Revenues from Bitcoin (CRYPTO: BTC) mining plunged to an 11-month low as the industry continued to grapple with the fallout of April halving and the apex cryptocurrency’s downward price action. What happened: According to data from BitBo, miner earnings plummeted to a little over $827 million in August, marking a decline of 10% from July. August’s revenue was also the lowest since September 2023 and represented a drawdown of 57% since the peak in March. Furthermore, the total number of mined BTCs fell from 14,725 in July to 13,843 in August, a 6% decline. See Also: El Salvador President Nayib …
