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

ChainCatcher news, according to The Block, data shows that following the block reward halving event on April 20, the revenue earned by Bitcoin miners per TH/s (7-day MA) has hit a historic low in the past two months.

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

It is worth mentioning that the mining company CleanSpark continues to perform well, with its stock price outperforming Bitcoin so far this year. Additionally, the stock prices of Bitcoin mining companies Bitfarms and Core Scientific have also exceeded that of Bitcoin, although smaller mining companies have been struggling.