TechFlow reported, citing The Block, that data shows Bitcoin miners' revenue per TH/s (7-day MA) has hit a record low over the past two months following the block reward halving event on April 20.
In addition to the halving, another possible reason for declining miner revenues is the relatively low number of new wallets entering the Bitcoin ecosystem, currently at its lowest level since 2018 (7-day MA).
Notably, mining company CleanSpark continues to perform well, with its stock outperforming Bitcoin year-to-date. Bitcoin miners Bitfarms and Core Scientific have also exceeded Bitcoin's price performance, although smaller-scale mining firms have been struggling.
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