Bitcoin Miner Revenue Reaches 11-Month High of $1.215 Billion in October

Bitcoin miners brought in $1.215 billion in total revenue during October 2026, marking the highest monthly total since November 2025's $1.26 billion benchmark. The gross earnings beat December 2025's approximately $1.20 billion despite a 7.3% decline in Bitcoin's spot price and fallout from a $6.3 billion security exploit at Binance. However, unit profitability deteriorated, with daily hashprice dropping 17.54% from $40.24 per PH/s on Oct. 1 to $33.18 on Nov. 1, while an alternate methodology estimated Nov. 1 hashprice at $33.00.