The price of Bitcoin hashrate is also at the lowest it's been in more than four years.

Alameda Research, the sister trading firm of the failed FTX exchange, invested $1.15 billion in Genesis Digital.

The news coincides with miners offloading $2 billion worth of BTC in June so far.

Trump met with Bitcoin mining execs at the former president’s Mar-a-Lago resort on June 11.

New Bitcoin addresses, miner revenue, transaction fees, and on-chain volumes have also dropped post-halving.

A decline in the network hash rate signals falling miner revenues.

PayPal believes economic incentives can encourage miners to adopt green energy sources.

ETHW’s ecosystem rallied this past month but remains down more than 90% from its record highs