Due to the halving event and the decline in the number of new wallets, Bitcoin miners' income has hit a record low in the past two months

According to TechFlow, The Block reported that data showed that following the block reward halving event on April 20, the revenue per TH/s (7-day MA) earned by Bitcoin miners has hit a record low in the past two months.

In addition to the halving, another possible reason for the decline in miners’ revenue is the low number of new wallets entering the Bitcoin ecosystem, which is currently at its lowest level since 2018 (7-day MA).

It’s worth noting that CleanSpark, a mining company, is still doing well, with its stock price outperforming Bitcoin so far this year. Bitcoin mining companies Bitfarms and Core Scientific have also outperformed Bitcoin, but smaller miners have been struggling.