Bitcoin miners concluded October with their highest monthly revenue since November 2025, despite a sharp decline in mining profitability following market turbulence linked to a $6.3 billion Binance hack.
According to data from hashrateindex.com, the bitcoin hashprice—a metric measuring estimated daily revenue per unit of computational power—dropped 17.54% over a 30-day period. On October 1, each petahash per second (PH/s) of mining power generated an estimated $40.24 in daily revenue, but that figure declined to $33.18 by November 1. This profitability squeeze coincided with a 7.3% decline in bitcoin's price during October.
Despite tightening margins, monthly mining revenue records from newhedge.io show that miners collectively generated $1.215 billion between October 1 and October 31. By comparison, monthly revenue stood at $1.26 billion in November 2025 and approximately $1.20 billion in December 2025.
The network's overall computational power remained steady at 1082.24 exahash per second (EH/s), with average block times running at approximately 9 minutes and 52 seconds. While exchange security incidents impact market sentiment, liquidity, and investor confidence, Bitcoin's predetermined block issuance schedule remains unaffected.
Industry observers note that mining economics follow a cyclical pattern where falling hashprices can force inefficient machinery offline, leading to difficulty adjustments that alleviate financial pressure for remaining operators. However, continued compressed profit margins may test the financial resilience of mining operations as November progresses.
