Bitcoin miners increased profits in May: the best month from Halving 2024

By Hannah Pérez

Bitcoin miners charged almost 29% more in May compared to the profit of April, exceeding USD $ 1.5 billion. The income, which was the highest since the last halving, went up in line with the price and the hashrate of the network.

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Bitcoin miners saw their income grow almost 29% from April to May.
They charged just over USD $ 1.5 billion in the month, the largest ticket since April 2024.
The mining income went up in line with the price of Bitcoin and the hashrate of the network.
Bitcoin conquered a new historical price in May of almost USD $ 112,000.

The miners of Bitcoin (BTC) They charged great during May as the price of the largest cryptocurrency shot at new historical maximums above USD $ 111,000.

The data compiled by The Block They show that the profitability of the miners of Bitcoin It increased almost 29% in May from USD $ 1.18 billion that disbursed in April. Collective income grew to USD $ 1.52 billion last monthaccording to the data, with USD $ 20 million of that total derived from chain rates.

This figure marked the highest monthly entry for the miners of Bitcoin From the halving in 2024. The four -year reward of the miners were held on April 20 of last year, cutting the subsidy per block of 6.25 BTC to 3.125 BTC.

That month, the monthly profits of the miners of Bitcoin They were almost 2,000 million dollars, a figure that came just after a historical income of USD $ 2.01 billion in March, according to the data.

The increase in the income of the miners coincided with a new price record for Bitcoinwhich on May 22 broke an unprecedented level of USD $ 111,970, establishing $ 112,000 as its next imminent border. Bitcoin He closed the fifth month of the year with a gain of 11%, which marked his second largest monthly profitability in 2025.

BTC price chart In the last 30 days it reflects record. Capture June 2, 2025. Source: CoinmarketCap

The giant mining of Bitcoin public, Mara Holdingspreviously Digital Holdings Marathonregistered a historic ticket record, exceeding USD $ 752 million in annualized revenues on May 27, he said Cryptoquant.

Mara, which appears as the mining company Bitcoin largest in the world with a USD market capitalization $ 5.18 billion, he said at the close of the first quarter of 2025 that his production had fallen 19% year after year. However, the company has been increasing its holdings of Bitcoin imitating the accumulation strategy of Strategy.

Bitcoin has yourself increases in line with mining income

Bank analysts JPMorgan They noticed the monthly increase in the profitability of the miners and said that this increase occurred in line with other metrics. In addition to the price rebound, the hashrate of the network Bitcoin It also rose in May.

THE HASHRATE OF THE NETWORK Bitcoin It stood on the 980 exahashes per second (EH/s) on May 30according to data from Bitinfoncharts. This represented an increase of around 25 eh/s from an average of 897 eh/s last month, said the team of JPMorgan In a report that was collected Monday by news media COINDESK.

The hash or hashrate rate of Bitcoin It is the unit of measure that is used to calculate the processing power of the block chain of Bitcoinwhich is based on a work proof mechanism (POS). The metric refers to the amount of computing power used by the miners of the combined network globally to coin new Bitcoins and verify the transactions.

A rate of hash higher means greater competition among miners to validate new blocks. It also means that the network is stronger and more safe, which makes it difficult for a 51%attack to occur.

“Bitcoin miners earned an average USD $ 51,600 for EH/s in daily revenue in block rewards in May, 16% more than in April“Bank analysts, Reginald Smith and Charles Pearce wrote, according to coverage.

The gross gain of the daily reward per block also increased substantially, jumping 36% month to USD $ 27,900 for eh/s, the bank said, the report adds.

BTC changes hands around USD $ 104,300 at the time of writing these lines, according to Coinmarketcap.

Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI tool, under free use license

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