$BTC Mining Profitability Drops for Fourth Straight Month in November


$BTC mining profitability fell throughout November, marking the fourth consecutive monthly decline, according to JPMorgan analysis. Daily block reward gross profit decreased 26% compared to October, while the network hashrate averaged 1,074 exahashes per second after dropping 1% from the previous month.


Analysts Reginald Smith and Charles Pearce reported miners earned an average of $41,400 per exahash per second in daily #BlockReward revenue during November. This represents a 14% decline from October and a 20% decrease year-over-year.


The November hashrate decline followed record highs achieved in October. #Hashrate measures total computational power securing proof-of-work blockchains and serves as an indicator of industry competition and mining difficulty levels.


The 14 U.S.-listed mining companies tracked by JPMorgan saw their combined market capitalization fall 16% month-over-month to $59 billion. Cipher Mining posted the strongest performance among the group with a 9% gain, attributed to its recent Fluidstack agreement.


#Bitdeer recorded the weakest performance, declining 40% during November. The Monday report noted varied company results despite broadly declining profitability across the #Bitcoin mining sector.

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December 01, 2025 at 7:02 PM
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