BTC by early September, then stabilized
20 %Reported by CryptoPotato
What happened
Bitcoin miners have emerged from months of financial distress as daily industry revenue climbed 78% to approximately $48 million, according to CryptoQuant data reported by both CryptoSlate and CryptoPotato. The recovery follows Bitcoin's roughly 45% price rebound from a July low of $58,000 to above $83,000. Hashprice, a key measure of mining economics, briefly topped $40 per petahash per second per day — its highest since January — up from around $27.70 in June per CoinShares data cited by CryptoSlate. CryptoPotato adds that extreme miner outflows have ceased since August 21, when roughly 29,000 BTC left miner wallets during a price rally from under $65,000 to $76,000. Older miners are also selling less: Satoshi-era addresses moved about 600 BTC in September, 70% below January's 2,000 BTC, while holdings of addresses with 100-1,000 BTC have stabilized after a 20% decline from December 2025. Mining difficulty remains a risk factor that could erode gains if Bitcoin retreats toward $80,000.
How the story developed
- First report
First report by CryptoSlate
Bitcoin miners escape months of distress as daily revenue surges by 78%
- Update
CryptoSlate reports mining revenue recovery and hashprice surge
CryptoQuant weekly report shows 78% revenue increase to $48M daily and hashprice above $40/PH/s/day
- Independent corroboration
Independently corroborated by CryptoPotato
Bitcoin Miners Stop Selling Aggressively: Why This Could Be Big for BTC
- Update
CryptoPotato confirms revenue recovery and details miner selling trends
CryptoQuant report shared with CryptoPotato adds data on ceased extreme outflows, older miner selling patterns, and mid-size miner balance stabilization
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 9 Oct 2026, 04:10 UTC: CryptoSlate — 1 independent source, 1 reports
- 10 Oct 2026, 16:55 UTC: CryptoPotato — 2 independent sources, 2 reports
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CryptoSlate Crypto media | Bitcoin miners escape months of distress as daily revenue surges by 78% | Original | |
| CryptoPotato Crypto media | Bitcoin Miners Stop Selling Aggressively: Why This Could Be Big for BTC | Independent |
Related events
Sequans sells final 314 BTC, exits Bitcoin treasury and clears convertible debt
French semiconductor maker Sequans Communications sold its remaining 314 BTC, ending a Bitcoin treasury that once held more than 3,200 coins.
Riot Platforms Repays and Terminates $200 Million Coinbase Credit Facility
Riot Platforms prepaid its $200 million Coinbase Credit loan on Sept. 21, discharged the facility and released 5,821 BTC of pledged collateral.
Riot Platforms repays Coinbase credit line early, freeing 5,821 BTC
Riot Platforms repaid a $200 million Coinbase credit line early and in full, releasing 5,821 BTC worth almost $500 million from collateral, BTC-ECHO reported.
Bitcoin Insider Links Riot's Repaid $200M Credit Line to Unlocked 5,821 BTC Collateral
Bitcoin Insider reports Riot Platforms repaid a $200 million credit facility, releasing 5,821 BTC it had pledged as collateral, and pairs the story with tariff and other pre-market items.
Strive Purchases 3,311 Bitcoin for $280 Million, Holdings Reach 32,773 BTC Before Warrant Expiry
Strive bought 3,311 BTC between October 5-9 at ~$84,500 average, raising holdings to 32,773 BTC while investors exercised $208M in warrants ahead of an October 13 deadline.
Strive Increases Bitcoin Holdings to 36,818 BTC After $335 Million Purchase Funded by Warrant Exercises
Strive bought 4,045 BTC for $335 million in five days, raising total holdings to 36,818 BTC, funded by $369 million in warrant exercises and an upcoming $630 million preferred stock offering.
