Ethereum mining revenue soars to 3-month high in last full month of PoW

Ethereum mining revenue rose to a three-month high due to increased interest in mining rewards in August. This was the last full month of mining ETH before ‘The Merge.’

As a result, Ethereum mining revenue rose to approximately $734 million in August from $621 million in July, according to The Block based on data from Coin Metrics. This was an 18% increase in revenue in 31 days.