- July 2025 marks a record for Bitcoin mining post-halving.
- Network activity and fees boost record.
- Impacts asset flows in Bitcoin and Ethereum.
In July 2025, Bitcoin mining reached a post-halving revenue high of $1.66 billion, fueled by increased network activity and transaction fees.
August 2025 sees heightened institutional engagement in Bitcoin and Ethereum, impacting digital asset markets through record ETP inflows and surging on-chain volumes.
In July 2025, Bitcoin mining revenue reached a record $1.66 billion, driven by increased network activity and higher transaction fees. The surge occurred despite the challenges faced following the April 2024 halving event, observed globally.
Worldwide Bitcoin miners, including major US-listed companies monitored by analysts, saw rising profitability despite increased network difficulty. Institutional engagement surged, evident from record inflows into Bitcoin products, hinting at a robust demand across the digital assets landscape.
Rising transaction fees reflect heightened network usage, with Bitcoin Ordinals’ increased transaction volumes indicating speculative interest. Ethereum felt the effects too, with record inflows into exchange-traded products. As Matthew Sigel, Head of Digital Assets Research at VanEck, noted:
“Ethereum ETPs posted back-to-back record flows on July 16th and 17th, adding $727 million and $602 million, respectively… Bitcoin ETPs saw two days of $1 billion net inflows, on track for the biggest month since November 2024.”
This suggests broadening engagement in digital asset markets.
July’s financial activity indicates constrained growth due to network difficulty. Bitcoin’s gross margins remain restricted compared to prior halvings, with significant market impacts felt in Ethereum inflows, driving on-chain NFT and DeFi activity.
Historical data shows similar post-halving cycles (2016, 2020) experienced immediate revenue declines, later rebounding due to increased fees and activity. This July’s trends echo past liquidity surges, but reduced block rewards limit potential profitability.
The surge in July presents potential regulatory and technological outcomes, with institutional asset inflows suggesting enduring commitment to digital currencies. As market structures evolve, analysts observe parallels to previous defi and NFT booms.
