Bitcoin mining revenue per TH/s per day is what one terahash of computing earns in gross bitcoin revenue over a day, and as of the September 6, 2026 snapshot below it was about $0.040 per TH/s per day. That single number is the fastest way to size up any miner, because you multiply it by the machine's hashrate to get its daily gross. Here is how the figure is built, what it leaves after power, and why it keeps moving.
The formula: hashprice divided by 1,000
Revenue per TH/s per day comes straight from hashprice. Hashprice is the daily gross revenue for one petahash per second (PH/s), quoted in dollars, and it already bundles the block subsidy plus transaction fees priced in dollars. One PH/s is 1,000 TH/s, so:
Revenue per TH/s per day = hashprice / 1,000.
As of early September 2026, hashprice sat at about $39.63 per PH/s per day, up roughly 22% over the prior 30 days from $32.42. Divide by 1,000 and you get about $0.0396, or roughly four cents, of gross revenue per TH/s per day. That is the number behind every "revenue per TH/s" search, and it is a snapshot: it changes with bitcoin's price, network difficulty, and transaction fees.
A worked example: the September 2026 snapshot
Take a 200 TH/s machine. That is 0.2 PH/s, so at a $39.63 hashprice it earns about 0.2 times $39.63, or $7.93 gross per day, before pool fees and before electricity.
The backdrop for that figure, all dated to the same week: network difficulty retargeted to 127.45T on September 6, 2026, network hashrate was roughly 934 EH/s (still under 1 ZH/s), and bitcoin traded around $79,700. When you see a "revenue per TH/s per day" number quoted anywhere, it is only meaningful next to those three inputs, because they are what move it.
What it nets after electricity
Gross revenue is not profit. Electricity is the largest recurring cost of running an ASIC, so the honest number is what is left after power. At Fathom Labs the all-in hosted rate is $0.07/kWh, which covers power, cooling, space, and monitoring with no performance fee and no share of what you mine. Here is what that leaves for the miners we sell and host, estimated at the September 2026 snapshot hashprice and before pool fees:
- Whatsminer M70 (214 to 242 TH/s, about 14.5 J/TH): roughly $8.50 to $9.60 gross per day, about $5.30 to $5.90 in power at $0.07/kWh, leaving an estimated $3.20 to $3.70 per day.
- Whatsminer M70S (226 to 264 TH/s, about 13.5 J/TH): roughly $9.00 to $10.45 gross per day, about $5.10 to $6.00 in power, leaving an estimated $3.85 to $4.45 per day. The better efficiency is why it nets more than the M70 despite similar hashrate.
- Whatsminer M73 (470 to 526 TH/s hydro, about 14.5 J/TH): roughly $18.60 to $20.90 gross per day, about $11.45 to $12.80 in power, leaving an estimated $7.20 to $8.05 per day.
These are estimates for one point in time, not a promise. Browse the full lineup on the Whatsminer page, and read how the rate itself is set in our hosting costs guide.
Why the number keeps moving
Three forces push revenue per TH/s around, and they do not move together. Bitcoin's price lifts or lowers the dollar value of every reward. Network difficulty, which retargets about every two weeks, changes how large a slice of the network your machine represents: when difficulty rises, your share of the coins shrinks. Transaction fees add a smaller, spikier layer on top. In early September 2026 the standout was hashprice climbing 22% in a month even as difficulty ticked up only 1.31%, which tells you price and fees, not difficulty, did the lifting.
Because all three inputs move daily, a static figure like the one above ages quickly. For today's exact revenue per TH/s at your machine's hashrate and your power rate, run the numbers in our profitability calculator, which pulls live bitcoin pricing.
FAQ
What is a good revenue per TH/s per day?
There is no fixed threshold, because the figure floats with the market. The useful comparison is against your cost, not an absolute. At the September 2026 snapshot of about $0.040 gross per TH/s per day, a machine running at 14.5 J/TH costs roughly $0.024 per TH/s per day in power at $0.07/kWh, so it clears its electricity with room left. Efficiency and power rate decide whether a given revenue number is good for you.
Is revenue per TH/s the same as profit?
No. Revenue per TH/s is gross, before electricity and pool fees. Profit is what remains after you subtract power, which for an ASIC is the dominant cost. Two machines can post the same revenue per TH/s and earn very different profit, because the more efficient one, measured in joules per terahash, spends less to produce it. Our bitcoin mining profitability guide covers every factor that decides profit.
How do I get today's exact number?
Use a calculator that pulls live bitcoin pricing and lets you enter your machine's hashrate and your power rate. Our profitability calculator does this for Whatsminer and Antminer models, so you can convert the current hashprice into a per-machine daily figure in seconds.
Why did revenue per TH/s rise in September 2026?
Hashprice rose about 22% over 30 days into early September 2026 while difficulty rose only 1.31%, so the gain came mostly from bitcoin's dollar value and transaction fees rather than any drop in competition. That is a good reminder that revenue per TH/s is driven by price and fees at least as much as by network difficulty.
Have a specific machine or fleet in mind? Contact us for a hosted quote at $0.07/kWh all-in.