Bitcoin miners collected around 1.12 billion dollars in September, their best month since January. The BTC rally supported revenues while the network difficulty barely moved at its last adjus
Bitcoin miners collected around 1.12 billion dollars in September, their best month since January. The BTC rally supported revenues while the network difficulty barely moved at its last adjustment. It decreased by only 0.03%, to 132.72 trillion. After several tough months, conditions are becoming a little less strained for operators.
September ended significantly better than it had started for the mining industry. Revenues reached around 1.12 billion dollars, compared to 1.08 billion in May. Only January did better this year with about 1.15 billion.
The recovery was already visible at the beginning of September. At that time, Bitcoin’s hashprice had increased by 22.24% in one month, even though the network’s computing power remained below 1 ZH/s.
The trend continued during the month. Hashprice, which measures the daily value generated per petahash of computing power, reached a 30-day high of 41.51 dollars. Its low point was 37.45 dollars.
For most of September, it hovered around 40 dollars per PH/s. For a miner, a few dollars difference in this indicator can become important when multiplied by hundreds of petahash and thousands of machines.
Bitcoin also benefited from a better market environment during August and September. The price increase directly raises the dollar value of rewards received by miners. The result is visible in the accounts: 1.12 billion dollars in one month. For an industry that spent a good part of the year reducing costs, September brings some relief.
Start your crypto adventure safely with OKXThis link uses an affiliate program.The last Bitcoin adjustment changed almost nothing. At block 969,696, difficulty declined by only 0.03%, reaching 132.72 trillion. This is the smallest variation recorded since the beginning of the year.
The contrast with June is significant. At that time, Bitcoin mining difficulty dropped by 10.09% in a single adjustment, following a significant contraction of hashrate. Since January, Bitcoin has had 19 adjustments.
Eight increased difficulty. Eleven decreased it. The eight increases represent a cumulative rise of 33.34%. The eleven decreases reach 45.30%. Overall, difficulty still shows a net decline of 11.96% in 2026.
This number matters for miners. Difficulty determines how hard it is to find a block. When it decreases, the same amount of computing power can theoretically produce more BTC, all else being equal.
The last 0.03% adjustment changes almost nothing individually. The accumulated decline since January is much more significant. The total network power also remains below 1,000 EH/s. Blocks were recently produced on average every 10 minutes and 48 seconds, slightly above the target of about ten minutes. The next adjustment is expected around October 18.
September’s billion does not solve all the industry’s problems. Miners remain exposed to Bitcoin price, electricity costs, constant renewal of their machines, and global competition for energy access.
The sector spent part of 2026 under pressure. In June, JPMorgan estimated that about 20% of miners were no longer profitable under the conditions at the time. Hashprice had then fallen below 30 dollars per PH/s.
Today, it hovers around 40 dollars. The difference is noticeable. This pressure also explains why several large groups no longer rely solely on Bitcoin. The power infrastructures built for mining now interest artificial intelligence and high-performance computing companies.
This summer, Bitcoin miners had already signed the equivalent of 150 billion dollars in AI-related contracts, covering more than 7.5 gigawatts of capacity. The good month of September should not halt this diversification. It simply improves the pure mining equation. Bitcoin yields more than in spring, difficulty remains below its early-year level, and hashprice finds a more comfortable zone. January had generated about 1.15 billion dollars. September comes just behind with 1.12 billion. For miners, we’ve seen worse.
