Bitcoin Miners’ earnings dropped 167 from June to July

According to the data available on The Block, Bitcoin (BTC) miners generated $555 million in revenue in July 2022. On the other hand, in June 2022, BTC miners generated $667 million in revenue. This indicates more than a hundred million dollar drop in Bitcoin mining revenue or a 16.7% decrease. Miners have been facing the brunt of the recent market crash. Many Bitcoin miners opted to sell their rigs as profitability fell.