**Bitcoin Miners Face Revenue Slump, Bitfarms Stock Surges**

Bitcoin miners are experiencing a significant revenue decline, hitting a yearly low of $2.54 million on August 11. This drop follows the Bitcoin halving event in April, which cut mining rewards from 6.25 BTC to 3.125 BTC.

Despite a brief revenue spike in May, the ongoing bear market, reduced Bitcoin prices, and increased network difficulty have driven earnings down. Major mining firms like Bitfarms are adapting by upgrading equipment and expanding geographically.

Interestingly, Bitfarms' stock surged nearly 22% after reporting better-than-expected Q2 earnings, showcasing resilience amid the downturn.