Bitcoin miners are feeling the pinch as revenues hit a 12-month low, thanks to April's halving event. 📉

- Monthly BTC mining revenues fell to $827M in August 2024, a steep drop from March's $2B.

- The halving slashed mining rewards from 6.25 BTC to 3.125 BTC per block.

- Miners are adapting: Core Scientific, Hive Digital, and Hut 8 are pivoting to AI services.

- Hive saw a 36% sales boost in Q2 2024 from AI diversification.

- Bitdeer Technologies Group is investing in next-gen equipment, reporting a 50% profit increase in Q2 2024.

Stay tuned as miners innovate to stay afloat!