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Puell Multiple

Compares miner revenue to its historical average.

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Mining

Recent Puell Multiple trend

0.74

Updated Jul 29, 2026

What is Puell Multiple?

Puell Multiple tracks miner revenue pressure by comparing daily issuance value against longer-term norms.

How to read it

Low readings can imply miner stress. High readings can imply unusually strong miner revenue conditions.

Recent data

NoDateValue
1Jul 29, 20260.74
2Jul 22, 20260.75
3Jul 21, 20260.75
4Jul 20, 20260.72
5Jul 19, 20260.73
6Jul 18, 20260.72
7Jul 17, 20260.71
8Jul 16, 20260.73
9Jul 15, 20260.73
10Jul 14, 20260.7
11Jul 13, 20260.7
12Jul 12, 20260.71
13Jul 11, 20260.71
14Jul 10, 20260.71
15Jul 9, 20260.7
16Jul 8, 20260.69
17Jul 7, 20260.7
18Jul 6, 20260.7
19Jul 5, 20260.69
20Jul 4, 20260.69
21Jul 3, 20260.68
22Jul 2, 20260.66
23Jul 1, 20260.65
24Jun 30, 20260.65
25Jun 29, 20260.66
26Jun 28, 20260.66
27Jun 27, 20260.66
28Jun 26, 20260.66
29Jun 25, 20260.67
30Jun 24, 20260.68