Bitcoin Recovered in July, But Miner Output Didn’t 👀 $BTC climbed from roughly $58.5K to $62.8K during July, but 3 major public miners still produced less Bitcoin for the second month in a row. The declines were pretty clear: 📌 CleanSpark → 586 BTC, down ~5% as operating hashrate fell 📌 BitFuFu → 112 BTC, down ~10%, mainly because cloud-mining output dropped 📌 Canaan → 46 BTC, down ~28% while operations continued recovering from wildfire disruptions Miners can get a better BTC market and still produce less if hashrate, infrastructure or operating conditions move the other way. But companies are adapting: CleanSpark is expanding into data-center infrastructure, BitFuFu used part of its $BTC treasury to secure future hashrate, while Canaan is still rebuilding operations after disruptions. It’s good that these companies have other ways to use their infrastructure and capital, but most of these moves come from necessity rather than comfort. At this point, does mining through a pool make more sense than trying to scale everything yourself? 👇 #Macro Insights# #BTC Price Analysis#